Wall Street brokerages expect American Assets Trust, Inc (NYSE:AAT) to announce $0.50 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for American Assets Trust’s earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.50. American Assets Trust reported earnings of $0.49 per share during the same quarter last year, which would indicate a positive year over year growth rate of 2%. The firm is expected to announce its next quarterly earnings report on Tuesday, August 7th.
According to Zacks, analysts expect that American Assets Trust will report full-year earnings of $2.05 per share for the current year, with EPS estimates ranging from $2.03 to $2.07. For the next year, analysts expect that the firm will report earnings of $2.16 per share, with EPS estimates ranging from $2.11 to $2.20. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover American Assets Trust.
American Assets Trust (NYSE:AAT) last released its earnings results on Tuesday, May 1st. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.16). American Assets Trust had a net margin of 6.60% and a return on equity of 2.52%. The company had revenue of $80.73 million during the quarter.
AAT has been the subject of a number of recent analyst reports. Morgan Stanley upgraded shares of American Assets Trust from an “equal” rating to a “weight” rating and set a $37.00 price objective for the company in a report on Tuesday, March 27th. Zacks Investment Research upgraded shares of American Assets Trust from a “sell” rating to a “hold” rating in a report on Wednesday, March 14th. Finally, ValuEngine lowered shares of American Assets Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $41.60.
NYSE AAT traded up $0.43 during mid-day trading on Tuesday, reaching $38.65. The stock had a trading volume of 16,682 shares, compared to its average volume of 243,676. American Assets Trust has a 1 year low of $30.62 and a 1 year high of $41.69. The firm has a market cap of $1.81 billion, a P/E ratio of 20.15, a PEG ratio of 3.61 and a beta of 0.41. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.55.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 28th. Shareholders of record on Thursday, June 14th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, June 13th. This represents a $1.08 dividend on an annualized basis and a yield of 2.79%. American Assets Trust’s dividend payout ratio is presently 56.25%.
In related news, CEO Ernest S. Rady bought 47,562 shares of the firm’s stock in a transaction on Wednesday, May 9th. The stock was acquired at an average cost of $34.90 per share, for a total transaction of $1,659,913.80. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ernest S. Rady bought 4,710 shares of the firm’s stock in a transaction on Friday, May 11th. The shares were bought at an average price of $35.17 per share, with a total value of $165,650.70. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 187,500 shares of company stock valued at $6,577,567. Company insiders own 37.90% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Citigroup Inc. boosted its stake in shares of American Assets Trust by 5.7% during the first quarter. Citigroup Inc. now owns 33,370 shares of the real estate investment trust’s stock valued at $1,115,000 after purchasing an additional 1,813 shares in the last quarter. AMP Capital Investors Ltd raised its holdings in shares of American Assets Trust by 11.9% in the fourth quarter. AMP Capital Investors Ltd now owns 60,156 shares of the real estate investment trust’s stock worth $2,301,000 after buying an additional 6,416 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of American Assets Trust by 288.0% in the fourth quarter. Deutsche Bank AG now owns 160,283 shares of the real estate investment trust’s stock worth $6,127,000 after buying an additional 118,968 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of American Assets Trust by 6.2% in the fourth quarter. Wells Fargo & Company MN now owns 372,504 shares of the real estate investment trust’s stock worth $14,245,000 after buying an additional 21,903 shares during the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of American Assets Trust in the first quarter worth $401,000. 94.23% of the stock is owned by hedge funds and other institutional investors.
American Assets Trust Company Profile
American Assets Trust, Inc (the ?company?) is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier retail, office and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Oregon, Washington, Texas and Hawaii.
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