Wall Street analysts expect that American Assets Trust, Inc (NYSE:AAT) will post $0.49 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for American Assets Trust’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.48. American Assets Trust reported earnings of $0.45 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 8.9%. The business is expected to report its next earnings report on Tuesday, July 25th.
According to Zacks, analysts expect that American Assets Trust will report full-year earnings of $1.98 per share for the current year, with EPS estimates ranging from $1.91 to $2.01. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.17 per share, with EPS estimates ranging from $2.08 to $2.24. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover American Assets Trust.
American Assets Trust (NYSE:AAT) last posted its quarterly earnings results on Tuesday, February 14th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.30. The company had revenue of $76.56 million during the quarter. American Assets Trust had a return on equity of 3.91% and a net margin of 11.01%. AAT has been the subject of a number of research analyst reports. Canaccord Genuity increased their price target on American Assets Trust from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, April 12th. Zacks Investment Research raised American Assets Trust from a “sell” rating to a “hold” rating in a report on Monday, March 27th. Finally, Mizuho lowered American Assets Trust from a “buy” rating to a “neutral” rating and set a $44.00 target price on the stock. in a report on Wednesday, February 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $48.50.
American Assets Trust (NYSE:AAT) traded up 0.05% during trading on Wednesday, hitting $38.40. The stock had a trading volume of 162,438 shares. The stock has a market capitalization of $1.81 billion, a PE ratio of 54.16 and a beta of 0.54. The stock’s 50-day moving average is $42.15 and its 200-day moving average is $42.08. American Assets Trust has a 52-week low of $37.54 and a 52-week high of $46.38. The company also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Stockholders of record on Thursday, June 15th will be given a $0.26 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.71%. American Assets Trust’s dividend payout ratio (DPR) is presently 146.48%.
In other news, CEO Ernest S. Rady bought 35,200 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The shares were acquired at an average price of $44.00 per share, for a total transaction of $1,548,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ernest S. Rady bought 4,246 shares of the firm’s stock in a transaction dated Wednesday, February 22nd. The stock was purchased at an average price of $43.86 per share, for a total transaction of $186,229.56. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 189,056 shares of company stock worth $7,964,361. Company insiders own 34.09% of the company’s stock. Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in American Assets Trust by 9,426.3% in the first quarter. BlackRock Inc. now owns 5,711,691 shares of the real estate investment trust’s stock valued at $238,976,000 after buying an additional 5,651,734 shares during the period. FMR LLC increased its position in American Assets Trust by 15.1% in the fourth quarter. FMR LLC now owns 4,425,986 shares of the real estate investment trust’s stock valued at $190,672,000 after buying an additional 581,595 shares during the period. State Street Corp increased its position in American Assets Trust by 59.6% in the first quarter. State Street Corp now owns 1,510,392 shares of the real estate investment trust’s stock valued at $63,194,000 after buying an additional 564,067 shares during the period. Norges Bank purchased a new position in American Assets Trust during the fourth quarter valued at $18,091,000. Finally, Boston Partners increased its position in American Assets Trust by 12.7% in the first quarter. Boston Partners now owns 2,164,687 shares of the real estate investment trust’s stock valued at $90,571,000 after buying an additional 244,779 shares during the period. Institutional investors and hedge funds own 99.66% of the company’s stock.
About American Assets Trust American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires and develops retail, office, multifamily and mixed-use properties in Southern California, Northern California, Oregon, Washington, Texas and Hawaii markets.
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