American Assets Trust, Inc (NYSE:AAT) – Equities research analysts at KeyCorp issued their FY2019 earnings estimates for shares of American Assets Trust in a note issued to investors on Monday. KeyCorp analyst T. Thomas expects that the real estate investment trust will earn $2.17 per share for the year.
American Assets Trust (NYSE:AAT) last issued its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.35). American Assets Trust had a return on equity of 3.97% and a net margin of 10.90%.
Several other brokerages have also recently weighed in on AAT. Mizuho reaffirmed a “hold” rating and set a $40.00 price objective on shares of American Assets Trust in a research note on Friday, November 10th. Zacks Investment Research cut shares of American Assets Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Finally, Bank of America cut shares of American Assets Trust from a “buy” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.00.
Shares of American Assets Trust (NYSE AAT) traded down $0.19 during trading on Tuesday, reaching $34.83. 67,384 shares of the company’s stock traded hands, compared to its average volume of 155,652. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.76 and a quick ratio of 2.76. The company has a market capitalization of $1,677.28, a PE ratio of 52.88, a price-to-earnings-growth ratio of 3.02 and a beta of 0.52. American Assets Trust has a 1 year low of $34.78 and a 1 year high of $44.83.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Assets Inc. grew its stake in shares of American Assets Trust by 3.9% during the fourth quarter. American Assets Inc. now owns 6,467,587 shares of the real estate investment trust’s stock valued at $247,321,000 after purchasing an additional 242,325 shares during the last quarter. Vanguard Group Inc. lifted its holdings in American Assets Trust by 1.6% in the second quarter. Vanguard Group Inc. now owns 6,125,529 shares of the real estate investment trust’s stock valued at $241,285,000 after buying an additional 94,077 shares during the period. BlackRock Inc. lifted its holdings in American Assets Trust by 3.6% in the second quarter. BlackRock Inc. now owns 5,914,797 shares of the real estate investment trust’s stock valued at $232,982,000 after buying an additional 203,106 shares during the period. Boston Partners lifted its holdings in American Assets Trust by 0.3% in the third quarter. Boston Partners now owns 2,261,530 shares of the real estate investment trust’s stock valued at $89,941,000 after buying an additional 7,364 shares during the period. Finally, State Street Corp lifted its holdings in American Assets Trust by 2.6% in the second quarter. State Street Corp now owns 1,549,111 shares of the real estate investment trust’s stock valued at $61,019,000 after buying an additional 38,719 shares during the period. 98.19% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Ernest S. Rady purchased 85,155 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average cost of $38.84 per share, with a total value of $3,307,420.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernest S. Rady purchased 26,230 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were bought at an average cost of $38.62 per share, for a total transaction of $1,013,002.60. The disclosure for this purchase can be found here. Insiders have bought 267,939 shares of company stock worth $10,441,454 over the last three months. 34.15% of the stock is owned by insiders.
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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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