Analysts expect American Assets Trust, Inc (NYSE:AAT) to post $0.50 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for American Assets Trust’s earnings. The highest EPS estimate is $0.51 and the lowest is $0.50. American Assets Trust reported earnings of $0.49 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 2%. The company is expected to announce its next quarterly earnings results on Tuesday, August 7th.
On average, 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 fiscal year, analysts anticipate that the business will post earnings of $2.16 per share, with EPS estimates ranging from $2.11 to $2.20. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow American Assets Trust.
American Assets Trust (NYSE:AAT) last announced its quarterly earnings results on Tuesday, May 1st. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.16). The company had revenue of $80.73 million during the quarter. American Assets Trust had a net margin of 6.60% and a return on equity of 2.52%.
A number of equities analysts have recently issued reports on AAT shares. Morgan Stanley upgraded shares of American Assets Trust from an “equal” rating to a “weight” rating and set a $37.00 price target 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 downgraded 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’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $41.60.
In other American Assets Trust news, CEO Ernest S. Rady acquired 1,718 shares of the stock in a transaction that occurred on Monday, June 11th. The shares were purchased at an average cost of $37.26 per share, with a total value of $64,012.68. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ernest S. Rady acquired 11,718 shares of the stock in a transaction that occurred on Wednesday, June 13th. The stock was acquired at an average cost of $37.12 per share, for a total transaction of $434,972.16. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 187,500 shares of company stock worth $6,577,567. 37.90% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd acquired a new stake in shares of American Assets Trust during the 1st quarter worth about $212,000. Principal Financial Group Inc. boosted its stake in shares of American Assets Trust by 4.4% during the 1st quarter. Principal Financial Group Inc. now owns 324,034 shares of the real estate investment trust’s stock worth $10,826,000 after purchasing an additional 13,785 shares during the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of American Assets Trust by 36.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 9,702 shares of the real estate investment trust’s stock worth $324,000 after purchasing an additional 2,600 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of American Assets Trust by 11.7% during the 1st quarter. Legal & General Group Plc now owns 204,752 shares of the real estate investment trust’s stock worth $6,860,000 after purchasing an additional 21,370 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of American Assets Trust by 175.1% during the 1st quarter. Millennium Management LLC now owns 1,050,506 shares of the real estate investment trust’s stock worth $35,097,000 after purchasing an additional 668,669 shares during the last quarter. 94.23% of the stock is currently owned by hedge funds and other institutional investors.
Shares of American Assets Trust traded up $0.43, reaching $38.65, during trading hours on Tuesday, according to MarketBeat Ratings. The company had a trading volume of 16,682 shares, compared to its average volume of 243,676. 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 company has a market capitalization of $1.81 billion, a PE ratio of 20.15, a P/E/G ratio of 3.61 and a beta of 0.41. American Assets Trust has a 12-month low of $30.62 and a 12-month high of $41.69.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 28th. Investors of record on Thursday, June 14th were paid a $0.27 dividend. The ex-dividend date was Wednesday, June 13th. This represents a $1.08 dividend on an annualized basis and a yield of 2.79%. American Assets Trust’s payout ratio is 56.25%.
About American Assets Trust
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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