Equities research analysts expect American Assets Trust, Inc. (NYSE:AAT) to report earnings of $0.49 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for American Assets Trust’s earnings, with estimates ranging from $0.48 to $0.50. American Assets Trust reported earnings per share of $0.45 during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.9%. The company is scheduled to report its next earnings results on Tuesday, July 25th.
According to Zacks, analysts expect that American Assets Trust will report full year earnings of $1.99 per share for the current year, with EPS estimates ranging from $1.91 to $2.02. For the next year, analysts anticipate that the business will post earnings of $2.19 per share, with EPS estimates ranging from $2.08 to $2.24. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover American Assets Trust.
A number of analysts have recently issued reports on AAT shares. Canaccord Genuity raised their price target on shares of American Assets Trust from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, April 12th. Zacks Investment Research upgraded shares of American Assets Trust from a “sell” rating to a “hold” rating in a report on Wednesday, May 24th. Mizuho downgraded shares of American Assets Trust from a “buy” rating to a “neutral” rating and set a $44.00 price target for the company. in a report on Wednesday, February 22nd. Finally, BidaskClub upgraded shares of American Assets Trust from a “strong sell” rating to a “sell” rating in a report on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. American Assets Trust currently has a consensus rating of “Hold” and a consensus price target of $48.50.
American Assets Trust (AAT) traded down 2.01% on Wednesday, hitting $40.06. The stock had a trading volume of 380,358 shares. The firm’s 50 day moving average price is $40.19 and its 200-day moving average price is $42.06. The stock has a market cap of $1.89 billion, a PE ratio of 56.50 and a beta of 0.55. American Assets Trust has a 12 month low of $37.54 and a 12 month high of $46.38.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, June 15th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $1.04 annualized dividend and a yield of 2.60%. American Assets Trust’s dividend payout ratio (DPR) is presently 146.48%.
In related news, CEO Ernest S. Rady bought 47,976 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average price of $38.55 per share, for a total transaction of $1,849,474.80. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ernest S. Rady bought 16,419 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was bought at an average price of $40.91 per share, with a total value of $671,701.29. The disclosure for this purchase can be found here. Insiders purchased a total of 537,169 shares of company stock valued at $21,234,402 in the last quarter. 34.15% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of AAT. United Capital Financial Advisers LLC increased its position in American Assets Trust by 0.4% in the first quarter. United Capital Financial Advisers LLC now owns 8,469 shares of the real estate investment trust’s stock valued at $354,000 after buying an additional 31 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in American Assets Trust by 1.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 9,180 shares of the real estate investment trust’s stock valued at $384,000 after buying an additional 90 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in American Assets Trust by 0.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 29,978 shares of the real estate investment trust’s stock valued at $1,291,000 after buying an additional 95 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in American Assets Trust by 0.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,211 shares of the real estate investment trust’s stock valued at $2,352,000 after buying an additional 274 shares during the period. Finally, Elkfork Partners LLC boosted its stake in American Assets Trust by 10.8% in the first quarter. Elkfork Partners LLC now owns 2,884 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 280 shares during the period. Hedge funds and other institutional investors own 98.80% of the company’s stock.
American Assets Trust Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2230634/analysts-anticipate-american-assets-trust-inc-aat-will-post-earnings-of-0-49-per-share.html
Receive News & Ratings for American Assets Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Assets Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.