Analysts Anticipate American Assets Trust, Inc. (AAT) Will Post Earnings of $0.49 Per Share

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.

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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.

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