American Assets Trust, Inc. (NYSE:AAT) is expected to report earnings of $0.54 per share

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Wall Street brokerages predict that American Assets Trust, Inc. (NYSE:AATGet a rating) will report earnings of $0.54 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts released earnings estimates for American Assets Trust, with the lowest EPS estimate of $0.53 and the highest estimate of $0.55. American Assets Trust posted earnings per share of $0.51 in the same quarter last year, indicating a positive year-over-year growth rate of 5.9%. The company is expected to release its next earnings report on Monday, January 1.

According to Zacks, analysts expect American Assets Trust to report annual earnings of $2.20 per share for the current year, with EPS estimates ranging from $2.17 to $2.22. For the next fiscal year, analysts expect the company to post earnings of $2.32 per share, with EPS estimates ranging from $2.29 to $2.34. Zacks Investment Research earnings per share averages are an average average based on a survey of research analysts who cover American Assets Trust.

American Asset Trust (NYSE:AATGet a rating) last released its quarterly results on Tuesday, April 26. The real estate investment trust reported EPS of $0.18 for the quarter, missing the consensus estimate of $0.19 per ($0.01). American Assets Trust had a return on equity of 3.10% and a net margin of 9.57%. In the same quarter last year, the company posted EPS of $0.38.

Several equity research analysts have recently commented on AAT shares. Zacks Investment Research cut shares of American Assets Trust from a “buy” rating to a “hold” rating in a research report on Friday. Mizuho cut his price target on American Assets Trust shares from $40.00 to $37.00 and set a “neutral” rating on the stock in a Tuesday, Feb. 15 research note. TheStreet downgraded shares of American Assets Trust from a “c” rating to a “b-” rating in a Monday, March 21 research note. Morgan Stanley cut its price target on shares of American Assets Trust from $35.00 to $34.50 and set an “equal weight” rating on the stock in a research note on Monday. To finish, StockNews.com began covering American Assets Trust stocks in a research note on Thursday, March 31. They have placed a “holding” rating on the stock. Four analysts gave the stock a hold rating and one gave the stock a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $37.63.

Shares of NYSE:AAT traded at $0.30 during Friday’s trading, reaching $30.87. 195,180 shares of the company were traded, against an average volume of 271,716. American Assets Trust has a 1-year low of $30.46 and a 1-year high of $40.83. The company has a 50-day moving average price of $34.62 and a two-hundred-day moving average price of $35.85. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt ratio of 1.37. The company has a market capitalization of $1.87 billion, a P/E ratio of 48.24, a PEG ratio of 1.79 and a beta of 1.13.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 23. Shareholders of record on Thursday, June 9 will receive a dividend of $0.32. This represents a dividend of $1.28 on an annualized basis and a yield of 4.15%. The ex-dividend date is Wednesday, June 8. American Assets Trust’s payout ratio is currently 200.00%.

Separately, CEO Ernest S. Rady purchased 7,238 shares of the company in a transaction on Monday, March 14. The shares were purchased at an average price of $35.98 per share, with a total value of $260,423.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Also, CEO Ernest S. Rady acquired 10,000 shares of the company in a transaction dated Thursday, May 5. The shares were acquired at an average cost of $35.21 per share, for a total transaction of $352,100.00. As a result of the transaction, the CEO now owns 2,026,619 shares of the company, valued at $71,357,254.99. Disclosure of this purchase can be found here. Over the past ninety days, insiders have acquired 98,049 shares of the company worth $3,289,354. Insiders hold 34.38% of the shares of the company.

Hedge funds have recently changed their positions in the business. Vestcor Inc bought a new stake in shares of American Assets Trust in the third quarter worth $1,505,000. Brown Advisory Inc. acquired a new position in American Assets Trust during the fourth quarter worth $315,000. California State Teachers Retirement System increased its holdings in American Assets Trust by 0.9% during the third quarter. California State Teachers Retirement System now owns 69,465 shares of the real estate investment trust worth $2,599,000 after buying 635 additional shares in the last quarter. Alps Advisors Inc. increased its stake in American Assets Trust by 73.8% during the fourth quarter. Alps Advisors Inc. now owns 42,810 shares of the real estate investment trust worth $1,607,000 after buying an additional 18,184 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in American Assets Trust by 37.8% during the third quarter. BNP Paribas Arbitrage SA now owns 57,692 shares of the real estate investment trust worth $2,159,000 after buying an additional 15,830 shares in the last quarter. 94.83% of the shares are currently held by institutional investors and hedge funds.

American Assets Trust Company Profile (Get a rating)

American Assets Trust, Inc is a full-service, vertically integrated, self-administered real estate investment trust or REIT, headquartered in San Diego, California. The company has more than 50 years of experience acquiring, improving, developing and managing prime office, retail and residential properties across the United States in some of the world’s toughest markets. most dynamic and difficult to access in the country, mainly in southern California, northern California, Oregon, Washington, Texas and Hawaii.

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Earnings history and estimates for American Assets Trust (NYSE:AAT)



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