Analysts expect American Assets Trust, Inc. (NYSE:AAT – Get a rating) will report earnings per share (EPS) of $0.54 for the current fiscal quarter, according to Zacks. Two analysts made earnings estimates for American Assets Trust. The lowest EPS estimate is $0.53 and the highest is $0.55. American Assets Trust posted earnings of $0.51 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 5.9%. The company is expected to release its next earnings report on Monday, January 1.
On average, analysts expect American Assets Trust to report annual earnings of $2.20 per share for the current fiscal 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 earnings per share averages are an average average based on a survey of sell-side analysts who provide coverage for American Assets Trust.
American Assets Trust (NYSE: AAT – Get a rating) last released its quarterly results on Tuesday, April 26. The real estate investment trust reported earnings per share of $0.18 for the quarter, missing analyst consensus estimates of $0.19 per ($0.01). American Assets Trust had a net margin of 9.57% and a return on equity of 3.10%. In the same quarter last year, the company earned earnings per share of $0.38.
Several research companies have recently weighed in on AAT. StockNews.com launched coverage on American Assets Trust stocks in a research report on Thursday, March 31. They set a “hold” rating for the company. Zacks Investment Research downgraded shares of American Assets Trust from a “buy” rating to a “hold” rating in a report on Friday. Mizuho cut its price target on American Assets Trust shares from $40.00 to $37.00 and set a “neutral” rating on the stock in a Tuesday, February 15 research report. TheStreet upgraded shares of American Assets Trust from a “c” rating to a “b-” rating in a Monday, March 21 research report. Finally, Morgan Stanley cut its price target on American Assets Trust from $35.00 to $34.50 and set an “equal weight” rating on the stock in a report on Monday. Four equity research analysts gave the stock a hold rating and one issued a buy rating for the company’s stock. Based on MarketBeat data, American Assets Trust currently has an average rating of “Hold” and an average target price of $37.63.
NYSE:AAT shares traded down $0.30 during Friday’s trading, hitting $30.87. 195,180 shares of the company were traded, against an average volume of 271,716. The company has a market capitalization of $1.87 billion, a PE ratio of 48.24, a PEG ratio of 1.79 and a beta of 1.13. American Assets Trust has a 52-week low of $30.46 and a 52-week high of $40.83. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt ratio of 1.37. The company’s 50-day moving average is $34.62 and its two-hundred-day moving average is $35.85.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 23. Investors of record on Thursday, June 9 will receive a dividend of $0.32. This represents an annualized dividend of $1.28 and a yield of 4.15%. The ex-dividend date is Wednesday, June 8. American Assets Trust’s payout ratio is 200.00%.
In other news from American Assets Trust, CEO Ernest S. Rady acquired 10,000 shares of the company in a transaction that took place on Monday, June 6. The shares were acquired at an average price of $32.71 per share, for a total transaction of $327,100.00. Following the acquisition, the CEO now directly owns 2,147,816 shares of the company, valued at $70,255,061.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Also, CEO Ernest S. Rady bought 9,614 shares of American Assets Trust in a trade on Tuesday, May 3. The shares were acquired at an average cost of $35.37 per share, for a total transaction of $340,047.18. Following the completion of the acquisition, the CEO now directly owns 2,009,039 shares of the company, valued at $71,059,709.43. 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.
A number of hedge funds have recently changed their positions in AAT. CWM LLC increased its equity stake in American Assets Trust by 210.2% in Q1. CWM LLC now owns 698 shares of the real estate investment trust worth $26,000 after purchasing an additional 473 shares in the last quarter. Ellevest Inc. increased its stake in American Assets Trust to 97.6% during the first quarter. Ellevest Inc. now owns 727 shares of the real estate investment trust worth $28,000 after acquiring 359 additional shares in the last quarter. Marshall Wace North America LP increased its stake in American Assets Trust by 32.9% during the first quarter. Marshall Wace North America LP now owns 1,211 shares of the real estate investment trust worth $56,000 after acquiring 300 additional shares in the last quarter. Quadrant Capital Group LLC increased its stake in American Assets Trust by 68.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,726 shares of the real estate investment trust worth $65,000 after acquiring an additional 700 shares in the last quarter. Finally, US Asset Management LLC bought a new position in American Assets Trust during the first quarter worth $69,000. Institutional investors and hedge funds own 94.83% of the company’s shares.
About American Assets Trust (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.
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in American Assets Trust right now?
Before you consider American Assets Trust, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes over…and American Assets Trust was not on the list.
While American Assets Trust currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here