American Assets Trust, Inc. (AAT) Scheduled to Post Earnings on Tuesday
American Assets Trust, Inc. (NYSE:AAT) will be posting its quarterly earnings results after the market closes on Tuesday, August 1st. Analysts expect American Assets Trust to post earnings of $0.17 per share for the quarter.
Shares of American Assets Trust, Inc. (NYSE AAT) opened at 39.79 on Tuesday. The company has a market cap of $1.87 billion, a P/E ratio of 56.12 and a beta of 0.52. The stock’s 50 day moving average price is $39.84 and its 200-day moving average price is $41.68. American Assets Trust, Inc. has a 52-week low of $37.54 and a 52-week high of $46.38.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 29th. Investors of record on Thursday, June 15th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend was Tuesday, June 13th. American Assets Trust’s dividend payout ratio (DPR) is 146.48%.
Several research firms recently weighed in on AAT. Zacks Investment Research raised American Assets Trust from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Friday, July 14th. BidaskClub raised American Assets Trust from a “strong sell” rating to a “sell” rating in a report on Thursday, June 15th. Finally, Canaccord Genuity raised their price objective on American Assets Trust from $48.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, April 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $47.75.
In other American Assets Trust news, CEO Ernest S. Rady acquired 3,321 shares of the stock in a transaction dated Monday, June 12th. The stock was purchased at an average cost of $40.97 per share, with a total value of $136,061.37. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ernest S. Rady acquired 47,976 shares of the stock in a transaction dated Wednesday, May 17th. The stock was acquired at an average cost of $38.55 per share, with a total value of $1,849,474.80. The disclosure for this purchase can be found here. Over the last three months, insiders bought 537,169 shares of company stock valued at $21,234,402. Corporate insiders own 34.15% 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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