Analysts Anticipate American Assets Trust, Inc. (AAT) Will Post Earnings of $0.53 Per Share
Equities research analysts expect American Assets Trust, Inc. (NYSE:AAT) to post earnings per share of $0.53 for the current quarter, according to Zacks. Zero analysts have made estimates for American Assets Trust’s earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.54. American Assets Trust reported earnings per share of $0.19 in the same quarter last year, which indicates a positive year over year growth rate of 178.9%. The company is expected to issue its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that American Assets Trust will report full year earnings of $2.01 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $2.02. For the next financial year, analysts anticipate that the business will report earnings of $2.22 per share, with EPS estimates ranging from $2.19 to $2.24. Zacks’ EPS averages are an average based on a survey of research analysts that cover American Assets Trust.
American Assets Trust (NYSE:AAT) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $77.11 million during the quarter. American Assets Trust had a net margin of 10.93% and a return on equity of 3.94%.
AAT has been the subject of several recent research reports. Zacks Investment Research raised shares of American Assets Trust from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Friday, July 14th. BidaskClub raised shares of American Assets Trust from a “strong sell” rating to a “sell” rating in a report on Thursday, June 15th. Finally, TheStreet downgraded shares of American Assets Trust from a “b-” rating to a “c+” rating in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. American Assets Trust presently has an average rating of “Hold” and an average target price of $46.00.
Shares of American Assets Trust (AAT) traded down 1.04% on Friday, hitting $39.85. 365,366 shares of the company were exchanged. American Assets Trust has a 52-week low of $37.54 and a 52-week high of $45.50. The company has a 50-day moving average price of $39.94 and a 200 day moving average price of $41.26. The firm has a market cap of $1.88 billion, a P/E ratio of 60.56 and a beta of 0.52.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.61%. American Assets Trust’s dividend payout ratio is currently 157.58%.
ILLEGAL ACTIVITY WARNING: “Analysts Anticipate American Assets Trust, Inc. (AAT) Will Post Earnings of $0.53 Per Share” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/08/19/analysts-anticipate-american-assets-trust-inc-aat-will-post-earnings-of-0-53-per-share.html.
In other American Assets Trust news, CEO Ernest S. Rady bought 39,043 shares of the stock in a transaction on Monday, May 22nd. The shares were bought at an average price of $39.32 per share, with a total value of $1,535,170.76. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ernest S. Rady bought 31,381 shares of the stock in a transaction on Tuesday, May 23rd. The shares were acquired at an average cost of $39.08 per share, for a total transaction of $1,226,369.48. The disclosure for this purchase can be found here. Insiders purchased a total of 620,994 shares of company stock worth $24,759,267 in the last three months. 34.15% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Macquarie Group Ltd. purchased a new stake in shares of American Assets Trust during the fourth quarter valued at about $595,000. Louisiana State Employees Retirement System raised its position in shares of American Assets Trust by 3.1% in the first quarter. Louisiana State Employees Retirement System now owns 16,600 shares of the real estate investment trust’s stock worth $695,000 after buying an additional 500 shares during the period. Russell Investments Group Ltd. raised its position in shares of American Assets Trust by 30.9% in the first quarter. Russell Investments Group Ltd. now owns 28,491 shares of the real estate investment trust’s stock worth $1,192,000 after buying an additional 6,728 shares during the period. Wells Fargo & Company MN raised its position in shares of American Assets Trust by 15.2% in the first quarter. Wells Fargo & Company MN now owns 283,393 shares of the real estate investment trust’s stock worth $11,858,000 after buying an additional 37,482 shares during the period. Finally, Bowling Portfolio Management LLC raised its position in shares of American Assets Trust by 12.0% in the first quarter. Bowling Portfolio Management LLC now owns 9,810 shares of the real estate investment trust’s stock worth $410,000 after buying an additional 1,053 shares during the period. Institutional investors and hedge funds own 99.36% 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
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.