American Assets Trust, Inc (AAT) to Release Quarterly Earnings on Monday
American Assets Trust, Inc (NYSE:AAT) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.22 per share for the quarter.
American Assets Trust (NYSE:AAT) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.01). American Assets Trust had a net margin of 9.84% and a return on equity of 2.64%. The firm had revenue of $77.11 million during the quarter. On average, analysts expect American Assets Trust to post $2.02 EPS for the current fiscal year and $2.22 EPS for the next fiscal year.
Shares of American Assets Trust, Inc (AAT) opened at 39.07 on Monday. The company has a market capitalization of $1.84 billion, a P/E ratio of 59.38 and a beta of 0.51. American Assets Trust, Inc has a one year low of $37.54 and a one year high of $44.83. The stock has a 50 day moving average price of $40.41 and a 200-day moving average price of $40.55.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th were given a $0.26 dividend. The ex-dividend date was Wednesday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.66%. American Assets Trust’s dividend payout ratio is currently 157.58%.
A number of analysts have commented on AAT shares. BidaskClub upgraded American Assets Trust from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Zacks Investment Research upgraded American Assets Trust from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Thursday, August 31st. Finally, TheStreet downgraded American Assets Trust from a “b-” rating to a “c+” rating in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. American Assets Trust has an average rating of “Hold” and an average target price of $46.33.
In related news, CEO Ernest S. Rady bought 46,508 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was acquired at an average cost of $40.00 per share, with a total value of $1,860,320.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ernest S. Rady bought 17,379 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was bought at an average cost of $40.11 per share, with a total value of $697,071.69. The disclosure for this purchase can be found here. Over the last three months, insiders bought 424,319 shares of company stock valued at $17,117,491. 34.15% of the stock is currently owned by insiders.
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About American Assets Trust
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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