American Assets Trust (AAT) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

American Assets Trust (NYSE:AAT) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.02), Yahoo Finance reports. The company had revenue of $81.75 million during the quarter. American Assets Trust had a net margin of 10.90% and a return on equity of 3.97%.

American Assets Trust (AAT) opened at $32.98 on Wednesday. American Assets Trust has a 1-year low of $31.46 and a 1-year high of $44.83. The company has a market cap of $1,537.31, a price-to-earnings ratio of 49.97, a P/E/G ratio of 2.77 and a beta of 0.40. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 1.56.

AAT has been the subject of several research analyst reports. Zacks Investment Research cut shares of American Assets Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Bank of America cut shares of American Assets Trust from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a report on Thursday, November 2nd. Finally, Mizuho reiterated a “hold” rating and issued a $40.00 price target on shares of American Assets Trust in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. American Assets Trust presently has an average rating of “Hold” and a consensus target price of $44.00.

In other American Assets Trust news, CEO Ernest S. Rady bought 15,034 shares of American Assets Trust stock in a transaction that occurred on Friday, December 8th. The stock was acquired at an average price of $38.47 per share, for a total transaction of $578,357.98. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernest S. Rady bought 27,673 shares of American Assets Trust stock in a transaction that occurred on Wednesday, December 6th. The shares were acquired at an average price of $38.73 per share, with a total value of $1,071,775.29. The disclosure for this purchase can be found here. Insiders have purchased 156,554 shares of company stock valued at $6,121,031 in the last 90 days. 34.15% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: “American Assets Trust (AAT) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2018/02/14/american-assets-trust-aat-posts-quarterly-earnings-results-misses-estimates-by-0-02-eps.html.

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.

Earnings History for American Assets Trust (NYSE:AAT)

Receive News & Ratings for American Assets Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Assets Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply