Analysts Set Expectations for American Assets Trust, Inc’s Q3 2019 Earnings (NYSE:AAT)

American Assets Trust, Inc (NYSE:AAT) – Investment analysts at KeyCorp boosted their Q3 2019 EPS estimates for shares of American Assets Trust in a research note issued to investors on Monday, June 10th. KeyCorp analyst T. Thomas now expects that the real estate investment trust will earn $0.57 per share for the quarter, up from their previous estimate of $0.56. KeyCorp also issued estimates for American Assets Trust’s Q4 2019 earnings at $0.59 EPS, Q1 2020 earnings at $0.60 EPS, Q2 2020 earnings at $0.61 EPS, Q3 2020 earnings at $0.62 EPS, Q4 2020 earnings at $0.63 EPS and FY2020 earnings at $2.47 EPS.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of American Assets Trust from a “buy” rating to a “hold” rating in a report on Friday, May 24th. JMP Securities raised shares of American Assets Trust from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 30th. TheStreet raised shares of American Assets Trust from a “c” rating to a “b-” rating in a research report on Wednesday, May 1st. Mizuho upped their target price on shares of American Assets Trust to $48.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of American Assets Trust in a research report on Thursday, March 7th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $46.00.

NYSE:AAT opened at $45.35 on Wednesday. American Assets Trust has a 52 week low of $35.37 and a 52 week high of $46.91. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.12 and a quick ratio of 2.12. The firm has a market cap of $2.24 billion, a P/E ratio of 21.70, a PEG ratio of 3.45 and a beta of 0.37.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.32). American Assets Trust had a net margin of 9.31% and a return on equity of 3.86%. The firm had revenue of $85.32 million for the quarter, compared to the consensus estimate of $82.06 million.

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in American Assets Trust by 2.2% in the 4th quarter. BlackRock Inc. now owns 6,641,382 shares of the real estate investment trust’s stock worth $266,783,000 after acquiring an additional 142,551 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of American Assets Trust by 0.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,803,281 shares of the real estate investment trust’s stock worth $72,438,000 after buying an additional 4,900 shares during the period. Prudential Financial Inc. raised its stake in shares of American Assets Trust by 1.4% during the 4th quarter. Prudential Financial Inc. now owns 1,038,873 shares of the real estate investment trust’s stock worth $41,732,000 after buying an additional 13,978 shares during the period. Weiss Multi Strategy Advisers LLC raised its stake in shares of American Assets Trust by 49.6% during the 4th quarter. Weiss Multi Strategy Advisers LLC now owns 709,940 shares of the real estate investment trust’s stock worth $28,518,000 after buying an additional 235,440 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of American Assets Trust by 5.6% during the 1st quarter. Wellington Management Group LLP now owns 690,884 shares of the real estate investment trust’s stock worth $31,684,000 after buying an additional 36,696 shares during the period. Institutional investors own 94.86% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Wednesday, June 12th. American Assets Trust’s payout ratio is 53.59%.

American Assets Trust Company Profile

American Assets Trust, Inc (the “company”) is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier retail, office and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Oregon, Washington, Texas and Hawaii.

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Earnings History and Estimates for American Assets Trust (NYSE:AAT)

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