Friday, June 10 2022

Wall Street brokers predict that American Assets Trust, Inc. (NYSE:AAT – Get a rating) will report earnings per share of $0.53 for the current fiscal quarter, according to Zacks Investment Research. Two analysts released earnings estimates for American Assets Trust, with the lowest EPS estimate of $0.52 and the highest estimate of $0.54. American Assets Trust posted earnings per share of $0.38 in the same quarter last year, suggesting a positive year-over-year growth rate of 39.5%. The company is due to release its next quarterly earnings report on Tuesday, April 26.

On average, analysts expect American Assets Trust to report annual earnings of $2.16 per share for the current fiscal year, with EPS estimates ranging from $2.14 to $2.18. For next year, analysts expect the company to post earnings of $2.30 per share, with EPS estimates ranging from $2.27 to $2.32. Zacks earnings per share averages are an average average based on a survey of sales analysts who cover American Assets Trust.

American Assets Trust (NYSE: AAT – Get a rating) last released its quarterly earnings data on Tuesday, February 8. The real estate investment trust reported earnings per share of $0.14 for the quarter, beating the consensus estimate of $0.12 by $0.02. American Assets Trust had a net margin of 7.55% and a return on equity of 2.32%. During the same period last year, the company posted earnings per share of $0.41.

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Several analysts have recently released reports on the stock. Mizuho cut its price target on American Assets Trust shares from $40.00 to $37.00 and set a “neutral” rating for the company in a Tuesday, February 15 research report. Zacks Investment Research downgraded shares of American Assets Trust from a “hold” rating to a “sell” rating in a report on Friday, February 11.

NYSE AAT traded down $0.08 during Friday’s midday session, hitting $37.09. The company’s stock had a trading volume of 382,764 shares, compared to an average volume of 270,675. The company’s 50-day simple moving average is $36.42 and its 200-day simple moving average is 37 $.41. American Assets Trust has a 12-month low of $31.47 and a 12-month high of $40.83. The company has a current ratio of 3.56, a quick ratio of 3.56 and a debt ratio of 1.37. The company has a market capitalization of $2.24 billion, a price-earnings ratio of 77.27, a PEG ratio of 2.33 and a beta of 1.19.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 24. Shareholders of record on Thursday, March 10 will receive a dividend of $0.32 per share. This represents a dividend of $1.28 on an annualized basis and a dividend yield of 3.45%. The ex-date of this dividend is Wednesday, March 9. This is a positive change from American Assets Trust’s previous quarterly dividend of $0.30. American Assets Trust’s dividend payout ratio is 266.67%.

Separately, CEO Ernest S. Rady acquired 12,057 shares of the company in a transaction dated Wednesday, December 29. The shares were purchased at an average price of $36.48 per share, with a total value of $439,839.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC website. Additionally, CEO Ernest S. Rady acquired 17,107 shares of the company in a transaction dated Wednesday, December 22. The stock was purchased at an average cost of $36.15 per share, for a total transaction of $618,418.05. Disclosure of this purchase can be found here. Over the past three months, insiders have purchased 71,341 shares of the company valued at $2,567,849. Insiders hold 33.67% of the shares of the company.

Institutional investors have recently changed their positions in the company. Norges Bank bought a new position in American Assets Trust during Q4, valued at $18,247,000. Westwood Holdings Group Inc. bought a new stock position in American Assets Trust in Q4 for $7,466,000. BlackRock Inc. increased its position in American Assets Trust shares by 4.1% in the fourth quarter. BlackRock Inc. now owns 9,638,363 shares of the real estate investment trust worth $361,725,000 after acquiring an additional 378,845 shares in the last quarter. Vident Investment Advisory LLC increased its position in American Assets Trust by 2.4% during the 4th quarter. Vident Investment Advisory LLC now owns 44,630 shares of the real estate investment trust worth $1,674,000 after purchasing an additional 1,052 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in American Assets Trust by 289.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 662,031 shares of the real estate investment trust worth $24,847,000 after buying an additional 491,842 shares last quarter. Hedge funds and other institutional investors hold 94.66% of the company’s shares.

About American Assets Trust (Get a rating)

American Assets Trust, Inc is a real estate investment trust. It owns, operates, acquires and develops retail shopping centers; office buildings; mixed-use properties; and multi-family properties. The Company operates in the following business segments: retail, office, multi-family and mixed-use.

Further reading

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Earnings history and estimates for American Assets Trust (NYSE:AAT)

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