American Assets Trust, Inc (AAT) Expected to Announce Earnings of $0.50 Per Share
Wall Street brokerages expect American Assets Trust, Inc (NYSE:AAT) to announce earnings per share (EPS) of $0.50 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for American Assets Trust’s earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.51. American Assets Trust reported earnings per share of $0.44 during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.6%. The company is scheduled to issue its next quarterly earnings results on Tuesday, May 1st.
On average, analysts expect that American Assets Trust will report full year earnings of $2.05 per share for the current year, with EPS estimates ranging from $2.03 to $2.07. For the next financial year, analysts forecast that the company will post earnings of $2.16 per share, with EPS estimates ranging from $2.10 to $2.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover American Assets Trust.
American Assets Trust (NYSE:AAT) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). American Assets Trust had a net margin of 10.16% and a return on equity of 3.76%. The business had revenue of $81.75 million during the quarter.
In related news, CEO Ernest S. Rady acquired 2,334 shares of American Assets Trust stock in a transaction on Wednesday, December 13th. The stock was purchased at an average cost of $39.23 per share, with a total value of $91,562.82. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernest S. Rady acquired 15,034 shares of American Assets Trust stock in a transaction on Friday, December 8th. The shares were bought at an average cost of $38.47 per share, with a total value of $578,357.98. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 449,375 shares of company stock valued at $14,830,641. Company insiders own 34.15% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Schroder Investment Management Group bought a new position in American Assets Trust during the third quarter worth $204,000. Koch Industries Inc. bought a new position in American Assets Trust during the fourth quarter worth $206,000. Stifel Financial Corp bought a new position in American Assets Trust during the third quarter worth $222,000. Landscape Capital Management L.L.C. bought a new position in American Assets Trust during the fourth quarter worth $245,000. Finally, Stevens Capital Management LP bought a new position in American Assets Trust during the third quarter worth $265,000. 97.86% of the stock is owned by hedge funds and other institutional investors.
Shares of American Assets Trust (NYSE:AAT) opened at $31.76 on Monday. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.57. American Assets Trust has a fifty-two week low of $30.62 and a fifty-two week high of $44.83. The stock has a market cap of $1,499.22, a P/E ratio of 51.23, a PEG ratio of 2.94 and a beta of 0.49.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.08 dividend on an annualized basis and a yield of 3.40%. American Assets Trust’s dividend payout ratio (DPR) is 174.19%.
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 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.