Zacks: Analysts Expect American Assets Trust (AAT) Will Post Earnings of $0.50 Per Share

Equities analysts predict that American Assets Trust (NYSE:AAT) will post earnings per share of $0.50 for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for American Assets Trust’s earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.49. American Assets Trust reported earnings per share of $0.44 during the same quarter last year, which would indicate a positive year over year growth rate of 13.6%. The company is expected to announce its next quarterly earnings results on Tuesday, May 1st.

According to Zacks, 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 fiscal year, analysts forecast that the firm will report earnings of $2.16 per share, with EPS estimates ranging from $2.11 to $2.20. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for American Assets Trust.

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American Assets Trust (NYSE:AAT) last posted its quarterly earnings results 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 firm had revenue of $81.75 million for the quarter.

A number of research firms have issued reports on AAT. Morgan Stanley raised American Assets Trust from an “equal” rating to a “weight” rating and set a $37.00 price target for the company in a research report on Tuesday, March 27th. Zacks Investment Research raised American Assets Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Mizuho raised American Assets Trust from a “neutral” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Thursday, February 22nd. Royal Bank of Canada set a $44.00 price target on American Assets Trust and gave the company a “buy” rating in a research report on Saturday, February 17th. Finally, Bank of America downgraded American Assets Trust from a “neutral” rating to an “underperform” rating and set a $35.00 price target for the company. in a research report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $41.00.

AAT stock traded up $0.14 during trading on Friday, reaching $33.71. 160,933 shares of the stock traded hands, compared to its average volume of 379,921. American Assets Trust has a 52-week low of $30.62 and a 52-week high of $44.83. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.57. The company has a market cap of $1,584.66, a PE ratio of 17.56, a price-to-earnings-growth ratio of 3.11 and a beta of 0.41.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Wednesday, March 14th. American Assets Trust’s dividend payout ratio is presently 56.25%.

In related news, CEO Ernest S. Rady acquired 105,101 shares of American Assets Trust stock in a transaction on Friday, February 23rd. The shares were bought at an average price of $32.65 per share, for a total transaction of $3,431,547.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ernest S. Rady acquired 259,583 shares of American Assets Trust stock in a transaction on Wednesday, March 14th. The shares were bought at an average price of $32.95 per share, for a total transaction of $8,553,259.85. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 864,929 shares of company stock worth $28,061,530. 34.15% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of AAT. Russell Investments Group Ltd. lifted its stake in shares of American Assets Trust by 14.2% during the third quarter. Russell Investments Group Ltd. now owns 47,228 shares of the real estate investment trust’s stock worth $1,878,000 after purchasing an additional 5,865 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of American Assets Trust by 154.1% during the third quarter. SG Americas Securities LLC now owns 9,786 shares of the real estate investment trust’s stock worth $389,000 after purchasing an additional 5,935 shares in the last quarter. American International Group Inc. lifted its stake in shares of American Assets Trust by 5.7% during the third quarter. American International Group Inc. now owns 32,119 shares of the real estate investment trust’s stock worth $1,277,000 after purchasing an additional 1,732 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of American Assets Trust by 7.1% during the third quarter. Legal & General Group Plc now owns 177,283 shares of the real estate investment trust’s stock worth $7,051,000 after purchasing an additional 11,680 shares in the last quarter. Finally, Schroder Investment Management Group acquired a new position in shares of American Assets Trust during the third quarter worth about $204,000. Institutional investors own 99.11% of the company’s stock.

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About American Assets Trust

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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