Analysts expect that American Assets Trust, Inc. (NYSE:AAT – Get Rating) will report $99.23 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for American Assets Trust’s earnings, with the highest sales estimate coming in at $100.63 million and the lowest estimate coming in at $97.82 million. American Assets Trust reported sales of $91.81 million in the same quarter last year, which indicates a positive year over year growth rate of 8.1%. The company is scheduled to announce its next earnings report on Monday, January 1st.
On average, analysts expect that American Assets Trust will report full-year sales of $401.35 million for the current financial year, with estimates ranging from $396.98 million to $405.71 million. For the next year, analysts expect that the firm will post sales of $415.48 million, with estimates ranging from $412.84 million to $418.11 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover American Assets Trust.
American Assets Trust (NYSE:AAT – Get Rating) last issued its quarterly earnings data on Tuesday, April 26th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). American Assets Trust had a return on equity of 3.10% and a net margin of 9.57%. During the same period in the previous year, the business earned $0.38 earnings per share.
Shares of American Assets Trust stock opened at $31.69 on Monday. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 49.52, a PEG ratio of 2.03 and a beta of 1.13. American Assets Trust has a fifty-two week low of $30.97 and a fifty-two week high of $40.83. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.43 and a current ratio of 2.43. The stock has a 50 day moving average of $35.74 and a 200 day moving average of $36.38.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 23rd. Shareholders of record on Thursday, June 9th will be paid a $0.32 dividend. The ex-dividend date is Wednesday, June 8th. This represents a $1.28 annualized dividend and a dividend yield of 4.04%. American Assets Trust’s dividend payout ratio (DPR) is currently 200.00%.
In related news, CEO Ernest S. Rady purchased 3,471 shares of the business’s stock in a transaction dated Thursday, February 24th. The stock was bought at an average cost of $34.90 per share, with a total value of $121,137.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ernest S. Rady purchased 10,000 shares of the business’s stock in a transaction dated Thursday, May 12th. The stock was bought at an average cost of $32.00 per share, with a total value of $320,000.00. Following the completion of the acquisition, the chief executive officer now owns 2,066,619 shares of the company’s stock, valued at $66,131,808. The disclosure for this purchase can be found here. Insiders acquired a total of 85,123 shares of company stock worth $2,916,744 over the last quarter. Company insiders own 34.38% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AAT. Goldman Sachs Group Inc. raised its holdings in shares of American Assets Trust by 289.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 662,031 shares of the real estate investment trust’s stock worth $24,847,000 after acquiring an additional 491,842 shares during the last quarter. Norges Bank acquired a new position in shares of American Assets Trust in the fourth quarter worth $18,247,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of American Assets Trust by 217.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 654,924 shares of the real estate investment trust’s stock worth $24,507,000 after acquiring an additional 448,565 shares during the last quarter. BlackRock Inc. increased its stake in American Assets Trust by 4.1% in the fourth quarter. BlackRock Inc. now owns 9,638,363 shares of the real estate investment trust’s stock valued at $361,725,000 after purchasing an additional 378,845 shares during the last quarter. Finally, State Street Corp increased its stake in American Assets Trust by 12.1% in the first quarter. State Street Corp now owns 3,154,555 shares of the real estate investment trust’s stock valued at $119,526,000 after purchasing an additional 339,960 shares during the last quarter. 94.83% of the stock is owned by institutional investors.
About American Assets Trust (Get Rating)
American Assets Trust, Inc 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 office, retail, 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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