KeyCorp Weighs in on American Assets Trust, Inc.’s FY2017 Earnings (AAT)

American Assets Trust, Inc. (NYSE:AAT) – Research analysts at KeyCorp issued their FY2017 earnings estimates for American Assets Trust in a report released on Thursday. KeyCorp analyst T. Thomas forecasts that the real estate investment trust will post earnings per share of $1.99 for the year. KeyCorp also issued estimates for American Assets Trust’s Q4 2017 earnings at $0.53 EPS, Q1 2018 earnings at $0.51 EPS and FY2018 earnings at $2.07 EPS.

Several other equities analysts also recently issued reports on the stock. Mizuho reissued a “hold” rating and set a $40.00 price target on shares of American Assets Trust in a report on Friday, November 10th. Bank of America downgraded shares of American Assets Trust from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a report on Thursday, November 2nd. Finally, Zacks Investment Research downgraded shares of American Assets Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $44.00.

American Assets Trust (NYSE AAT) opened at $36.04 on Monday. American Assets Trust has a 1-year low of $35.82 and a 1-year high of $44.83. The stock has a market cap of $1,698.49, a price-to-earnings ratio of 54.61, a PEG ratio of 3.08 and a beta of 0.52. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 1.56.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.35). American Assets Trust had a net margin of 10.90% and a return on equity of 3.97%.

A number of hedge funds have recently bought and sold shares of the stock. American Assets Inc. lifted its holdings in American Assets Trust by 5.8% in the third quarter. American Assets Inc. now owns 6,225,262 shares of the real estate investment trust’s stock worth $247,579,000 after purchasing an additional 342,421 shares during the period. Vanguard Group Inc. lifted its holdings in American Assets Trust by 1.6% in the second quarter. Vanguard Group Inc. now owns 6,125,529 shares of the real estate investment trust’s stock worth $241,285,000 after purchasing an additional 94,077 shares during the period. BlackRock Inc. lifted its holdings in American Assets Trust by 3.6% in the second quarter. BlackRock Inc. now owns 5,914,797 shares of the real estate investment trust’s stock worth $232,982,000 after purchasing an additional 203,106 shares during the period. Boston Partners raised its position in American Assets Trust by 0.3% in the third quarter. Boston Partners now owns 2,261,530 shares of the real estate investment trust’s stock worth $89,941,000 after acquiring an additional 7,364 shares in the last quarter. Finally, State Street Corp raised its position in American Assets Trust by 2.6% in the second quarter. State Street Corp now owns 1,549,111 shares of the real estate investment trust’s stock worth $61,019,000 after acquiring an additional 38,719 shares in the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Ernest S. Rady acquired 85,155 shares of American Assets Trust stock in a transaction that occurred on Wednesday, November 8th. The stock was acquired at an average price of $38.84 per share, with a total value of $3,307,420.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ernest S. Rady acquired 5,825 shares of American Assets Trust stock in a transaction that occurred on Friday, November 17th. The stock was bought at an average cost of $39.46 per share, with a total value of $229,854.50. The disclosure for this purchase can be found here. Insiders purchased 267,939 shares of company stock valued at $10,441,454 in the last ninety days. Corporate insiders own 34.15% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th were issued a dividend of $0.27 per share. This is an increase from American Assets Trust’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, December 6th. This represents a $1.08 annualized dividend and a dividend yield of 3.00%. American Assets Trust’s payout ratio is 163.64%.

TRADEMARK VIOLATION NOTICE: “KeyCorp Weighs in on American Assets Trust, Inc.’s FY2017 Earnings (AAT)” was reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The correct version of this report can be accessed at https://www.truebluetribune.com/2018/01/15/keycorp-weighs-in-on-american-assets-trust-inc-s-fy2017-earnings-aat.html.

About American Assets Trust

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.

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.

Latest News

Leave a Reply