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%.
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.
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