American Asset Trust (NYSE:AAT – Get a rating) will release its quarterly earnings data after the market closes on Tuesday, April 26. Analysts expect the company to report earnings of $0.52 per share for the quarter. American Assets Trust set its guidance for fiscal year 2022 at $2,090-$2,170 EPS. Parties wishing to register for the Company’s conference call may do so using this link.
American Asset Trust (NYSE:AAT – Get a rating) last reported results on Tuesday, February 8. The real estate investment trust reported EPS of $0.14 for the quarter, beating analyst consensus estimates of $0.12 by $0.02. American Assets Trust had a net margin of 7.55% and a return on equity of 2.32%. During the same quarter of the previous year, the company achieved EPS of $0.41. On average, analysts expect American Assets Trust to post EPS of $2 for the current fiscal year and EPS of $2 for the next fiscal year.
AAT opened at $35.82 on Tuesday. The stock has a market capitalization of $2.17 billion, a PE ratio of 74.21, a P/E/G ratio of 2.32 and a beta of 1.18. The company’s fifty-day moving average price is $36.53 and its 200-day moving average price is $37.08. The company has a debt ratio of 1.37, a current ratio of 3.56 and a quick ratio of 3.56. American Assets Trust has a 12-month low of $33.23 and a 12-month high of $40.83.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 24. Shareholders of record on Thursday, March 10 received a dividend of $0.32 per share. This is a positive change from American Assets Trust’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, March 9. This represents an annualized dividend of $1.28 and a yield of 3.57%. American Assets Trust’s payout ratio is currently 266.67%.
Separately, CEO Ernest S. Rady purchased 7,238 shares in a trade dated Monday, March 14. The stock was purchased at an average cost of $35.98 per share, with a total value of $260,423.24. The purchase was disclosed in an SEC filing, which is available via this hyperlink. Also, CEO Ernest S. Rady purchased 3,104 shares in a trade dated Thursday, February 17. The stock was purchased at an average cost of $36.73 per share, with a total value of $114,009.92. Disclosure of this purchase can be found here. Insiders have purchased 38,613 shares of the company valued at $1,381,507 over the past ninety days. 33.67% of the shares are currently held by insiders of the company.
Several hedge funds and other institutional investors have recently increased or reduced their stake in the company. BlackRock Inc. increased its position in American Assets Trust by 4.1% during the 4th quarter. BlackRock Inc. now owns 9,638,363 shares of the real estate investment trust worth $361,725,000 after purchasing an additional 378,845 shares during the period. Goldman Sachs Group Inc. increased its stake in 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 worth $24,847,000 after buying an additional 491,842 shares last quarter. Allianz Asset Management GmbH increased its stake in American Assets Trust by 29.5% in the fourth quarter. Allianz Asset Management GmbH now owns 349,700 shares of the real estate investment trust valued at $13,124,000 after buying an additional 79,700 shares last quarter. Morgan Stanley increased its stake in shares of American Assets Trust by 50.2% during the second quarter. Morgan Stanley now owns 319,667 shares of the real estate investment trust worth $11,920,000 after buying an additional 106,796 shares last quarter. Finally, California State Teachers Retirement System increased its stake in American Assets Trust shares by 1.7% during the fourth quarter. California State Teachers Retirement System now owns 70,639 shares of the real estate investment trust valued at $2,651,000 after buying 1,174 additional shares in the last quarter. 94.66% of the shares are held by institutional investors.
A number of stock analysts have recently released reports on AAT shares. TheStreet upgraded shares of American Assets Trust from a “c” rating to a “b-” rating in a Monday, March 21 research report. Zacks Investment Research upgraded American Assets Trust shares from a “sell” to a “hold” rating in a Wednesday, March 23 research note. StockNews.com began covering American Assets Trust stocks in a research report on Thursday, March 31. They issued a “maintaining” rating for the company. Mizuho cut its price target on American Assets Trust shares from $40.00 to $37.00 and set a “neutral” rating for the company in a Tuesday, Feb. 15 research report. Finally, Morgan Stanley lowered its price target on American Assets Trust from $37.00 to $35.00 and set an “equal weight” rating on the stock in a Monday, March 21 report. Four investment analysts gave the stock a hold rating and one gave the stock a buy rating. According to MarketBeat.com, American Assets Trust currently has a consensus rating of “Hold” and a consensus target price of $39.25.
American Assets Trust Company Profile (Get a rating)
American Assets Trust, Inc is a full-service, vertically integrated, self-administered real estate investment trust or REIT, headquartered in San Diego, California. The company has more than 50 years of experience acquiring, improving, developing and managing prime office, retail and residential properties across the United States in some of the world’s toughest markets. most dynamic and difficult to access in the country, mainly in southern California, northern California, Oregon, Washington, Texas and Hawaii.
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