American Assets Trust, Inc. (NYSE:AAT) announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.01, Bloomberg Earnings reports. American Assets Trust had a net margin of 10.93% and a return on equity of 3.94%. The business had revenue of $77.11 million for the quarter.
Shares of American Assets Trust (NYSE AAT) traded down 0.70% during mid-day trading on Friday, hitting $39.77. 370,255 shares of the company traded hands. The firm has a 50-day moving average price of $39.88 and a 200 day moving average price of $41.35. American Assets Trust has a 52-week low of $37.54 and a 52-week high of $46.02. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 60.44 and a beta of 0.52.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Wednesday, September 13th. American Assets Trust’s dividend payout ratio (DPR) is 157.58%.
Several equities analysts have recently commented on AAT shares. Zacks Investment Research raised shares of American Assets Trust from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Friday, July 14th. BidaskClub cut shares of American Assets Trust from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Finally, TheStreet cut shares of American Assets Trust from a “b-” rating to a “c+” rating in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $46.00.
In related news, CEO Ernest S. Rady bought 47,976 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were bought at an average price of $38.55 per share, for a total transaction of $1,849,474.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ernest S. Rady bought 39,056 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was bought at an average price of $39.40 per share, for a total transaction of $1,538,806.40. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 653,834 shares of company stock worth $25,911,886. 34.15% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Perigon Wealth Management LLC bought a new position in American Assets Trust during the first quarter worth $105,000. LS Investment Advisors LLC raised its position in American Assets Trust by 75.0% in the first quarter. LS Investment Advisors LLC now owns 2,531 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 1,085 shares in the last quarter. Advisor Group Inc. raised its position in American Assets Trust by 19.7% in the second quarter. Advisor Group Inc. now owns 2,663 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 439 shares in the last quarter. Elkfork Partners LLC raised its position in American Assets Trust by 10.8% in the first quarter. Elkfork Partners LLC now owns 2,884 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 280 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of American Assets Trust by 39.1% in the first quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 900 shares during the last quarter. Institutional investors own 99.84% of the company’s stock.
American Assets Trust Company Profile
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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