American Assets Trust (AAT) Scheduled to Post Earnings on Tuesday

American Assets Trust (NYSE:AAT) is set to post its quarterly earnings results after the market closes on Tuesday, October 26th. Analysts expect American Assets Trust to post earnings of $0.50 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

American Assets Trust (NYSE:AAT) last posted its earnings results on Monday, July 26th. The real estate investment trust reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.04. American Assets Trust had a net margin of 5.31% and a return on equity of 1.46%. On average, analysts expect American Assets Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

AAT stock opened at $39.22 on Friday. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 130.73, a P/E/G ratio of 2.80 and a beta of 1.25. American Assets Trust has a 12 month low of $20.73 and a 12 month high of $40.62. The firm has a 50 day moving average of $38.67 and a two-hundred day moving average of $36.98. The company has a quick ratio of 5.66, a current ratio of 5.66 and a debt-to-equity ratio of 1.35.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 23rd. Stockholders of record on Thursday, September 9th were paid a dividend of $0.30 per share. This is a boost from American Assets Trust’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Wednesday, September 8th. American Assets Trust’s dividend payout ratio (DPR) is currently 63.49%.

In related news, CEO Ernest S. Rady acquired 801 shares of American Assets Trust stock in a transaction on Wednesday, August 11th. The stock was purchased at an average cost of $37.80 per share, with a total value of $30,277.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernest S. Rady acquired 4,210 shares of American Assets Trust stock in a transaction on Tuesday, September 14th. The shares were bought at an average cost of $38.99 per share, with a total value of $164,147.90. The disclosure for this purchase can be found here. Insiders purchased 72,240 shares of company stock valued at $2,722,898 over the last three months. 33.67% of the stock is owned by company insiders.

An institutional investor recently raised its position in American Assets Trust stock. Morgan Stanley boosted its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 50.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 319,667 shares of the real estate investment trust’s stock after purchasing an additional 106,796 shares during the quarter. Morgan Stanley owned about 0.53% of American Assets Trust worth $11,920,000 at the end of the most recent reporting period. 94.01% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on AAT shares. Zacks Investment Research cut shares of American Assets Trust from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 30th. Morgan Stanley raised their target price on shares of American Assets Trust from $36.00 to $38.50 and gave the company an “equal weight” rating in a research note on Friday, August 27th.

About American Assets Trust

American Assets Trust, Inc is a real estate investment trust. It owns, operates, acquires, and develops retail shopping centers; office properties; mixed-use properties; and multifamily properties. The company operates through the following business segments: Retail, Office, Multifamily, and Mixed-Use.

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Earnings History for American Assets Trust (NYSE:AAT)

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