American Assets Trust, Inc. (AAT) Releases Quarterly Earnings Results

American Assets Trust, Inc. (NYSE:AAT) released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by $0.01, Bloomberg Earnings reports. The firm had revenue of $77.11 million for the quarter. American Assets Trust had a return on equity of 3.94% and a net margin of 10.93%.

Shares of American Assets Trust (NYSE AAT) traded down 0.70% during trading on Friday, reaching $39.77. The company had a trading volume of 370,255 shares. The company has a 50 day moving average of $39.88 and a 200-day moving average of $41.35. American Assets Trust has a 52-week low of $37.54 and a 52-week high of $45.50. The firm has a market capitalization of $1.87 billion, a P/E ratio of 60.44 and a beta of 0.52.

The business also recently declared 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. The ex-dividend date is Wednesday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.62%. American Assets Trust’s dividend payout ratio is currently 157.58%.

In related news, CEO Ernest S. Rady acquired 98,151 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was acquired at an average price of $39.34 per share, for a total transaction of $3,861,260.34. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernest S. Rady acquired 3,321 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was bought at an average price of $40.97 per share, with a total value of $136,061.37. The disclosure for this purchase can be found here. Insiders purchased 653,834 shares of company stock valued at $25,911,886 in the last quarter. 34.15% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in shares of American Assets Trust by 30.9% in the first quarter. Russell Investments Group Ltd. now owns 28,491 shares of the real estate investment trust’s stock valued at $1,192,000 after buying an additional 6,728 shares during the period. Bowling Portfolio Management LLC increased its stake in shares of American Assets Trust by 12.0% in the first quarter. Bowling Portfolio Management LLC now owns 9,810 shares of the real estate investment trust’s stock valued at $410,000 after buying an additional 1,053 shares during the period. BlackRock Inc. increased its stake in shares of American Assets Trust by 9,426.3% in the first quarter. BlackRock Inc. now owns 5,711,691 shares of the real estate investment trust’s stock valued at $238,976,000 after buying an additional 5,651,734 shares during the period. Mason Street Advisors LLC increased its stake in shares of American Assets Trust by 8.9% in the first quarter. Mason Street Advisors LLC now owns 9,554 shares of the real estate investment trust’s stock valued at $400,000 after buying an additional 777 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of American Assets Trust by 55.6% in the first quarter. Goldman Sachs Group Inc. now owns 126,391 shares of the real estate investment trust’s stock valued at $5,288,000 after buying an additional 45,151 shares during the period. Institutional investors own 99.84% of the company’s stock.

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AAT has been the topic of a number of research analyst reports. BidaskClub lowered American Assets Trust from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. TheStreet lowered American Assets Trust from a “b-” rating to a “c+” rating in a report on Wednesday, July 26th. Finally, Zacks Investment Research raised American Assets Trust from a “sell” rating to a “hold” rating in a report on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $46.00.

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.

Earnings History for American Assets Trust (NYSE:AAT)

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