American Assets Trust, Inc. (NYSE:AAT – Get Rating) – Equities research analysts at KeyCorp increased their Q3 2022 EPS estimates for American Assets Trust in a report released on Monday, September 19th. KeyCorp analyst T. Thomas now expects that the real estate investment trust will post earnings of $0.57 per share for the quarter, up from their prior forecast of $0.56. KeyCorp has a "Sector Weight" rating on the stock. The consensus estimate for American Assets Trust's current full-year earnings is $2.24 per share. KeyCorp also issued estimates for American Assets Trust's Q4 2022 earnings at $0.56 EPS, FY2022 earnings at $2.28 EPS, Q1 2023 earnings at $0.59 EPS, Q2 2023 earnings at $0.59 EPS, Q3 2023 earnings at $0.60 EPS and FY2023 earnings at $2.36 EPS.
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A number of other research analysts have also recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of American Assets Trust from $25.50 to $28.00 and gave the company an "equal weight" rating in a research report on Monday, August 29th. TheStreet cut shares of American Assets Trust from a "b-" rating to a "c+" rating in a research report on Thursday, June 16th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $32.50.
American Assets Trust Trading Down 0.3 %
AAT stock opened at $27.12 on Wednesday. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.38. American Assets Trust has a twelve month low of $26.49 and a twelve month high of $40.83. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 40.48, a price-to-earnings-growth ratio of 1.53 and a beta of 1.11. The firm's fifty day simple moving average is $28.94 and its two-hundred day simple moving average is $32.17.
Institutional Trading of American Assets Trust
Hedge funds have recently added to or reduced their stakes in the business. CWM LLC lifted its stake in American Assets Trust by 210.2% in the first quarter. CWM LLC now owns 698 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 473 shares during the period. Ellevest Inc. lifted its stake in American Assets Trust by 97.6% in the first quarter. Ellevest Inc. now owns 727 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 359 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of American Assets Trust during the second quarter valued at about $42,000. Lazard Asset Management LLC lifted its position in shares of American Assets Trust by 207.6% during the second quarter. Lazard Asset Management LLC now owns 1,452 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 980 shares during the last quarter. Finally, US Asset Management LLC purchased a new stake in shares of American Assets Trust during the first quarter valued at about $69,000. 94.96% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at American Assets Trust
In related news, CEO Ernest S. Rady purchased 87,324 shares of the business's stock in a transaction dated Thursday, September 15th. The shares were purchased at an average cost of $26.99 per share, for a total transaction of $2,356,874.76. Following the completion of the acquisition, the chief executive officer now owns 6,942,855 shares in the company, valued at approximately $187,387,656.45. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other American Assets Trust news, CEO Ernest S. Rady acquired 87,324 shares of the stock in a transaction that occurred on Thursday, September 15th. The stock was bought at an average cost of $26.99 per share, with a total value of $2,356,874.76. Following the completion of the purchase, the chief executive officer now directly owns 6,942,855 shares in the company, valued at $187,387,656.45. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernest S. Rady acquired 10,000 shares of the stock in a transaction that occurred on Monday, September 12th. The stock was acquired at an average cost of $28.49 per share, with a total value of $284,900.00. Following the completion of the purchase, the chief executive officer now owns 6,892,855 shares of the company's stock, valued at $196,377,438.95. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 259,395 shares of company stock worth $7,386,977. Insiders own 34.38% of the company's stock.
American Assets Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Thursday, September 8th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend is Wednesday, September 7th. American Assets Trust's payout ratio is presently 191.04%.
American Assets Trust Company Profile
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American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Oregon, Washington, Texas and Hawaii.
Further Reading
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