American Assets Trust (NYSE:AAT) Issues Quarterly Earnings Results, Misses Estimates By $0.44 EPS

American Assets Trust (NYSE:AAT) posted its quarterly earnings data on Tuesday. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.44), FiscalAI reports. The company had revenue of $110.09 million for the quarter, compared to analysts’ expectations of $108.70 million. American Assets Trust had a net margin of 13.98% and a return on equity of 5.43%.

American Assets Trust Trading Up 0.1%

AAT traded up $0.02 during midday trading on Tuesday, hitting $18.05. The company’s stock had a trading volume of 470,780 shares, compared to its average volume of 484,382. American Assets Trust has a 52-week low of $16.69 and a 52-week high of $24.13. The firm has a 50-day moving average price of $18.74 and a two-hundred day moving average price of $19.45. The company has a current ratio of 3.34, a quick ratio of 3.34 and a debt-to-equity ratio of 1.52. The firm has a market cap of $1.10 billion, a P/E ratio of 17.87 and a beta of 0.98.

Institutional Trading of American Assets Trust

Hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC grew its stake in shares of American Assets Trust by 306.7% during the third quarter. Citadel Advisors LLC now owns 493,832 shares of the real estate investment trust’s stock valued at $10,035,000 after acquiring an additional 372,397 shares in the last quarter. Invesco Ltd. boosted its holdings in American Assets Trust by 48.1% in the second quarter. Invesco Ltd. now owns 496,405 shares of the real estate investment trust’s stock valued at $9,804,000 after purchasing an additional 161,303 shares during the last quarter. Bank of America Corp DE grew its stake in American Assets Trust by 129.3% during the 2nd quarter. Bank of America Corp DE now owns 239,903 shares of the real estate investment trust’s stock valued at $4,738,000 after purchasing an additional 135,258 shares in the last quarter. Jane Street Group LLC increased its holdings in American Assets Trust by 534.0% during the 1st quarter. Jane Street Group LLC now owns 158,297 shares of the real estate investment trust’s stock worth $3,188,000 after purchasing an additional 133,329 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its position in shares of American Assets Trust by 44.9% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 407,249 shares of the real estate investment trust’s stock valued at $8,275,000 after purchasing an additional 126,109 shares in the last quarter. Hedge funds and other institutional investors own 90.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AAT. Mizuho set a $19.00 price target on American Assets Trust in a research note on Friday, January 9th. Wall Street Zen downgraded shares of American Assets Trust from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Weiss Ratings reissued a “hold (c)” rating on shares of American Assets Trust in a report on Wednesday, January 21st. Finally, Morgan Stanley cut shares of American Assets Trust from an “equal weight” rating to an “underweight” rating and set a $17.00 target price for the company. in a report on Friday, January 16th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $18.00.

About American Assets Trust

American Assets Trust, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops and manages a diversified portfolio of commercial properties across multiple asset classes. The company’s holdings include retail centers, office buildings, multifamily communities and select hotel and resort properties. American Assets Trust pursues an integrated strategy combining proactive redevelopment, leasing initiatives and sustainable design to enhance asset value and drive long-term growth.

Founded in 1998 and headquartered in San Diego, California, American Assets Trust has built a presence in key markets along the West Coast and select western U.S.