Shares of American Assets Trust, Inc. (NYSE:AAT) have been given a consensus recommendation of “Hold” by the five research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $46.00.
Several equities research analysts have recently issued reports on the stock. TheStreet lowered shares of American Assets Trust from a “b-” rating to a “c+” rating in a report on Wednesday, July 26th. BidaskClub upgraded shares of American Assets Trust from a “strong sell” rating to a “sell” rating in a report on Thursday, June 15th. Finally, Zacks Investment Research upgraded shares of American Assets Trust from a “sell” rating to a “hold” rating in a report on Wednesday, May 24th.
In other news, CEO Ernest S. Rady acquired 46,508 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were purchased at an average price of $40.00 per share, with a total value of $1,860,320.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ernest S. Rady bought 47,976 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was bought at an average price of $38.55 per share, with a total value of $1,849,474.80. The disclosure for this purchase can be found here. Insiders purchased a total of 653,834 shares of company stock worth $25,911,886 in the last ninety days. 34.15% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in American Assets Trust during the fourth quarter worth about $924,000. Norges Bank purchased a new position in shares of American Assets Trust during the fourth quarter valued at $18,091,000. Macquarie Group Ltd. purchased a new position in shares of American Assets Trust during the fourth quarter valued at $595,000. Louisiana State Employees Retirement System boosted its position in shares of American Assets Trust by 3.1% in the first quarter. Louisiana State Employees Retirement System now owns 16,600 shares of the real estate investment trust’s stock valued at $695,000 after buying an additional 500 shares during the last quarter. Finally, Quotient Investors LLC purchased a new position in shares of American Assets Trust during the first quarter valued at $473,000. 99.84% of the stock is owned by institutional investors.
American Assets Trust (AAT) traded down 0.70% during mid-day trading on Friday, hitting $39.77. 370,255 shares of the stock were exchanged. The stock has a market capitalization of $1.87 billion, a PE ratio of 60.44 and a beta of 0.52. 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.
American Assets Trust (NYSE:AAT) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.01. The firm had revenue of $77.11 million during the quarter. American Assets Trust had a return on equity of 3.94% and a net margin of 10.93%. On average, equities analysts predict that American Assets Trust will post $0.77 EPS for the current fiscal year.
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. This represents a $1.04 annualized dividend and a yield of 2.62%. The ex-dividend date is Wednesday, September 13th. American Assets Trust’s dividend payout ratio is presently 157.58%.
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.
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