American Assets Trust, Inc. (AAT) Upgraded to “Sell” by BidaskClub

BidaskClub upgraded shares of American Assets Trust, Inc. (NYSE:AAT) from a strong sell rating to a sell rating in a research report report published on Saturday morning.

A number of other equities research analysts also recently commented on the company. Zacks Investment Research upgraded American Assets Trust from a hold rating to a buy rating and set a $44.00 target price on the stock in a research report on Friday, July 14th. TheStreet downgraded American Assets Trust from a b- rating to a c+ rating in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $46.33.

American Assets Trust (NYSE AAT) traded up 1.34% on Friday, reaching $40.82. The company’s stock had a trading volume of 234,914 shares. American Assets Trust has a 52-week low of $37.54 and a 52-week high of $45.50. The firm has a market cap of $1.92 billion, a PE ratio of 62.04 and a beta of 0.52. The stock’s 50 day moving average price is $40.04 and its 200 day moving average price is $41.17.

American Assets Trust (NYSE:AAT) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 EPS for the quarter, missing analysts’ consensus estimates 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%. Equities research analysts expect that American Assets Trust will post $0.63 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $1.04 annualized dividend and a yield of 2.55%. American Assets Trust’s payout ratio is currently 157.58%.

In related news, CEO Ernest S. Rady acquired 71,110 shares of American Assets Trust stock in a transaction on Tuesday, June 6th. The shares were bought at an average cost of $39.73 per share, with a total value of $2,825,200.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernest S. Rady acquired 3,321 shares of American Assets Trust stock in a transaction on Monday, June 12th. The shares were bought at an average cost of $40.97 per share, for a total transaction of $136,061.37. The disclosure for this purchase can be found here. Insiders have acquired 469,746 shares of company stock worth $18,861,246 over the last three months. 34.15% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AAT. Perigon Wealth Management LLC acquired a new position in American Assets Trust during the first quarter worth approximately $105,000. Advisor Group Inc. boosted its position in American Assets Trust by 19.7% in the second quarter. Advisor Group Inc. now owns 2,663 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 439 shares in the last quarter. LS Investment Advisors LLC boosted its position in American Assets Trust by 75.0% in the first quarter. LS Investment Advisors LLC now owns 2,531 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 1,085 shares in the last quarter. Elkfork Partners LLC boosted its position in American Assets Trust by 10.8% in the first quarter. Elkfork Partners LLC now owns 2,884 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 280 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its position in American Assets Trust by 83.2% in the second quarter. Riverhead Capital Management LLC now owns 3,298 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 1,498 shares in the last quarter. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

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.