American Assets Trust (AAT) Getting Somewhat Positive Media Coverage, Accern Reports

Media stories about American Assets Trust (NYSE:AAT) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. American Assets Trust earned a news impact score of 0.08 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 45.1530526414128 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

American Assets Trust (AAT) opened at $39.58 on Friday. The stock has a market capitalization of $1,870.00, a P/E ratio of 20.52, a P/E/G ratio of 3.47 and a beta of 0.52. American Assets Trust has a 12-month low of $36.79 and a 12-month high of $44.83. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.76 and a quick ratio of 2.76.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be given a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This is a boost from American Assets Trust’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 2.73%. American Assets Trust’s dividend payout ratio is 155.22%.

Several equities analysts recently issued reports on the company. Zacks Investment Research raised American Assets Trust from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Thursday, August 31st. TheStreet cut American Assets Trust from a “b-” rating to a “c+” rating in a research report on Wednesday, July 26th. Mizuho reaffirmed a “hold” rating and issued a $40.00 price objective on shares of American Assets Trust in a research report on Friday, November 10th. Bank of America Corporation cut American Assets Trust from a “buy” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a research report on Thursday, November 2nd. Finally, BidaskClub raised American Assets Trust from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $44.00.

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In other news, CEO Ernest S. Rady purchased 9,438 shares of the stock in a transaction dated Friday, August 25th. The shares were purchased at an average cost of $40.45 per share, with a total value of $381,767.10. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ernest S. Rady purchased 34,037 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were purchased at an average cost of $40.24 per share, for a total transaction of $1,369,648.88. The disclosure for this purchase can be found here. Insiders purchased a total of 318,707 shares of company stock worth $12,715,617 over the last ninety days. 34.15% of the stock is currently owned by insiders.

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.

Insider Buying and Selling by Quarter for American Assets Trust (NYSE:AAT)

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