News stories about American Assets Trust (NYSE:AAT) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. American Assets Trust earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 45.677196373044 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of American Assets Trust stock opened at $32.45 on Tuesday. The stock has a market cap of $1,548.31, a P/E ratio of 16.90, a PEG ratio of 3.04 and a beta of 0.40. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.57. American Assets Trust has a 12-month low of $30.62 and a 12-month high of $44.61.
American Assets Trust (NYSE:AAT) last announced its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The firm had revenue of $81.75 million for the quarter. American Assets Trust had a return on equity of 3.76% and a net margin of 10.16%. equities research analysts forecast that American Assets Trust will post 2.05 EPS for the current fiscal year.
A number of brokerages have recently issued reports on AAT. Morgan Stanley upgraded shares of American Assets Trust from an “equal” rating to a “weight” rating and set a $37.00 price objective for the company in a research note on Tuesday, March 27th. Royal Bank of Canada set a $44.00 price objective on shares of American Assets Trust and gave the company a “buy” rating in a research note on Saturday, February 17th. Zacks Investment Research upgraded shares of American Assets Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, March 14th. Mizuho upgraded shares of American Assets Trust from a “neutral” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Thursday, February 22nd. Finally, Bank of America cut shares of American Assets Trust from a “neutral” rating to an “underperform” rating and set a $35.00 target price for the company. in a research report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $41.00.
In other news, CEO Ernest S. Rady bought 94,155 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was acquired at an average price of $32.31 per share, for a total transaction of $3,042,148.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Ernest S. Rady bought 64,775 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average price of $32.56 per share, with a total value of $2,109,074.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 864,929 shares of company stock valued at $28,061,530 in the last quarter. 37.90% of the stock is currently owned by corporate insiders.
About American Assets Trust
American Assets Trust, Inc (the ?company?) 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 retail, office 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.
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