American Assets Trust (NYSE:AAT) CEO Ernest S. Rady bought 67,961 shares of the stock in a transaction on Friday, March 9th. The stock was purchased at an average cost of $32.20 per share, with a total value of $2,188,344.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of NYSE AAT traded up $0.20 during trading on Monday, reaching $33.61. The company had a trading volume of 686,466 shares, compared to its average volume of 327,727. American Assets Trust has a 12 month low of $30.62 and a 12 month high of $44.83. The firm has a market capitalization of $1,577.10, a PE ratio of 17.51, a price-to-earnings-growth ratio of 3.09 and a beta of 0.40. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.57.
American Assets Trust (NYSE:AAT) last released its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). American Assets Trust had a net margin of 10.16% and a return on equity of 3.76%. The company had revenue of $81.75 million during the quarter. analysts forecast that American Assets Trust will post 2.05 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th were given a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.21%. American Assets Trust’s dividend payout ratio (DPR) is presently 56.25%.
Several institutional investors have recently made changes to their positions in AAT. Schroder Investment Management Group bought a new stake in shares of American Assets Trust during the 3rd quarter valued at about $204,000. Koch Industries Inc. bought a new stake in shares of American Assets Trust during the 4th quarter valued at about $206,000. Stifel Financial Corp bought a new stake in shares of American Assets Trust during the 3rd quarter valued at about $222,000. Landscape Capital Management L.L.C. bought a new stake in shares of American Assets Trust during the 4th quarter valued at about $245,000. Finally, Stevens Capital Management LP bought a new stake in shares of American Assets Trust during the 3rd quarter valued at about $265,000. Institutional investors own 99.11% of the company’s stock.
A number of brokerages have issued reports on AAT. Zacks Investment Research raised American Assets Trust from a “sell” rating to a “hold” rating in a report on Wednesday, March 14th. Royal Bank of Canada set a $44.00 target price on American Assets Trust and gave the stock a “buy” rating in a report on Saturday, February 17th. Morgan Stanley raised American Assets Trust from an “equal” rating to a “weight” rating and set a $37.00 target price for the company in a report on Tuesday, March 27th. Mizuho raised American Assets Trust from a “neutral” rating to a “buy” rating and set a $44.00 target price for the company in a report on Thursday, February 22nd. Finally, Bank of America lowered American Assets Trust from a “neutral” rating to an “underperform” rating and set a $35.00 price target on the stock. in a research report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $42.50.
American Assets Trust Company Profile
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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