American Assets Trust, Inc (NYSE:AAT) has received a consensus recommendation of “Hold” from the eight analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $40.75.
Several analysts have weighed in on AAT shares. Bank of America lowered American Assets Trust from a “neutral” rating to an “underperform” rating and set a $35.00 target price on the stock. in a report on Thursday, March 1st. Zacks Investment Research lowered American Assets Trust from a “hold” rating to a “sell” rating in a report on Friday, March 2nd. Morgan Stanley raised American Assets Trust from an “equal” rating to a “weight” rating and set a $37.00 price objective on the stock in a research note on Tuesday, March 27th. Finally, ValuEngine lowered American Assets Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd.
In related news, CEO Ernest S. Rady acquired 1,718 shares of the firm’s stock in a transaction that occurred on Monday, June 11th. The shares were acquired at an average price of $37.26 per share, with a total value of $64,012.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ernest S. Rady purchased 64,125 shares of the firm’s stock in a transaction on Monday, May 14th. The stock was acquired at an average cost of $35.04 per share, for a total transaction of $2,246,940.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 187,500 shares of company stock worth $6,577,567. Corporate insiders own 34.15% of the company’s stock.
Large investors have recently modified their holdings of the business. Koch Industries Inc. acquired a new stake in American Assets Trust in the 4th quarter worth about $206,000. Dynamic Technology Lab Private Ltd acquired a new stake in American Assets Trust in the 1st quarter worth about $212,000. Landscape Capital Management L.L.C. acquired a new stake in American Assets Trust in the 4th quarter worth about $245,000. SG Americas Securities LLC boosted its stake in American Assets Trust by 82.3% in the 1st quarter. SG Americas Securities LLC now owns 7,526 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 3,397 shares during the last quarter. Finally, Signition LP acquired a new stake in American Assets Trust in the 1st quarter worth about $253,000. 94.23% of the stock is currently owned by hedge funds and other institutional investors.
American Assets Trust traded up $0.05, hitting $38.30, during trading hours on Friday, Marketbeat.com reports. The stock had a trading volume of 292,900 shares, compared to its average volume of 297,987. The company has a debt-to-equity ratio of 1.55, a quick ratio of 2.17 and a current ratio of 2.17. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 3.62 and a beta of 0.43. American Assets Trust has a 1-year low of $30.62 and a 1-year high of $41.69.
American Assets Trust (NYSE:AAT) last posted its earnings results on Tuesday, May 1st. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.16). The firm had revenue of $80.73 million during the quarter. American Assets Trust had a net margin of 6.60% and a return on equity of 2.52%. sell-side analysts forecast that American Assets Trust will post 2.05 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 28th. Investors of record on Thursday, June 14th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Wednesday, June 13th. American Assets Trust’s payout ratio is currently 56.25%.
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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