American Assets Trust (NYSE:AAT) CEO Ernest S. Rady acquired 259,583 shares of the business’s stock in a transaction on Wednesday, March 14th. The shares were bought at an average cost of $32.95 per share, for a total transaction of $8,553,259.85. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
NYSE:AAT traded down $0.47 during midday trading on Friday, reaching $34.43. The stock had a trading volume of 502,565 shares, compared to its average volume of 467,378. American Assets Trust has a 12-month low of $30.62 and a 12-month high of $44.83. The company has a debt-to-equity ratio of 1.57, a current ratio of 3.15 and a quick ratio of 3.15. The firm has a market cap of $1,647.44, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 3.23 and a beta of 0.41.
American Assets Trust (NYSE:AAT) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share 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 firm had revenue of $81.75 million during the quarter. analysts expect that American Assets Trust will post 2.05 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were given a $0.27 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $1.08 dividend on an annualized basis and a yield of 3.14%. American Assets Trust’s dividend payout ratio (DPR) is 56.25%.
A number of equities analysts have recently commented on AAT shares. Royal Bank of Canada set a $44.00 target price on shares of American Assets Trust and gave the company a “buy” rating in a report on Saturday, February 17th. Mizuho raised shares of American Assets Trust from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Thursday, February 22nd. Zacks Investment Research raised shares of American Assets Trust from a “strong sell” rating to a “hold” rating in a report on Monday, February 19th. Bank of America cut shares of 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. Finally, Morgan Stanley raised shares of American Assets Trust from an “equal” rating to a “weight” rating and set a $37.00 target price on the stock in a report on Tuesday, March 27th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $42.50.
A number of large investors have recently bought and sold shares of AAT. Crossmark Global Holdings Inc. purchased a new position in American Assets Trust in the 3rd quarter valued at $427,000. Stevens Capital Management LP purchased a new stake in shares of American Assets Trust during the 3rd quarter worth $265,000. BNP Paribas Arbitrage SA boosted its position in shares of American Assets Trust by 30.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 35,344 shares of the real estate investment trust’s stock worth $1,406,000 after purchasing an additional 8,250 shares in the last quarter. Sei Investments Co. boosted its position in shares of American Assets Trust by 51.4% during the 3rd quarter. Sei Investments Co. now owns 443,439 shares of the real estate investment trust’s stock worth $21,504,000 after purchasing an additional 150,483 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of American Assets Trust by 58.8% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 15,560 shares of the real estate investment trust’s stock worth $619,000 after purchasing an additional 5,760 shares in the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.
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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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