American Assets Trust (NYSE:AAT) Now Covered by Analysts at StockNews.com

Posted by Xavier Holt on Mar 19th, 2023

StockNews.com started coverage on shares of American Assets Trust (NYSE:AAT – Get Rating) in a report published on Thursday. The firm issued a hold rating on the real estate investment trust’s stock.

Separately, Mizuho reaffirmed a neutral rating and issued a $30.00 price objective on shares of American Assets Trust in a report on Friday, February 10th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $29.00.

American Assets Trust Trading Down 6.6 %

Shares of AAT stock opened at $17.40 on Thursday. The company has a 50 day moving average of $25.63 and a 200-day moving average of $26.52. The firm has a market cap of $1.06 billion, a P/E ratio of 23.84, a PEG ratio of 6.27 and a beta of 1.13. American Assets Trust has a 12-month low of $17.33 and a 12-month high of $39.10. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 1.40.

American Assets Trust (NYSE:AAT – Get Rating) last released its quarterly earnings data on Wednesday, February 8th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.39). The business had revenue of $106.00 million during the quarter, compared to the consensus estimate of $107.44 million. American Assets Trust had a return on equity of 3.63% and a net margin of 10.29%. During the same period last year, the business posted $0.54 earnings per share. Sell-side analysts anticipate that American Assets Trust will post 2.13 earnings per share for the current year.

American Assets Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 23rd. Shareholders of record on Thursday, March 9th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 7.59%. This is an increase from American Assets Trust’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Wednesday, March 8th. American Assets Trust’s dividend payout ratio (DPR) is presently 180.82%.

Insider Buying and Selling at American Assets Trust

In other news, CEO Ernest S. Rady purchased 40,000 shares of the business’s stock in a transaction on Thursday, March 9th. The stock was purchased at an average cost of $21.98 per share, with a total value of $879,200.00. Following the acquisition, the chief executive officer now directly owns 7,077,628 shares in the company, valued at $155,566,263.44. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 34.38% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd bought a new position in American Assets Trust in the 2nd quarter valued at $42,000. Lazard Asset Management LLC boosted its holdings in American Assets Trust by 207.6% in the 2nd quarter. Lazard Asset Management LLC now owns 1,452 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 980 shares during the period. Wipfli Financial Advisors LLC bought a new position in American Assets Trust in the 3rd quarter valued at $43,000. US Asset Management LLC bought a new stake in shares of American Assets Trust during the 4th quarter worth $49,000. Finally, Quadrant Capital Group LLC lifted its holdings in shares of American Assets Trust by 222.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 3,298 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 2,275 shares during the last quarter. 92.33% of the stock is owned by institutional investors.

American Assets Trust Company Profile

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American Assets Trust, Inc is a real estate investment trust. It owns, operates, acquires, and develops retail shopping centers, office properties, mixed-use properties, and multifamily properties. It operates through the following business segments: Office, Retail, Multifamily, and Mixed-Use. The Office segment includes rental of office space.