American Assets Trust, Inc. (NYSE:AAT) CEO Ernest S. Rady bought 18,292 shares of the stock in a transaction dated Thursday, August 17th. The stock was purchased at an average price of $40.35 per share, with a total value of $738,082.20. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.
American Assets Trust, Inc. (NYSE AAT) opened at 39.85 on Monday. American Assets Trust, Inc. has a 1-year low of $37.54 and a 1-year high of $45.50. The stock has a market cap of $1.88 billion, a PE ratio of 60.56 and a beta of 0.52. The stock has a 50 day moving average price of $39.94 and a 200 day moving average price of $41.26.
American Assets Trust (NYSE:AAT) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.01. The firm had revenue of $77.11 million during the quarter. American Assets Trust had a return on equity of 3.94% and a net margin of 10.93%. On average, analysts predict that American Assets Trust, Inc. will post $0.62 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.61%. American Assets Trust’s dividend payout ratio (DPR) is 157.58%.
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AAT has been the subject of a number of research analyst reports. Zacks Investment Research upgraded American Assets Trust from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Friday, July 14th. BidaskClub cut American Assets Trust from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Finally, TheStreet cut American Assets Trust from a “b-” rating to a “c+” rating in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $46.00.
A number of institutional investors have recently modified their holdings of AAT. Perigon Wealth Management LLC purchased a new position in shares of American Assets Trust during the first quarter worth about $105,000. Advisor Group Inc. raised its position in shares of American Assets Trust by 19.7% in the second quarter. Advisor Group Inc. now owns 2,663 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 439 shares during the period. LS Investment Advisors LLC raised its position in shares of American Assets Trust by 75.0% in the first quarter. LS Investment Advisors LLC now owns 2,531 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 1,085 shares during the period. Elkfork Partners LLC raised its position in shares of American Assets Trust by 10.8% in the first quarter. Elkfork Partners LLC now owns 2,884 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 280 shares during the period. Finally, Riverhead Capital Management LLC raised its position in shares of American Assets Trust by 83.2% in the second quarter. Riverhead Capital Management LLC now owns 3,298 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 1,498 shares during the period. Institutional investors own 99.36% of the company’s stock.
American Assets Trust Company Profile
American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires and develops retail, office, multifamily and mixed-use properties in Southern California, Northern California, Oregon, Washington, Texas and Hawaii markets.
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