American Assets Trust, Inc. (NYSE:AAT – Get a rating) CEO Ernest S. Rady acquired 10,000 shares in a trade dated Thursday, May 5. The shares were acquired at an average price of $35.21 per share, for a total transaction of $352,100.00. Following completion of the transaction, the CEO now directly owns 2,026,619 shares of the company, valued at $71,357,254.99. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
NYSE AAT opened at $34.38 on Friday. The company has a market capitalization of $2.08 billion, a P/E ratio of 53.72, a P/E/G ratio of 2.29 and a beta of 1.13. The company has a debt ratio of 1.37, a quick ratio of 3.56 and a current ratio of 2.43. The company’s 50-day moving average price is $36.59 and its 200-day moving average price is $36.84. American Assets Trust, Inc. has a fifty-two week low of $33.27 and a fifty-two week high of $40.83.
American Asset Trust (NYSE:AAT – Get a rating) last released its quarterly earnings data on Tuesday, April 26. The real estate investment trust reported earnings per share of $0.18 for the quarter, missing analyst consensus estimates of $0.19 per ($0.01). American Assets Trust had a net margin of 9.57% and a return on equity of 3.10%. In the same quarter a year earlier, the company posted EPS of $0.38. As a group, stock analysts predict American Assets Trust, Inc. will post EPS of 2.16 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 23. Shareholders of record on Thursday, June 9 will receive a dividend of $0.32. This represents an annualized dividend of $1.28 and a yield of 3.72%. The ex-dividend date is Wednesday, June 8. American Assets Trust’s payout ratio is currently 200.00%.
AAT has been the subject of a number of research reports. Morgan Stanley cut its price target on American Assets Trust shares from $37.00 to $35.00 and set an “equal weight” rating on the stock in a Monday, March 21 report. Zacks Investment Research upgraded American Assets Trust from a “sell” rating to a “hold” rating in a Wednesday, March 23 research report. StockNews.com began covering American Assets Trust in a research note on Thursday, March 31. They issued a “holding” rating on the stock. TheStreet upgraded American Assets Trust from a “c” rating to a “b-” rating in a Monday, March 21 research report. Finally, Mizuho cut its price target on American Assets Trust shares from $40.00 to $37.00 and set a “neutral” rating on the stock in a Tuesday, February 15 research report. Four equity research analysts gave the stock a hold rating and one gave the company’s stock a buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $39.25.
Several institutional investors and hedge funds have recently increased or reduced their stake in AAT. CWM LLC increased its holdings of American Assets Trust shares by 210.2% in the first quarter. CWM LLC now owns 698 shares of the real estate investment trust worth $26,000 after purchasing an additional 473 shares during the period. Ellevest Inc. increased its position in American Assets Trust by 97.6% in the 1st quarter. Ellevest Inc. now owns 727 shares of the real estate investment trust worth $28,000 after acquiring 359 additional shares in the last quarter. Marshall Wace North America LP increased its stake in American Assets Trust by 32.9% in the first quarter. Marshall Wace North America LP now owns 1,211 shares of the real estate investment trust worth $56,000 after purchasing 300 additional shares during the period. Quadrant Capital Group LLC increased its position in American Assets Trust shares by 68.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,726 shares of the real estate investment trust worth $65,000 after purchasing an additional 700 shares in the last quarter. Finally, US Asset Management LLC purchased a new equity stake in American Assets Trust during the first quarter valued at $69,000. 94.83% of the shares are currently held by hedge funds and other institutional investors.
About American Assets Trust (Get a rating)
American Assets Trust, Inc is a full-service, vertically integrated, self-administered real estate investment trust or REIT, headquartered in San Diego, California. The company has more than 50 years of experience acquiring, improving, developing and managing prime office, retail and residential properties across the United States in some of the world’s toughest markets. most dynamic and difficult to access in the country, mainly in southern California, northern California, Oregon, Washington, Texas and Hawaii.
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