American Assets Trust, Inc. (NYSE:AAT) CEO Ernest S. Rady acquired 9,567 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was purchased at an average cost of $40.60 per share, with a total value of $388,420.20. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of American Assets Trust, Inc. (NYSE:AAT) traded down 0.22% during mid-day trading on Friday, hitting $40.58. The company had a trading volume of 373,332 shares. The company has a 50-day moving average price of $40.42 and a 200-day moving average price of $40.87. American Assets Trust, Inc. has a 1-year low of $37.54 and a 1-year high of $44.83. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 61.67 and a beta of 0.51.
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, equities analysts anticipate that American Assets Trust, Inc. will post $0.62 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.56%. American Assets Trust’s payout ratio is currently 157.58%.
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Several analysts recently commented on AAT shares. Zacks Investment Research raised American Assets Trust from a “sell” rating to a “hold” rating in a report on Wednesday, May 24th. BidaskClub raised American Assets Trust from a “strong sell” rating to a “sell” rating in a report on Thursday, June 15th. Finally, TheStreet lowered American Assets Trust from a “b-” rating to a “c+” rating in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $46.33.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Perigon Wealth Management LLC raised its stake in shares of American Assets Trust by 55.0% during the 2nd quarter. Perigon Wealth Management LLC now owns 3,875 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 1,375 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of American Assets Trust during the 2nd quarter valued at about $353,000. Cubist Systematic Strategies LLC purchased a new position in shares of American Assets Trust during the 2nd quarter valued at about $225,000. State Street Corp raised its stake in shares of American Assets Trust by 2.6% during the 2nd quarter. State Street Corp now owns 1,549,111 shares of the real estate investment trust’s stock valued at $61,019,000 after buying an additional 38,719 shares during the last quarter. Finally, Adelante Capital Management LLC raised its stake in shares of American Assets Trust by 28.9% during the 2nd quarter. Adelante Capital Management LLC now owns 377,455 shares of the real estate investment trust’s stock valued at $14,868,000 after buying an additional 84,714 shares during the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.
About American Assets Trust
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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