American Assets Trust, Inc. (NYSE:AAT) CEO Ernest S. Rady purchased 3,955 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were acquired at an average cost of $40.54 per share, for a total transaction of $160,335.70. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of American Assets Trust, Inc. (AAT) opened at 40.58 on Friday. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 61.67 and a beta of 0.51. American Assets Trust, Inc. has a 52-week low of $37.54 and a 52-week high of $44.83. The firm has a 50 day moving average price of $40.42 and a 200-day moving average price of $40.87.
American Assets Trust (NYSE:AAT) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.01). American Assets Trust had a return on equity of 3.94% and a net margin of 10.93%. The company had revenue of $77.11 million during the quarter. Equities research analysts anticipate that American Assets Trust, Inc. will post $0.62 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be issued 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 yield of 2.56%. American Assets Trust’s dividend payout ratio is presently 157.58%.
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A number of large investors have recently made changes to their positions in AAT. BlackRock Inc. increased its holdings in American Assets Trust by 9,426.3% during the 1st quarter. BlackRock Inc. now owns 5,711,691 shares of the real estate investment trust’s stock valued at $238,976,000 after purchasing an additional 5,651,734 shares during the period. State Street Corp increased its holdings in American Assets Trust by 59.6% during the 1st quarter. State Street Corp now owns 1,510,392 shares of the real estate investment trust’s stock valued at $63,194,000 after purchasing an additional 564,067 shares during the period. American Assets Inc. increased its holdings in American Assets Trust by 8.2% during the 2nd quarter. American Assets Inc. now owns 5,882,841 shares of the real estate investment trust’s stock valued at $231,725,000 after purchasing an additional 447,005 shares during the period. Numeric Investors LLC purchased a new position in American Assets Trust during the 2nd quarter valued at about $16,475,000. Finally, FMR LLC increased its holdings in American Assets Trust by 7.8% during the 1st quarter. FMR LLC now owns 4,770,789 shares of the real estate investment trust’s stock valued at $199,611,000 after purchasing an additional 344,803 shares during the period. Institutional investors own 97.83% of the company’s stock.
AAT has been the topic of a number of research analyst reports. Zacks Investment Research raised American Assets Trust from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Thursday, August 31st. TheStreet lowered American Assets Trust from a “b-” rating to a “c+” rating in a research report on Wednesday, July 26th. Finally, BidaskClub upgraded American Assets Trust from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.33.
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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