American Assets Trust, Inc (NYSE:AAT) CEO Ernest S. Rady acquired 259,583 shares of the stock in a transaction dated Wednesday, March 14th. The stock was acquired at an average cost of $32.95 per share, with a total value of $8,553,259.85. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of American Assets Trust, Inc (NYSE:AAT) opened at $33.22 on Friday. American Assets Trust, Inc has a 1 year low of $30.62 and a 1 year high of $44.83. The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.15 and a current ratio of 3.15. The stock has a market capitalization of $1,560.58, a PE ratio of 53.58, a price-to-earnings-growth ratio of 3.06 and a beta of 0.49.
American Assets Trust (NYSE:AAT) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). American Assets Trust had a net margin of 10.16% and a return on equity of 3.76%. The firm had revenue of $81.75 million for the quarter. equities research analysts forecast that American Assets Trust, Inc will post 2.05 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Wednesday, March 14th. American Assets Trust’s dividend payout ratio (DPR) is presently 174.19%.
A number of hedge funds have recently bought and sold shares of AAT. Victory Capital Management Inc. purchased a new stake in American Assets Trust during the fourth quarter valued at about $45,358,000. American Assets Inc. grew its position in American Assets Trust by 3.9% during the fourth quarter. American Assets Inc. now owns 6,467,587 shares of the real estate investment trust’s stock valued at $247,321,000 after acquiring an additional 242,325 shares during the period. Millennium Management LLC grew its position in American Assets Trust by 147.7% during the fourth quarter. Millennium Management LLC now owns 381,837 shares of the real estate investment trust’s stock valued at $14,601,000 after acquiring an additional 227,654 shares during the period. Sei Investments Co. grew its position in American Assets Trust by 51.4% during the third quarter. Sei Investments Co. now owns 443,439 shares of the real estate investment trust’s stock valued at $21,504,000 after acquiring an additional 150,483 shares during the period. Finally, William Blair Investment Management LLC grew its position in American Assets Trust by 25.8% during the fourth quarter. William Blair Investment Management LLC now owns 643,088 shares of the real estate investment trust’s stock valued at $24,592,000 after acquiring an additional 131,940 shares during the period. 99.11% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on the company. Zacks Investment Research raised American Assets Trust from a “sell” rating to a “hold” rating in a research report on Wednesday. Bank of America downgraded American Assets Trust from a “neutral” rating to an “underperform” rating and set a $35.00 price objective for the company. in a research report on Thursday, March 1st. Mizuho raised American Assets Trust from a “neutral” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Thursday, February 22nd. Finally, Royal Bank of Canada set a $44.00 price target on American Assets Trust and gave the company a “buy” rating in a research report on Saturday, February 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $43.60.
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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