News headlines about American Assets Trust (NYSE:AAT) have trended somewhat negative this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. American Assets Trust earned a news sentiment score of -0.01 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 47.3213226124085 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
American Assets Trust opened at $35.47 on Thursday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 1.55, a current ratio of 2.17 and a quick ratio of 2.17. The company has a market capitalization of $1.65 billion, a PE ratio of 18.47, a PEG ratio of 3.23 and a beta of 0.40. American Assets Trust has a 1 year low of $30.62 and a 1 year high of $41.69.
American Assets Trust (NYSE:AAT) last issued its quarterly earnings results on Tuesday, May 1st. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.16). The company had revenue of $80.73 million during the quarter. American Assets Trust had a net margin of 6.60% and a return on equity of 2.52%. sell-side analysts anticipate that American Assets Trust will post 2.05 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Investors of record on Thursday, June 14th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Wednesday, June 13th. American Assets Trust’s dividend payout ratio is currently 56.25%.
A number of research firms have recently issued reports on AAT. ValuEngine cut shares of American Assets Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Morgan Stanley upgraded shares of American Assets Trust from an “equal” rating to a “weight” rating and set a $37.00 target price for the company in a research note on Tuesday, March 27th. Zacks Investment Research upgraded shares of American Assets Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, March 14th. Bank of America cut shares of American Assets Trust from a “neutral” rating to an “underperform” rating and set a $35.00 target price for the company. in a research note on Thursday, March 1st. Finally, Mizuho upgraded shares of American Assets Trust from a “neutral” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Thursday, February 22nd. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $41.00.
In related news, CEO Ernest S. Rady purchased 64,775 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average price of $32.56 per share, with a total value of $2,109,074.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ernest S. Rady purchased 259,583 shares of the stock in a transaction that occurred on Wednesday, March 14th. The stock was bought at an average cost of $32.95 per share, with a total value of $8,553,259.85. The disclosure for this purchase can be found here. In the last three months, insiders purchased 934,838 shares of company stock valued at $30,733,164. 34.15% of the stock is currently owned by company insiders.
About American Assets Trust
American Assets Trust, Inc (the ?company?) is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier retail, office and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Oregon, Washington, Texas and Hawaii.
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