American Assets Trust, Inc. (NYSE:AAT) CEO Ernest S. Rady acquired 52,778 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were purchased at an average price of $40.17 per share, with a total value of $2,120,092.26. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of American Assets Trust, Inc. (NYSE AAT) traded down 1.04% during midday trading on Friday, reaching $39.85. 365,366 shares of the company were exchanged. The firm’s 50 day moving average is $39.94 and its 200-day moving average is $41.26. American Assets Trust, Inc. has a 52-week low of $37.54 and a 52-week high of $45.50. The company has a market capitalization of $1.88 billion, a PE ratio of 60.56 and a beta of 0.52.
American Assets Trust (NYSE:AAT) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.01. The company 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 forecast that American Assets Trust, Inc. will post $0.62 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.61%. American Assets Trust’s dividend payout ratio is currently 157.58%.
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A number of brokerages have commented on AAT. BidaskClub upgraded shares of American Assets Trust from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 15th. Zacks Investment Research upgraded shares of American Assets Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, May 24th. Finally, TheStreet downgraded shares of American Assets Trust from a “b-” rating to a “c+” rating in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $46.00.
A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of American Assets Trust by 9,426.3% in the first quarter. BlackRock Inc. now owns 5,711,691 shares of the real estate investment trust’s stock worth $238,976,000 after buying an additional 5,651,734 shares in the last quarter. State Street Corp boosted its position in shares of American Assets Trust by 59.6% in the first quarter. State Street Corp now owns 1,510,392 shares of the real estate investment trust’s stock worth $63,194,000 after buying an additional 564,067 shares in the last quarter. American Assets Inc. boosted its position in shares of American Assets Trust by 8.2% in the second quarter. American Assets Inc. now owns 5,882,841 shares of the real estate investment trust’s stock worth $231,725,000 after buying an additional 447,005 shares in the last quarter. Norges Bank bought a new position in shares of American Assets Trust during the fourth quarter worth $18,091,000. Finally, Numeric Investors LLC bought a new position in shares of American Assets Trust during the second quarter worth $16,475,000. 99.36% of the stock is currently owned by hedge funds and other institutional investors.
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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