American Assets Trust, Inc. (NYSE: AAT – Get a rating) CEO Ernest S. Rady bought 10,000 shares of the company in a trade on Thursday, May 5. The stock was purchased at an average cost of $35.21 per share, with a total value of $352,100.00. Following the completion of the acquisition, the CEO now directly owns 2,026,619 shares of the company, valued at approximately $71,357,254.99. The transaction was disclosed in a legal filing with the SEC, accessible via this link.
Shares of AAT were down $0.46 during Friday trading hours, hitting $34.38. 188,199 shares were traded, against an average volume of 276,484. The company has a debt ratio of 1.37, a quick ratio of 3.56 and a current ratio of 2.43. American Assets Trust, Inc. has a 12-month low of $33.27 and a 12-month high of $40.83. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 54.44, a growth price-to-earnings ratio of 2.26 and a beta of 1.13. The stock’s 50-day moving average price is $36.64 and its two-hundred-day moving average price is $36.87.
American Assets Trust (NYSE: AAT – Get a rating) last released its quarterly results on Tuesday, April 26. The real estate investment trust reported EPS of $0.18 for the quarter, missing the consensus estimate of $0.19 per ($0.01). American Assets Trust had a return on equity of 3.10% and a net margin of 9.57%. During the same period of the previous year, the company achieved EPS of $0.38. On average, research analysts expect American Assets Trust, Inc. to post earnings per share of 2.16 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 23. Shareholders of record on Thursday, June 9 will receive a dividend of $0.32. This represents an annualized dividend of $1.28 and a yield of 3.72%. The ex-dividend date is Wednesday, June 8. American Assets Trust’s payout ratio is currently 200.00%.
A number of large investors have recently changed their holdings in the company. Weil Company Inc. increased its holdings in American Assets Trust by 4.6% in the first quarter. Weil Company Inc. now owns 8,965 shares of the real estate investment trust valued at $340,000 after buying 394 additional shares last quarter. American Assets Investment Management LLC increased its stake in shares of American Assets Trust by 0.7% in the 1st quarter. American Assets Investment Management LLC now owns 1,475,336 shares of the real estate investment trust worth $55,900,000 after buying an additional 10,000 shares in the last quarter. American Assets Inc. increased its stake in American Assets Trust by 0.4% in the 1st quarter. American Assets Inc. now owns 7,107,002 shares of the real estate investment trust worth $269,284,000 after acquiring 28,718 additional shares last quarter. Russell Investments Group Ltd. increased its holdings in American Assets Trust by 33.6% during the first quarter. Russell Investments Group Ltd. now owns 8,067 shares of the real estate investment trust valued at $310,000 after acquiring an additional 2,030 shares during the period. Finally, Advisor Group Holdings Inc. increased its stake in American Assets Trust by 15.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 11,560 shares of the real estate investment trust worth $512,000 after acquiring 1,533 additional shares during the period. Institutional investors hold 94.83% of the company’s shares.
A number of research analysts have published reports on the company. Zacks Investment Research upgraded American Assets Trust from a “sell” rating to a “hold” rating in a Wednesday, March 23 report. TheStreet upgraded American Assets Trust from a “c” rating to a “b-” rating in a Monday, March 21 report. Morgan Stanley lowered its price target on American Assets Trust from $37.00 to $35.00 and set an “equal weight” rating for the company in a Monday, March 21 report. Mizuho cut its price target on American Assets Trust from $40.00 to $37.00 and set a “neutral” rating for the company in a Tuesday, February 15 report. To finish, StockNews.com launched coverage on American Assets Trust in a research report on Thursday, March 31. They issued a “hold” rating for the company. Four research analysts rated the stock with a hold rating and one gave the company a buy rating. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $39.25.
American Assets Trust Company Profile (Get a rating)
American Assets Trust, Inc is a full-service, vertically integrated, self-administered real estate investment trust or REIT, headquartered in San Diego, California. The company has more than 50 years of experience acquiring, improving, developing and managing prime office, retail and residential properties across the United States in some of the world’s toughest markets. most dynamic and difficult to access in the country, mainly in southern California, northern California, Oregon, Washington, Texas and Hawaii.
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