American Assets Trust (NYSE: AAT – Get a rating) will release its earnings data after the market closes on Tuesday, October 25. Analysts expect American Assets Trust to post earnings of $0.55 per share for the quarter. Individuals wishing to register for the company’s earnings conference call can do so using this link.
American Assets Trust Stock Performance
Shares of American Assets Trust opened at $26.01 on Tuesday. The company has a fifty-day moving average of $27.33 and a two-hundred-day moving average of $30.60. The stock has a market capitalization of $1.57 billion, a price/earnings ratio of 38.82, a PEG ratio of 1.38 and a beta of 1.08. American Assets Trust has a 52-week low of $24.00 and a 52-week high of $40.83. The company has a debt ratio of 1.38, a quick ratio of 2.34 and a current ratio of 2.34.
American Assets Trust announces dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 22. Shareholders of record on Thursday, September 8 received a dividend of $0.32. This represents an annualized dividend of $1.28 and a dividend yield of 4.92%. The ex-dividend date was Wednesday, September 7. American Assets Trust’s dividend payout ratio (DPR) is 191.04%.
Insider Trading at American Assets Trust
In other American Assets Trust news, CEO Ernest S. Rady acquired 10,000 shares of American Assets Trust in a transaction dated Wednesday, August 3. The stock was purchased at an average price of $29.40 per share, for a total transaction of $294,000.00. Following the purchase, the CEO now directly owns 6,610,784 shares of the company, valued at approximately $194,357,049.60. The purchase was disclosed in an SEC filing, available at the SEC website. Separately, CEO Ernest S. Rady purchased 10,000 shares of the company in a trade dated Wednesday, August 3. The shares were purchased at an average cost of $29.40 per share, with a total value of $294,000.00. Following the acquisition, the CEO now owns 6,610,784 shares of the company, valued at $194,357,049.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. Also, CEO Ernest S. Rady purchased 87,324 shares of the company in a trade dated Thursday, September 15. The shares were purchased at an average cost of $26.99 per share, for a total transaction of $2,356,874.76. Following the completion of the acquisition, the CEO now owns 6,942,855 shares of the company, valued at approximately $187,387,656.45. Disclosure of this purchase can be found here. Insiders have acquired a total of 259,395 shares of the company worth $7,386,977 over the past three months. Insiders hold 34.38% of the shares of the company.
Institutional entries and exits
Several large investors have recently bought and sold shares of the stock. First Trust Advisors LP increased its stake in American Assets Trust by 3.5% in the first quarter. First Trust Advisors LP now owns 27,970 shares of the real estate investment trust worth $1,060,000 after acquiring an additional 936 shares during the period. Great West Life Assurance Co. Can increased its position in American Assets Trust shares by 1.1% during the first quarter. Great West Life Assurance Co. Can now owns 87,693 shares of the real estate investment trust worth $3,424,000 after purchasing an additional 982 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of American Assets Trust during Q2 worth approximately $42,000. Rhumbline Advisers increased its position in American Assets Trust shares by 1.6% during the first quarter. Rhumbline Advisers now owns 150,162 shares of the real estate investment trust worth $5,690,000 after buying 2,368 additional shares in the last quarter. Finally, Vident Investment Advisory LLC increased its position in American Assets Trust shares by 6.9% during the first quarter. Vident Investment Advisory LLC now owns 47,689 shares of the real estate investment trust worth $1,806,000 after purchasing an additional 3,059 shares in the last quarter. 94.96% of the shares are held by institutional investors.
Analysts set new price targets
Several brokerages have recently released reports on AAT. KeyCorp reissued a “sector weight” rating on American Assets Trust shares in a Thursday, July 14, report. Morgan Stanley raised its price target on American Assets Trust shares from $25.50 to $28.00 and gave the company an “equal weight” rating in a Monday, Aug. 29 report. To finish, StockNews.com began covering American Assets Trust stocks in a research note on Wednesday, October 12. They issued a “hold” rating for the company. Four analysts have rated the stock with a holding rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $32.50.
About American Assets Trust
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 the most barrier to entry in the country, mainly in southern California, northern California, Oregon, Washington, Texas and Hawaii.
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