American Assets Trust, Inc. (NYSE:AAT – Get a rating) CEO Ernest S. Rady bought 10,000 shares in a trade on Wednesday, June 15. The shares were purchased at an average cost of $29.94 per share, with a total value of $299,400.00. Following the completion of the purchase, the CEO now directly owns 2,179,698 shares of the company, valued at approximately $65,260,158.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink.
Shares of NYSE:AAT traded at $0.73 in the midday session on Wednesday, reaching $29.53. 301,674 shares of the company have been traded, compared to its average volume of 273,038. The company has a leverage ratio of 1.37, a quick ratio of 2.43 and a current ratio of 2.43. The company has a market capitalization of $1.79 billion, a PE ratio of 45.00, a P/E/G ratio of 1.74 and a beta of 1.13. The company’s fifty-day moving average price is $34.13 and its two-hundred-day moving average price is $35.67. American Assets Trust, Inc. has a 12-month low of $28.50 and a 12-month high of $40.83.
American Asset Trust (NYSE:AAT – Get a rating) last reported results on Tuesday, April 26. The real estate investment trust reported earnings per share of $0.18 for the quarter, missing the consensus estimate of $0.19 per ($0.01). American Assets Trust had a net margin of 9.57% and a return on equity of 3.10%. In the same quarter last year, the company posted EPS of $0.38. As a group, equity research analysts expect American Assets Trust, Inc. to post EPS of 2.2 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 23. Investors of record on Thursday, June 9 will receive a dividend of $0.32 per share. The ex-dividend date is Wednesday, June 8. This represents an annualized dividend of $1.28 and a dividend yield of 4.33%. American Assets Trust’s payout ratio is 200.00%.
Several large investors have recently bought and sold shares of AAT. Goldman Sachs Group Inc. increased its holdings of American Assets Trust shares by 289.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 662,031 shares of the real estate investment trust worth $24,847,000 after acquiring an additional 491,842 shares last quarter. Norges Bank acquired a new stake in American Assets Trust during the 4th quarter for a value of $18,247,000. BlackRock Inc. increased its stake in American Assets Trust by 4.1% during the 4th quarter. BlackRock Inc. now owns 9,638,363 shares of the real estate investment trust worth $361,725,000 after purchasing an additional 378,845 shares during the period. State Street Corp increased its stake in American Assets Trust by 12.1% in the first quarter. State Street Corp now owns 3,154,555 shares of the real estate investment trust worth $119,526,000 after purchasing an additional 339,960 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in American Assets Trust by 126.9% during the 4th quarter. Nuveen Asset Management LLC now owns 463,071 shares of the real estate investment trust worth $17,379,000 after purchasing an additional 259,030 shares during the period. Institutional investors and hedge funds own 94.83% of the company’s shares.
A number of stock analysts have weighed in on the stock. TheStreet upgraded shares of American Assets Trust from a “c” rating to a “b-” rating in a Monday, March 21 report. Mizuho cut its price target on American Assets Trust shares from $40.00 to $37.00 and set a “neutral” rating on the stock in a Tuesday, February 15, report. Morgan Stanley cut its price target on shares of American Assets Trust from $35.00 to $34.50 and set an “equal weight” rating on the stock in a Monday, June 6 report. To finish, StockNews.com supposed coverage of American Assets Trust shares in a Thursday, March 31 report. They issued a “holding” rating on the stock. Three equity research analysts gave the stock a hold rating and one gave the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $38.50.
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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