American Assets Trust, Inc. (NYSE: AAT – Get a rating) CEO Ernest S. Rady purchased 10,000 shares of the company in a transaction that took place on Monday, June 6. The stock was purchased at an average price of $32.71 per share, for a total transaction of $327,100.00. Following completion of the transaction, the CEO now directly owns 2,147,816 shares of the company, valued at approximately $70,255,061.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available at the SEC website.
Shares of AAT traded down $1.13 at midday Wednesday, hitting $31.81. 148,036 shares of the stock traded in hands, compared to its average volume of 272,706. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 49.53, a P/E/ G of 1.84 and a beta of 1.13. The stock has a fifty-day simple moving average of $34.88 and a 200-day simple moving average of $35.92. American Assets Trust, Inc. has a 12-month low of $30.97 and a 12-month high of $40.83. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt ratio of 1.37.
American Assets Trust (NYSE: AAT – Get a rating) last released its quarterly earnings data on Tuesday, April 26. The real estate investment trust reported earnings per share (EPS) of $0.18 for the quarter, missing analyst consensus estimates 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 a year earlier, the company posted EPS of $0.38. On average, equity research analysts expect American Assets Trust, Inc. to post earnings per share of 2.17 for the current fiscal 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 per share. The ex-dividend date is Wednesday, June 8. This represents a dividend of $1.28 on an annualized basis and a dividend yield of 4.02%. American Assets Trust’s dividend payout ratio is currently 200.00%.
A number of brokerages have weighed in on AAT. 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 research report. StockNews.com began covering American Assets Trust stocks in a research report on Thursday, March 31. They have set a “holding” rating on the stock. TheStreet upgraded shares of American Assets Trust from a “c” rating to a “b-” rating in a Monday, March 21 research report. Zacks Investment Research cut shares of American Assets Trust from a “buy” rating to a “hold” rating in a Wednesday, May 25 research report. Finally, Morgan Stanley cut its price target on American Assets Trust shares from $35.00 to $34.50 and set an “equal weight” rating on the stock in a research report on Monday. Four equity research analysts gave the stock a hold rating and one gave the company a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $37.63.
Large investors have recently changed their stock holdings. CWM LLC increased its stake in shares of American Assets Trust by 210.2% in the first quarter. CWM LLC now owns 698 shares of the real estate investment trust worth $26,000 after purchasing an additional 473 shares in the last quarter. Ellevest Inc. increased its stake in American Assets Trust shares to 97.6% in the first quarter. Ellevest Inc. now owns 727 shares of the real estate investment trust worth $28,000 after buying 359 additional shares in the last quarter. Marshall Wace North America LP increased its stake in shares of American Assets Trust by 32.9% in the first quarter. Marshall Wace North America LP now owns 1,211 shares of the real estate investment trust worth $56,000 after buying 300 more shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of American Assets Trust by 68.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,726 shares of the real estate investment trust worth $65,000 after purchasing an additional 700 shares in the last quarter. Finally, US Asset Management LLC purchased a new equity stake in American Assets Trust in the first quarter at a value of $69,000. Institutional investors and hedge funds own 94.83% of the company’s shares.
About American Assets Trust (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.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in American Assets Trust right now?
Before you consider American Assets Trust, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes over…and American Assets Trust was not on the list.
While American Assets Trust currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here