American Asset Trust (NYSE:AAT – Get a rating) saw its target price lowered by Mizuho stock research analysts from $37.00 to $30.00 in a research report released Wednesday to clients and investors, Fly reports. The company currently has a “holds” rating on the shares of the real estate investment trust. Mizuho’s price target suggests a potential decline of 0.89% from the current share price.
AAT has been the subject of several other research reports. KeyCorp reissued a “sector weight” rating on American Assets Trust shares in a Thursday, July 14, report. Morgan Stanley lowered its price target on American Assets Trust from $34.50 to $25.50 and set an “equal weight” rating on the stock in a Friday, July 15 report. StockNews.com began covering American Assets Trust in a report on Thursday, March 31. They have placed a “holding” rating on the stock. Finally, TheStreet downgraded American Assets Trust from a “b-” rating to a “c+” rating in a report on Thursday, June 16. Three analysts 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 $27.75.
American Assets Trust Stock Performance
AAT opened at $30.27 on Wednesday. The company has a market capitalization of $1.83 billion, a P/E ratio of 45.18, a price-to-earnings growth ratio of 1.67 and a beta of 1.14. The stock’s 50-day moving average price is $30.68 and its two-hundred-day moving average price is $34.21. 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 has a 12-month low of $28.38 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 (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 9.68% and a return on equity of 3.24%. During the same period last year, the company posted earnings per share of $0.38. On average, stock analysts expect American Assets Trust to post 2.2 earnings per share for the current year.
Insider buying and selling
In other American Assets Trust news, CEO Ernest S. Rady acquired 9,614 shares of the company in a transaction on Tuesday, May 3. The stock was purchased at an average price of $35.37 per share, for a total transaction of $340,047.18. As a result of the transaction, the CEO now owns 2,009,039 shares of the company, valued at approximately $71,059,709.43. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. In other news from American Assets Trust, CEO Ernest S. Rady acquired 9,614 shares of the company in a transaction on Tuesday, May 3. The shares were purchased at an average price of $35.37 per share, for a total transaction of $340,047.18. As a result of the transaction, the CEO now owns 2,009,039 shares of the company, valued at approximately $71,059,709.43. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Also, CEO Ernest S. Rady acquired 10,000 shares of the company in a transaction on Thursday, May 5. The shares were acquired at an average price of $35.21 per share, with a total value of $352,100.00. As a result of the transaction, the CEO now owns 2,026,619 shares of the company, valued at approximately $71,357,254.99. Disclosure of this purchase can be found here. Insiders have purchased 110,811 shares of the company worth $3,622,831 over the past 90 days. 34.38% of the shares are held by insiders of the company.
Institutional investors weigh in on American Assets Trust
Hedge funds and other institutional investors have recently changed their positions in the company. CWM LLC increased its equity stake in American Assets Trust by 210.2% in Q1. CWM LLC now owns 698 shares of the real estate investment trust worth $26,000 after purchasing an additional 473 shares during the period. Ellevest Inc. increased its stake in shares of American Assets Trust to 97.6% in the 1st quarter. Ellevest Inc. now owns 727 shares of the real estate investment trust worth $28,000 after purchasing an additional 359 shares during the period. Quadrant Capital Group LLC increased its equity stake in 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 valued at $65,000 after purchasing an additional 700 shares during the period. US Asset Management LLC acquired a new equity stake in American Assets Trust during the first quarter at a value of $69,000. Finally, Wolverine Asset Management LLC acquired a new equity stake in American Assets Trust during the fourth quarter at a value of $129,000. 94.83% of the shares are held by institutional investors and hedge funds.
American Assets Trust Company Profile
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.
Get news and reviews for American Assets Trust Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for American Assets Trust and related companies with MarketBeat.com’s free daily email newsletter.