American Assets Trust, Inc. (NYSE: AAT – Get a rating) CEO Ernest S. Rady acquired 10,000 shares of the company in a transaction on Thursday, May 12. The shares were purchased at an average cost of $32.00 per share, for a total transaction of $320,000.00. Following the completion of the acquisition, the CEO now directly owns 2,066,619 shares of the company, valued at approximately $66,131,808. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link.
Shares of American Assets Trust were up $0.55 on Friday, hitting $32.89. 335,802 shares of the company have traded, compared to its average volume of 277,302. The company has a leverage ratio of 1.37, a current ratio of 2.43 and a quick ratio of 2.43. American Assets Trust, Inc. has a one-year low of $31.63 and a one-year high of $40.83. The company’s 50-day moving average price is $36.33 and its two-hundred-day moving average price is $36.70. The stock has a market capitalization of $1.99 billion, a PE ratio of 50.53, a growth price-earnings ratio of 2.06 and a beta of 1.13.
American Assets 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 return on equity of 3.10% and a net margin of 9.57%. During the same period a year earlier, the company posted EPS of $0.38. On average, analysts expect American Assets Trust, Inc. to post earnings per share of 2.16 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. The ex-dividend date is Wednesday, June 8. This represents an annualized dividend of $1.28 and a yield of 3.89%. American Assets Trust’s dividend payout ratio (DPR) is currently 200.00%.
Several research analysts have recently commented on the company. StockNews.com assumed hedging on American Assets Trust in a Thursday, March 31 report. They issued a “hold” rating on the stock. TheStreet upgraded 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 from $40.00 to $37.00 and set a “neutral” rating on the stock in a Tuesday, February 15 report. Zacks Investment Research upgraded American Assets Trust from a “sell” rating to a “hold” rating in a Wednesday, March 23 report. Finally, Morgan Stanley lowered its price target on American Assets Trust shares from $37.00 to $35.00 and set an “equal weight” rating for the company in a Monday, March 21 research report. . Four analysts rated the stock with a hold rating and one gave the stock a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $39.25.
A number of institutional investors have recently increased or reduced their stake in the company. Vestcor Inc bought a new stock position in American Assets Trust during the third quarter worth approximately $1,505,000. Brown Advisory Inc. acquired a new stake in American Assets Trust in the fourth quarter valued at approximately $315,000. California State Teachers Retirement System increased its holdings of American Assets Trust shares 0.9% during the third quarter. California State Teachers Retirement System now owns 69,465 shares of the real estate investment trust worth $2,599,000 after purchasing an additional 635 shares during the period. Alps Advisors Inc. increased its holdings of American Assets Trust shares by 73.8% during the fourth quarter. Alps Advisors Inc. now owns 42,810 shares of the real estate investment trust worth $1,607,000 after purchasing an additional 18,184 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC increased its stake in American Assets Trust shares by 10.4% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,848,306 shares of the REIT worth $69,164,000 after purchasing an additional 174,051 shares during the period. 94.83% of the shares are currently held by hedge funds and other institutional investors.
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.
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