American Assets Trust, Inc. (NYSE:AAT) – Equities research analysts at KeyCorp increased their FY2018 earnings estimates for American Assets Trust in a note issued to investors on Wednesday. KeyCorp analyst T. Thomas now anticipates that the real estate investment trust will post earnings per share of $2.24 for the year, up from their previous forecast of $2.23.

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Several other analysts also recently commented on the company. Zacks Investment Research upgraded American Assets Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, April 5th. Canaccord Genuity raised their target price on American Assets Trust from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, April 12th. Finally, BidaskClub upgraded American Assets Trust from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $47.75.

Shares of American Assets Trust (NYSE AAT) opened at 39.61 on Friday. American Assets Trust has a one year low of $37.54 and a one year high of $46.38. The stock has a 50 day moving average price of $39.75 and a 200-day moving average price of $42.00. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 55.87 and a beta of 0.52.

A number of institutional investors have recently made changes to their positions in AAT. Perigon Wealth Management LLC acquired a new position in shares of American Assets Trust during the first quarter valued at $105,000. LS Investment Advisors LLC boosted its position in shares of American Assets Trust by 75.0% in the first quarter. LS Investment Advisors LLC now owns 2,531 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 1,085 shares during the last quarter. Elkfork Partners LLC boosted its position in shares of American Assets Trust by 10.8% in the first quarter. Elkfork Partners LLC now owns 2,884 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 280 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of American Assets Trust by 39.1% in the first quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 900 shares during the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of American Assets Trust during the first quarter valued at $141,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

In other American Assets Trust news, CEO Ernest S. Rady purchased 46,140 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were acquired at an average price of $39.21 per share, with a total value of $1,809,149.40. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ernest S. Rady purchased 39,056 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was acquired at an average cost of $39.40 per share, for a total transaction of $1,538,806.40. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 537,169 shares of company stock worth $21,234,402. 34.15% of the stock is owned by insiders.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 29th. Investors of record on Thursday, June 15th were given a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $1.04 annualized dividend and a yield of 2.63%. American Assets Trust’s payout ratio is 146.48%.

American Assets Trust Company Profile

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires and develops retail, office, multifamily and mixed-use properties in Southern California, Northern California, Oregon, Washington, Texas and Hawaii markets.

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