American Assets Trust, Inc. (NYSE:AAT) Cut to “C+” at TheStreet
Other research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of American Assets Trust from a sell rating to a strong sell rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded shares of American Assets Trust from a sell rating to a hold rating in a report on Wednesday, April 5th. Finally, Canaccord Genuity upped their price objective on shares of American Assets Trust from $48.00 to $50.00 and gave the stock a buy rating in a report on Wednesday, April 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $46.00.
Shares of American Assets Trust (NYSE AAT) traded down 1.14% during midday trading on Wednesday, hitting $39.92. 189,121 shares of the company were exchanged. American Assets Trust has a one year low of $37.54 and a one year high of $46.20. The firm’s 50 day moving average price is $39.84 and its 200 day moving average price is $41.47. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 60.67 and a beta of 0.52.
American Assets Trust (NYSE:AAT) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.01. American Assets Trust had a net margin of 10.93% and a return on equity of 3.94%. The company had revenue of $77.11 million for the quarter. Analysts forecast that American Assets Trust will post $0.77 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, September 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.61%. American Assets Trust’s dividend payout ratio is currently 157.58%.
In other news, CEO Ernest S. Rady bought 39,056 shares of the stock in a transaction dated Monday, May 15th. The stock was bought at an average price of $39.40 per share, for a total transaction of $1,538,806.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernest S. Rady bought 47,976 shares of the stock in a transaction dated Wednesday, May 17th. The stock was purchased at an average price of $38.55 per share, with a total value of $1,849,474.80. The disclosure for this purchase can be found here. In the last quarter, insiders bought 537,169 shares of company stock valued at $21,234,402. 34.15% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Perigon Wealth Management LLC acquired a new position in American Assets Trust during the first quarter valued at approximately $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 in 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 in the last quarter. Daiwa Securities Group Inc. boosted its stake in 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 period. Finally, Ameritas Investment Partners Inc. bought a new stake in American Assets Trust during the first quarter valued at $141,000. Institutional investors own 99.84% of the company’s stock.
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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