American Assets Trust (AAT) Receiving Somewhat Positive Press Coverage, Analysis Shows
Media headlines about American Assets Trust (NYSE:AAT) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. American Assets Trust earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 45.5000878218144 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- American Assets Trust, Inc. (AAT) Downgraded by Zacks Investment Research to Hold (americanbankingnews.com)
- Insider Trading Activity American Assets Trust, Inc. (NYSE:AAT) – CEO Bought 9,438 shares of Stock (4-traders.com)
- Don't Sell Federal Realty's (FRT) Stock Now: Here's Why (finance.yahoo.com)
- BidaskClub Upgrades American Assets Trust, Inc. (AAT) to “Sell” (americanbankingnews.com)
- American Assets Trust Inc (AAT) Chairman, CEO & President Ernest S Rady Bought $381,767 of … (finance.yahoo.com)
American Assets Trust (NYSE:AAT) traded down 0.50% on Wednesday, hitting $40.11. The stock had a trading volume of 25,025 shares. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 60.96 and a beta of 0.52. American Assets Trust has a 1-year low of $37.54 and a 1-year high of $45.50. The company’s 50 day moving average is $40.04 and its 200-day moving average is $41.17.
American Assets Trust (NYSE:AAT) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $77.11 million during the quarter. American Assets Trust had a return on equity of 3.94% and a net margin of 10.93%. On average, analysts forecast that American Assets Trust will post $0.63 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Wednesday, September 13th. American Assets Trust’s dividend payout ratio (DPR) is presently 157.58%.
A number of research firms have recently weighed in on AAT. Zacks Investment Research raised American Assets Trust from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Friday, July 14th. BidaskClub raised American Assets Trust from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 15th. Finally, TheStreet downgraded American Assets Trust from a “b-” rating to a “c+” rating in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. American Assets Trust currently has a consensus rating of “Hold” and a consensus price target of $46.33.
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In other news, CEO Ernest S. Rady purchased 42,950 shares of the business’s stock in a transaction on Friday, June 9th. The shares were acquired at an average price of $40.25 per share, with a total value of $1,728,737.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ernest S. Rady purchased 9,438 shares of the business’s stock in a transaction on Friday, August 25th. The stock was purchased at an average cost of $40.45 per share, for a total transaction of $381,767.10. The disclosure for this purchase can be found here. In the last three months, insiders acquired 438,546 shares of company stock worth $17,641,014. Insiders own 34.15% of the company’s stock.
About American Assets Trust
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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