Shares of American Assets Trust, Inc (NYSE:AAT) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $40.75.
Several equities analysts have issued reports on AAT shares. Morgan Stanley lifted their price target on shares of American Assets Trust from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Thursday, June 14th. Zacks Investment Research raised shares of American Assets Trust from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Wednesday, July 11th. Finally, ValuEngine raised shares of American Assets Trust from a “sell” rating to a “hold” rating in a report on Tuesday, June 26th.
NYSE AAT traded up $0.27 on Monday, hitting $36.62. The stock had a trading volume of 292,812 shares, compared to its average volume of 266,827. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 1.56. American Assets Trust has a 52-week low of $30.62 and a 52-week high of $41.69. The firm has a market capitalization of $1.76 billion, a P/E ratio of 19.07, a P/E/G ratio of 3.38 and a beta of 0.32.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 27th. Shareholders of record on Thursday, September 13th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.95%. The ex-dividend date was Wednesday, September 12th. American Assets Trust’s dividend payout ratio is currently 56.25%.
In other news, CEO Ernest S. Rady purchased 7,001 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were acquired at an average cost of $38.67 per share, with a total value of $270,728.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernest S. Rady purchased 5,000 shares of the business’s stock in a transaction on Monday, August 6th. The stock was purchased at an average cost of $38.78 per share, for a total transaction of $193,900.00. The disclosure for this purchase can be found here. 37.90% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. United Services Automobile Association purchased a new stake in shares of American Assets Trust during the second quarter valued at $227,000. Bank of New York Mellon Corp grew its holdings in shares of American Assets Trust by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 618,548 shares of the real estate investment trust’s stock valued at $23,684,000 after buying an additional 5,035 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of American Assets Trust during the second quarter valued at $7,733,000. Jane Street Group LLC purchased a new stake in shares of American Assets Trust during the second quarter valued at $1,033,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of American Assets Trust during the second quarter valued at $831,000. 94.44% of the stock is currently owned by hedge funds and other institutional investors.
About American Assets Trust
American Assets Trust, Inc (the ?company?) is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier retail, office and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Oregon, Washington, Texas and Hawaii.
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