American Assets Trust (NYSE:AAT) Raised to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of American Assets Trust (NYSE:AAT) from a sell rating to a hold rating in a research report report published on Monday, Zacks.com reports.

According to Zacks, “American Assets, Inc. is a real estate investment trust, or REIT, that owns, operates, acquires and develops retail and office properties primarily in Southern California, Northern California and Hawaii. The trusts assets include retail properties, office properties, Waikiki Beach Walk property and multifamily properties. American Assets, Inc. is based in San Diego, California. “

Other equities analysts also recently issued reports about the company. ValuEngine downgraded American Assets Trust from a buy rating to a hold rating in a research report on Thursday, August 1st. Morgan Stanley set a $51.00 price objective on American Assets Trust and gave the stock a buy rating in a research report on Wednesday, June 19th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $50.00.

NYSE AAT opened at $47.68 on Monday. The company has a market cap of $2.81 billion, a P/E ratio of 22.81, a P/E/G ratio of 3.39 and a beta of 0.36. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a 50-day moving average of $46.91 and a two-hundred day moving average of $46.50. American Assets Trust has a 1-year low of $35.92 and a 1-year high of $48.30.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.34). American Assets Trust had a return on equity of 3.99% and a net margin of 11.08%. The company had revenue of $84.11 million for the quarter, compared to analyst estimates of $80.72 million. On average, analysts anticipate that American Assets Trust will post 2.22 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Wednesday, September 11th. American Assets Trust’s dividend payout ratio is presently 53.59%.

Several institutional investors have recently made changes to their positions in AAT. Advisory Services Network LLC acquired a new position in American Assets Trust in the second quarter valued at approximately $25,000. Point72 Asset Management L.P. acquired a new position in American Assets Trust in the second quarter valued at approximately $47,000. Marshall Wace North America L.P. boosted its holdings in American Assets Trust by 32.9% in the first quarter. Marshall Wace North America L.P. now owns 1,211 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 300 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in American Assets Trust in the second quarter valued at approximately $99,000. Finally, USA Financial Portformulas Corp boosted its holdings in American Assets Trust by 8.3% in the second quarter. USA Financial Portformulas Corp now owns 4,343 shares of the real estate investment trust’s stock valued at $199,000 after purchasing an additional 332 shares in the last quarter. 96.12% of the stock is owned by institutional investors and hedge funds.

American Assets Trust Company Profile

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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