American Assets Trust (AAT) Getting Somewhat Positive Press Coverage, Report Finds

Press coverage about American Assets Trust (NYSE:AAT) has been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. American Assets Trust earned a news impact score of 0.12 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 45.4659557526022 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:

A number of brokerages have recently commented on AAT. Mizuho restated a “hold” rating and issued a $40.00 price objective on shares of American Assets Trust in a report on Friday, November 10th. Bank of America lowered shares of American Assets Trust from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a report on Thursday, November 2nd. Finally, Zacks Investment Research lowered shares of American Assets Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $44.00.

Shares of American Assets Trust (AAT) opened at $36.04 on Tuesday. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $1,698.48, a price-to-earnings ratio of 54.61, a PEG ratio of 3.07 and a beta of 0.52. American Assets Trust has a 12 month low of $35.82 and a 12 month high of $44.83.

American Assets Trust (NYSE:AAT) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.35). American Assets Trust had a return on equity of 3.97% and a net margin of 10.90%. research analysts anticipate that American Assets Trust will post 2 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Wednesday, December 6th. This is an increase from American Assets Trust’s previous quarterly dividend of $0.26. American Assets Trust’s dividend payout ratio is 163.64%.

In other American Assets Trust news, CEO Ernest S. Rady bought 85,155 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average cost of $38.84 per share, for a total transaction of $3,307,420.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ernest S. Rady bought 5,825 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were acquired at an average price of $39.46 per share, for a total transaction of $229,854.50. The disclosure for this purchase can be found here. Insiders have bought a total of 267,939 shares of company stock worth $10,441,454 over the last 90 days. Corporate insiders own 34.15% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for American Assets Trust (NYSE:AAT)

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