American Assets Trust, Inc (NYSE:AAT) CEO Ernest S. Rady bought 11,718 shares of American Assets Trust stock in a transaction dated Wednesday, June 13th. The stock was purchased at an average cost of $37.12 per share, for a total transaction of $434,972.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
American Assets Trust traded up $0.41, hitting $37.34, during trading hours on Thursday, according to MarketBeat Ratings. 16,146 shares of the company were exchanged, compared to its average volume of 302,916. The company has a debt-to-equity ratio of 1.55, a current ratio of 2.17 and a quick ratio of 2.17. American Assets Trust, Inc has a 52 week low of $30.62 and a 52 week high of $41.69. The stock has a market capitalization of $1.76 billion, a P/E ratio of 19.43, a PEG ratio of 3.45 and a beta of 0.43.
American Assets Trust (NYSE:AAT) last issued its quarterly earnings data on Tuesday, May 1st. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.16). American Assets Trust had a return on equity of 2.52% and a net margin of 6.60%. The company had revenue of $80.73 million for the quarter. equities research analysts anticipate that American Assets Trust, Inc will post 2.05 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Koch Industries Inc. bought a new stake in American Assets Trust during the fourth quarter worth approximately $206,000. Dynamic Technology Lab Private Ltd bought a new stake in American Assets Trust during the first quarter worth approximately $212,000. Landscape Capital Management L.L.C. bought a new stake in American Assets Trust during the fourth quarter worth approximately $245,000. Xact Kapitalforvaltning AB bought a new stake in American Assets Trust during the fourth quarter worth approximately $272,000. Finally, SG Americas Securities LLC increased its stake in American Assets Trust by 82.3% during the first quarter. SG Americas Securities LLC now owns 7,526 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 3,397 shares during the last quarter. 94.24% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on AAT shares. Royal Bank of Canada set a $44.00 target price on American Assets Trust and gave the stock a “buy” rating in a report on Saturday, February 17th. Zacks Investment Research raised American Assets Trust from a “strong sell” rating to a “hold” rating in a report on Monday, February 19th. Mizuho raised American Assets Trust from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Thursday, February 22nd. Bank of America cut American Assets Trust from a “neutral” rating to an “underperform” rating and set a $35.00 target price on the stock. in a report on Thursday, March 1st. Finally, Morgan Stanley raised American Assets Trust from an “equal” rating to a “weight” rating and set a $37.00 target price on the stock in a report on Tuesday, March 27th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $41.60.
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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