American Assets Trust, Inc. (NYSE:AAT) has been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $47.00.

A number of research analysts have recently issued reports on the stock. Bank of America Corporation downgraded shares of American Assets Trust from a “buy” rating to a “neutral” rating in a research report on Thursday. Zacks Investment Research downgraded shares of American Assets Trust from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub raised shares of American Assets Trust from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, TheStreet cut shares of American Assets Trust from a “b-” rating to a “c+” rating in a research note on Wednesday, July 26th.

In other American Assets Trust news, CEO Ernest S. Rady acquired 21,553 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was acquired at an average cost of $40.83 per share, for a total transaction of $880,008.99. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ernest S. Rady acquired 1,010 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were acquired at an average price of $40.79 per share, with a total value of $41,197.90. The disclosure for this purchase can be found here. Insiders purchased a total of 424,319 shares of company stock valued at $17,117,491 over the last quarter. 34.15% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pinebridge Investments L.P. lifted its stake in American Assets Trust by 2.5% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,462 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 132 shares during the period. Amalgamated Bank lifted its stake in American Assets Trust by 5.6% during the 2nd quarter. Amalgamated Bank now owns 5,561 shares of the real estate investment trust’s stock valued at $219,000 after acquiring an additional 296 shares during the period. Louisiana State Employees Retirement System lifted its stake in American Assets Trust by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 16,900 shares of the real estate investment trust’s stock valued at $666,000 after acquiring an additional 300 shares during the period. Arizona State Retirement System lifted its stake in American Assets Trust by 1.4% during the 2nd quarter. Arizona State Retirement System now owns 21,602 shares of the real estate investment trust’s stock valued at $851,000 after acquiring an additional 300 shares during the period. Finally, BB&T Securities LLC lifted its stake in American Assets Trust by 5.6% during the 2nd quarter. BB&T Securities LLC now owns 6,751 shares of the real estate investment trust’s stock valued at $265,000 after acquiring an additional 358 shares during the period. Institutional investors and hedge funds own 97.59% of the company’s stock.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings data 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). American Assets Trust had a return on equity of 3.97% and a net margin of 10.90%. The firm had revenue of $77.11 million during the quarter.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, December 6th. This is a boost from American Assets Trust’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 2.78%. American Assets Trust’s dividend payout ratio (DPR) is 157.58%.

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American Assets Trust Company Profile

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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