American Assets Trust, Inc. (NYSE:AAT) has received a consensus rating of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $43.67.

Several analysts have recently issued reports on AAT shares. Mizuho reissued a “hold” rating and issued a $40.00 price target on shares of American Assets Trust in a research 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 target on the stock. in a research 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 report on Tuesday, October 31st.

In other news, CEO Ernest S. Rady acquired 26,230 shares of American Assets Trust stock in a transaction that occurred on Monday, November 6th. The stock was bought at an average price of $38.62 per share, with a total value of $1,013,002.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ernest S. Rady acquired 15,034 shares of American Assets Trust stock in a transaction that occurred on Friday, December 8th. The shares were purchased at an average cost of $38.47 per share, with a total value of $578,357.98. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 267,939 shares of company stock valued at $10,441,454. 34.15% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Advisor Group Inc. grew its stake in American Assets Trust by 19.7% in the 2nd quarter. Advisor Group Inc. now owns 2,663 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 439 shares in the last quarter. Riverhead Capital Management LLC grew its stake in American Assets Trust by 83.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,298 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 1,498 shares in the last quarter. Perigon Wealth Management LLC grew its stake in American Assets Trust by 55.0% in the 2nd quarter. Perigon Wealth Management LLC now owns 3,875 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 1,375 shares in the last quarter. Schroder Investment Management Group purchased a new position in American Assets Trust in the 3rd quarter worth approximately $204,000. Finally, Pinebridge Investments L.P. grew its stake in American Assets Trust by 2.5% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,462 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 132 shares in the last quarter. 98.22% of the stock is owned by institutional investors.

Shares of American Assets Trust (AAT) opened at $36.04 on Tuesday. The company has a market cap of $1,698.48, a PE ratio of 54.61, a price-to-earnings-growth ratio of 3.07 and a beta of 0.52. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.76 and a quick ratio of 2.76. 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 posted its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.35). American Assets Trust had a net margin of 10.90% and a return on equity of 3.97%. equities analysts forecast that American Assets Trust will post 2 EPS for the current year.

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

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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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