American Assets Trust, Inc (NYSE:AAT) CEO Ernest S. Rady purchased 259,583 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The stock was bought at an average price of $32.95 per share, with a total value of $8,553,259.85. The acquisition was disclosed in a document filed with the SEC, which is available through this link.
Shares of American Assets Trust, Inc (NYSE:AAT) traded up $0.19 during trading on Wednesday, reaching $33.06. The company had a trading volume of 614,505 shares, compared to its average volume of 289,792. The stock has a market cap of $1,560.00, a P/E ratio of 53.32, a P/E/G ratio of 3.02 and a beta of 0.49. The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.15 and a current ratio of 3.15. American Assets Trust, Inc has a 1 year low of $30.62 and a 1 year high of $44.83.
American Assets Trust (NYSE:AAT) last announced its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). The business had revenue of $81.75 million during the quarter. American Assets Trust had a return on equity of 3.76% and a net margin of 10.16%. research analysts forecast that American Assets Trust, Inc will post 2.05 earnings per share for the current year.
AAT has been the subject of a number of recent analyst reports. Zacks Investment Research lowered American Assets Trust from a “hold” rating to a “sell” rating in a research report on Friday, March 2nd. Royal Bank of Canada set a $44.00 price target on American Assets Trust and gave the company a “buy” rating in a research report on Saturday, February 17th. Mizuho upgraded American Assets Trust from a “neutral” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Thursday, February 22nd. Finally, Bank of America lowered American Assets Trust from a “neutral” rating to an “underperform” rating and set a $35.00 price target for the company. in a research report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $43.60.
A number of institutional investors have recently made changes to their positions in AAT. Victory Capital Management Inc. purchased a new stake in American Assets Trust in the 4th quarter worth about $45,358,000. American Assets Inc. lifted its stake in American Assets Trust by 3.9% in the 4th quarter. American Assets Inc. now owns 6,467,587 shares of the real estate investment trust’s stock worth $247,321,000 after acquiring an additional 242,325 shares in the last quarter. Millennium Management LLC lifted its stake in American Assets Trust by 147.7% in the 4th quarter. Millennium Management LLC now owns 381,837 shares of the real estate investment trust’s stock worth $14,601,000 after acquiring an additional 227,654 shares in the last quarter. Sei Investments Co. lifted its stake in American Assets Trust by 51.4% in the 3rd quarter. Sei Investments Co. now owns 443,439 shares of the real estate investment trust’s stock worth $21,504,000 after acquiring an additional 150,483 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its stake in American Assets Trust by 25.8% in the 4th quarter. William Blair Investment Management LLC now owns 643,088 shares of the real estate investment trust’s stock worth $24,592,000 after acquiring an additional 131,940 shares in the last quarter. 99.11% of the stock is owned by hedge funds and other institutional investors.
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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.
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