American Assets Trust (AAT) – Research Analysts’ Weekly Ratings Changes

American Assets Trust (NYSE: AAT) has recently received a number of price target changes and ratings updates:

  • 12/1/2018 – American Assets Trust was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 11/27/2018 – American Assets Trust was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “American Assets, Inc. is a real estate investment trust, or REIT, that owns, operates, acquires and develops retail and office properties primarily in Southern California, Northern California and Hawaii. The trusts assets include retail properties, office properties, Waikiki Beach Walk property and multifamily properties. American Assets, Inc. is based in San Diego, California. “
  • 11/26/2018 – American Assets Trust was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $44.00 price target on the stock. According to Zacks, “American Assets, Inc. is a real estate investment trust, or REIT, that owns, operates, acquires and develops retail and office properties primarily in Southern California, Northern California and Hawaii. The trusts assets include retail properties, office properties, Waikiki Beach Walk property and multifamily properties. American Assets, Inc. is based in San Diego, California. “
  • 11/21/2018 – American Assets Trust was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “American Assets, Inc. is a real estate investment trust, or REIT, that owns, operates, acquires and develops retail and office properties primarily in Southern California, Northern California and Hawaii. The trusts assets include retail properties, office properties, Waikiki Beach Walk property and multifamily properties. American Assets, Inc. is based in San Diego, California. “
  • 11/20/2018 – American Assets Trust was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $45.00 price target on the stock. According to Zacks, “American Assets, Inc. is a real estate investment trust, or REIT, that owns, operates, acquires and develops retail and office properties primarily in Southern California, Northern California and Hawaii. The trusts assets include retail properties, office properties, Waikiki Beach Walk property and multifamily properties. American Assets, Inc. is based in San Diego, California. “
  • 11/7/2018 – American Assets Trust had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $43.00 price target on the stock.

AAT stock opened at $41.62 on Monday. American Assets Trust, Inc has a 1-year low of $30.62 and a 1-year high of $41.78. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 3.74 and a beta of 0.23.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.28). American Assets Trust had a return on equity of 2.43% and a net margin of 6.09%. The business had revenue of $82.51 million during the quarter, compared to the consensus estimate of $79.33 million. On average, sell-side analysts expect that American Assets Trust, Inc will post 2.1 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Thursday, December 13th will be given a dividend of $0.28 per share. This is an increase from American Assets Trust’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Wednesday, December 12th. American Assets Trust’s dividend payout ratio is currently 56.25%.

In other news, CEO Ernest S. Rady bought 5,844 shares of the stock in a transaction dated Monday, November 26th. The stock was purchased at an average cost of $39.46 per share, for a total transaction of $230,604.24. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ernest S. Rady bought 9,626 shares of the stock in a transaction dated Wednesday, November 21st. The shares were purchased at an average price of $39.75 per share, with a total value of $382,633.50. The disclosure for this purchase can be found here. Insiders have bought a total of 98,350 shares of company stock valued at $3,861,745 over the last quarter. Corporate insiders own 37.90% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in AAT. Point72 Hong Kong Ltd raised its holdings in American Assets Trust by 277.1% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,719 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 1,998 shares during the period. Quantbot Technologies LP increased its stake in American Assets Trust by 164.9% in the third quarter. Quantbot Technologies LP now owns 3,986 shares of the real estate investment trust’s stock worth $148,000 after purchasing an additional 2,481 shares during the period. Picton Mahoney Asset Management purchased a new stake in American Assets Trust in the second quarter worth $206,000. Amalgamated Bank purchased a new stake in American Assets Trust in the second quarter worth $216,000. Finally, United Services Automobile Association purchased a new stake in American Assets Trust in the second quarter worth $227,000. Institutional investors own 95.32% of the company’s stock.

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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