American Assets Trust, Inc. (NYSE:AAT) CEO Ernest S. Rady acquired 9,722 shares of the firm’s stock in a transaction that occurred on Friday, December 3rd. The stock was purchased at an average cost of $34.84 per share, with a total value of $338,714.48. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of NYSE:AAT traded down $0.17 during trading on Friday, reaching $35.01. 224,559 shares of the company traded hands, compared to its average volume of 279,681. The firm has a fifty day simple moving average of $38.25 and a 200 day simple moving average of $37.87. The firm has a market cap of $2.12 billion, a P/E ratio of 89.77, a price-to-earnings-growth ratio of 2.31 and a beta of 1.20. American Assets Trust, Inc. has a 1-year low of $27.15 and a 1-year high of $40.83. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.36.
American Assets Trust (NYSE:AAT) last released its quarterly earnings data on Monday, October 25th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). American Assets Trust had a net margin of 6.51% and a return on equity of 1.88%. During the same quarter last year, the business posted $0.44 earnings per share. As a group, research analysts anticipate that American Assets Trust, Inc. will post 1.94 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 23rd. Investors of record on Thursday, December 9th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Wednesday, December 8th. American Assets Trust’s payout ratio is presently 307.69%.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of American Assets Trust from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 30th. Morgan Stanley lifted their target price on shares of American Assets Trust from $36.00 to $38.50 and gave the company an “equal weight” rating in a research note on Friday, August 27th.
Hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. raised its holdings in American Assets Trust by 32.9% in the 1st quarter. Marshall Wace North America L.P. now owns 1,211 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 300 shares during the period. Metropolitan Life Insurance Co NY raised its holdings in American Assets Trust by 1.8% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 17,433 shares of the real estate investment trust’s stock worth $652,000 after acquiring an additional 306 shares during the period. Harbor Investment Advisory LLC lifted its stake in American Assets Trust by 32.4% during the second quarter. Harbor Investment Advisory LLC now owns 1,258 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 308 shares during the period. Van ECK Associates Corp boosted its holdings in American Assets Trust by 15.6% during the third quarter. Van ECK Associates Corp now owns 2,329 shares of the real estate investment trust’s stock valued at $87,000 after purchasing an additional 315 shares in the last quarter. Finally, Profund Advisors LLC lifted its position in shares of American Assets Trust by 5.6% during the 2nd quarter. Profund Advisors LLC now owns 6,836 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 362 shares during the period. 94.42% of the stock is owned by institutional investors and hedge funds.
American Assets Trust Company Profile
American Assets Trust, Inc is a real estate investment trust. It owns, operates, acquires, and develops retail shopping centers; office properties; mixed-use properties; and multifamily properties. The company operates through the following business segments: Retail, Office, Multifamily, and Mixed-Use.
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