American Assets Trust, Inc (NYSE:AAT) CEO Ernest S. Rady bought 64,775 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average price of $32.56 per share, for a total transaction of $2,109,074.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of American Assets Trust, Inc (NYSE:AAT) traded up $0.20 during mid-day trading on Thursday, hitting $31.92. The stock had a trading volume of 121,147 shares, compared to its average volume of 232,624. American Assets Trust, Inc has a one year low of $30.62 and a one year high of $44.83. The firm has a market cap of $1,502.99, a PE ratio of 51.16, a PEG ratio of 2.84 and a beta of 0.40. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.57.
American Assets Trust (NYSE:AAT) last issued its quarterly earnings results 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). American Assets Trust had a net margin of 10.16% and a return on equity of 3.76%. The firm had revenue of $81.75 million for the quarter. sell-side analysts predict that American Assets Trust, Inc will post 2.06 EPS for the current year.
Several analysts recently commented on AAT shares. Bank of America cut American Assets Trust from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a research report on Thursday, November 2nd. Mizuho restated a “hold” rating and issued a $40.00 target price on shares of American Assets Trust in a research report on Friday, November 10th. Royal Bank of Canada set a $44.00 target price on American Assets Trust and gave the company a “buy” rating in a research report on Saturday, February 17th. Finally, Zacks Investment Research upgraded American Assets Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, February 19th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. American Assets Trust currently has an average rating of “Hold” and a consensus price target of $43.60.
Several hedge funds have recently modified their holdings of AAT. Schroder Investment Management Group acquired a new position in shares of American Assets Trust during the 3rd quarter valued at $204,000. Koch Industries Inc. acquired a new position in shares of American Assets Trust in the 4th quarter worth $206,000. Stifel Financial Corp acquired a new position in shares of American Assets Trust in the 3rd quarter worth $222,000. Cubist Systematic Strategies LLC acquired a new position in shares of American Assets Trust in the 2nd quarter worth $225,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of American Assets Trust in the 4th quarter worth $245,000. Institutional investors own 99.48% of the company’s stock.
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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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