American Assets Trust, Inc. (NYSE:AAT – Get Rating) CEO Ernest S. Rady acquired 10,000 shares of the stock in a transaction dated Monday, May 16th. The stock was acquired at an average cost of $32.70 per share, for a total transaction of $327,000.00. Following the purchase, the chief executive officer now directly owns 2,086,619 shares in the company, valued at $68,232,441.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
American Assets Trust stock traded down $0.81 during trading hours on Wednesday, hitting $32.75. The company had a trading volume of 289,207 shares, compared to its average volume of 276,560. The firm has a market capitalization of $1.98 billion, a P/E ratio of 51.17, a price-to-earnings-growth ratio of 2.09 and a beta of 1.12. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.43 and a quick ratio of 2.43. The firm’s fifty day moving average is $36.00 and its 200-day moving average is $36.53. American Assets Trust, Inc. has a fifty-two week low of $31.63 and a fifty-two week high of $40.83.
American Assets Trust (NYSE:AAT – Get Rating) last posted its quarterly earnings results on Tuesday, April 26th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). American Assets Trust had a return on equity of 3.10% and a net margin of 9.57%. During the same quarter last year, the company earned $0.38 earnings per share. Analysts anticipate that American Assets Trust, Inc. will post 2.16 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vestcor Inc acquired a new position in shares of American Assets Trust in the third quarter worth $1,505,000. Brown Advisory Inc. acquired a new position in shares of American Assets Trust in the fourth quarter worth $315,000. California State Teachers Retirement System increased its stake in shares of American Assets Trust by 0.9% in the third quarter. California State Teachers Retirement System now owns 69,465 shares of the real estate investment trust’s stock worth $2,599,000 after acquiring an additional 635 shares during the last quarter. Alps Advisors Inc. increased its stake in shares of American Assets Trust by 73.8% in the fourth quarter. Alps Advisors Inc. now owns 42,810 shares of the real estate investment trust’s stock worth $1,607,000 after acquiring an additional 18,184 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC increased its stake in shares of American Assets Trust by 10.4% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,848,306 shares of the real estate investment trust’s stock worth $69,164,000 after acquiring an additional 174,051 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have commented on AAT. Morgan Stanley decreased their target price on shares of American Assets Trust from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Monday, March 21st. TheStreet upgraded shares of American Assets Trust from a “c” rating to a “b-” rating in a report on Monday, March 21st. Mizuho decreased their target price on shares of American Assets Trust from $40.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, February 15th. Zacks Investment Research upgraded shares of American Assets Trust from a “sell” rating to a “hold” rating in a report on Wednesday, March 23rd. Finally, StockNews.com began coverage on shares of American Assets Trust in a report on Thursday, March 31st. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, American Assets Trust presently has a consensus rating of “Hold” and an average target price of $39.25.
About American Assets Trust (Get Rating)
American Assets Trust, Inc 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 office, retail, 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.
- Get a free copy of the StockNews.com research report on American Assets Trust (AAT)
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