American Assets Trust, Inc. (NYSE:AAT) Receives Consensus Rating of “Hold” from Brokerages

American Assets Trust, Inc. (NYSE:AATGet Rating) has received an average rating of “Hold” from the six research firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $38.67.

A number of research firms have recently commented on AAT. Mizuho lowered their target price on American Assets Trust from $40.00 to $37.00 and set a “neutral” rating for the company in a research note on Tuesday, February 15th. StockNews.com began coverage on American Assets Trust in a research note on Thursday, March 31st. They set a “hold” rating for the company. TheStreet upgraded American Assets Trust from a “c” rating to a “b-” rating in a research note on Monday, March 21st. Zacks Investment Research upgraded American Assets Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, March 23rd. Finally, Morgan Stanley decreased their price target on American Assets Trust from $37.00 to $35.00 and set an “equal weight” rating for the company in a research note on Monday, March 21st.

In other news, CEO Ernest S. Rady bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 22nd. The shares were bought at an average cost of $36.02 per share, for a total transaction of $360,200.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ernest S. Rady bought 3,471 shares of the firm’s stock in a transaction that occurred on Thursday, February 24th. The stock was purchased at an average price of $34.90 per share, for a total transaction of $121,137.90. The disclosure for this purchase can be found here. Insiders purchased 85,123 shares of company stock valued at $2,916,744 in the last ninety days. 34.38% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in American Assets Trust by 4.1% during the fourth quarter. BlackRock Inc. now owns 9,638,363 shares of the real estate investment trust’s stock valued at $361,725,000 after purchasing an additional 378,845 shares during the period. Vanguard Group Inc. raised its position in American Assets Trust by 1.8% during the first quarter. Vanguard Group Inc. now owns 8,328,425 shares of the real estate investment trust’s stock valued at $315,564,000 after purchasing an additional 146,474 shares during the period. American Assets Inc. raised its position in American Assets Trust by 0.4% during the first quarter. American Assets Inc. now owns 7,107,002 shares of the real estate investment trust’s stock valued at $269,284,000 after purchasing an additional 28,718 shares during the period. State Street Corp raised its position in American Assets Trust by 12.1% during the first quarter. State Street Corp now owns 3,154,555 shares of the real estate investment trust’s stock valued at $119,526,000 after purchasing an additional 339,960 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC raised its position in American Assets Trust by 10.4% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,848,306 shares of the real estate investment trust’s stock valued at $69,164,000 after purchasing an additional 174,051 shares during the period. Institutional investors own 94.83% of the company’s stock.

Shares of AAT stock opened at $31.91 on Friday. The firm has a market cap of $1.93 billion, a P/E ratio of 49.86, a P/E/G ratio of 2.09 and a beta of 1.13. American Assets Trust has a fifty-two week low of $31.63 and a fifty-two week high of $40.83. The business’s 50 day moving average price is $35.83 and its 200-day moving average price is $36.45. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.43 and a current ratio of 2.43.

American Assets Trust (NYSE:AATGet Rating) last issued its quarterly earnings data 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 period in the prior year, the business earned $0.38 earnings per share. As a group, equities analysts predict that American Assets Trust will post 2.16 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 23rd. Investors of record on Thursday, June 9th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Wednesday, June 8th. American Assets Trust’s payout ratio is currently 200.00%.

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.

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