American Assets Trust, Inc. (NYSE:AAT – Get Rating) CEO Ernest S. Rady acquired 10,000 shares of the stock in a transaction dated Wednesday, May 25th. The stock was acquired at an average price of $32.80 per share, with a total value of $328,000.00. Following the completion of the acquisition, the chief executive officer now owns 2,127,816 shares in the company, valued at approximately $69,792,364.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of NYSE AAT traded up $0.28 during mid-day trading on Wednesday, hitting $33.05. The stock had a trading volume of 145,043 shares, compared to its average volume of 273,741. 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, Inc. has a 1 year low of $30.97 and a 1 year high of $40.83. The business has a 50 day moving average price of $35.59 and a two-hundred day moving average price of $36.30. The firm has a market cap of $2.00 billion, a P/E ratio of 51.84, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13.
American Assets Trust (NYSE:AAT – Get Rating) last issued its quarterly earnings data on Tuesday, April 26th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). American Assets Trust had a net margin of 9.57% and a return on equity of 3.10%. During the same quarter in the previous year, the company earned $0.38 EPS. Equities research analysts predict that American Assets Trust, Inc. will post 2.16 EPS for the current fiscal year.
AAT has been the subject of a number of recent research reports. TheStreet upgraded shares of American Assets Trust from a “c” rating to a “b-” rating in a report on Monday, March 21st. Morgan Stanley decreased their target price on shares of American Assets Trust from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Monday, March 21st. Zacks Investment Research downgraded shares of American Assets Trust from a “buy” rating to a “hold” rating in a research note on Wednesday. Mizuho decreased their target price on shares of American Assets Trust from $40.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 15th. Finally, StockNews.com assumed coverage on shares of American Assets Trust in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $37.75.
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its position in American Assets Trust by 4.1% during the 4th 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. grew its position in shares of American Assets Trust by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 8,328,425 shares of the real estate investment trust’s stock worth $315,564,000 after buying an additional 146,474 shares during the period. American Assets Inc. grew its position in shares of American Assets Trust by 0.4% in the 1st quarter. American Assets Inc. now owns 7,107,002 shares of the real estate investment trust’s stock worth $269,284,000 after buying an additional 28,718 shares during the period. State Street Corp grew its position in shares of American Assets Trust by 12.1% in the 1st quarter. State Street Corp now owns 3,154,555 shares of the real estate investment trust’s stock worth $119,526,000 after buying an additional 339,960 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC grew its position in shares of American Assets Trust by 10.4% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,848,306 shares of the real estate investment trust’s stock worth $69,164,000 after buying an additional 174,051 shares during the period. 94.83% of the stock is currently owned by institutional investors and hedge funds.
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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