Trade Report: The American Assets Trust Inc. (AAT) Given Average Recommendation of “Buy” from Brokerages

The American Assets Trust Inc. (AAT) Given Average Recommendation of “Buy” from Brokerages

Shares of American Assets Trust Inc. (NYSE:AAT) have received an average rating of “Buy” from the six analysts that are currently covering the stock. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $50.67.

AAT has been the topic of a number of research reports. Bank of America Corp. reiterated a “buy” rating on shares of American Assets Trust in a research report on Thursday, July 7th. Mizuho downgraded shares of American Assets Trust from a “buy” rating to a “neutral” rating and set a $46.00 target price on the stock. in a research report on Monday, July 18th. Zacks Investment Research downgraded shares of American Assets Trust from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Royal Bank Of Canada boosted their target price on shares of American Assets Trust from $49.00 to $53.00 and gave the company an “outperform” rating in a research report on Monday, August 1st. Finally, RBC Capital Markets reiterated an “outperform” rating and set a $53.00 target price (up previously from $49.00) on shares of American Assets Trust in a research report on Monday, August 1st.

In other American Assets Trust news, CEO Ernest S. Rady purchased 65,000 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was acquired at an average price of $43.06 per share, for a total transaction of $2,798,900.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 34.09% of the company’s stock.

A number of hedge funds have recently made changes to their positions in AAT. BlackRock Japan Co. Ltd raised its stake in American Assets Trust by 31.9% in the first quarter. BlackRock Japan Co. Ltd now owns 2,644 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 640 shares during the last quarter. CI Investments Inc. raised its stake in American Assets Trust by 27.3% in the second quarter. CI Investments Inc. now owns 2,800 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 600 shares during the last quarter. Amalgamated Bank purchased a new stake in American Assets Trust during the second quarter valued at about $209,000. PineBridge Investments L.P. raised its stake in American Assets Trust by 3.8% in the second quarter. PineBridge Investments L.P. now owns 5,010 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 183 shares during the last quarter. Finally, BB&T Securities LLC purchased a new stake in American Assets Trust during the first quarter valued at about $227,000. Institutional investors and hedge funds own 98.55% of the company’s stock.

Shares of American Assets Trust (NYSE:AAT) traded up 0.25% during mid-day trading on Monday, reaching $40.86. 61,696 shares of the company’s stock were exchanged. American Assets Trust has a 52-week low of $34.07 and a 52-week high of $46.38. The company’s 50-day moving average price is $42.92 and its 200 day moving average price is $42.09. The company has a market cap of $1.86 billion, a PE ratio of 50.07 and a beta of 0.62.

American Assets Trust (NYSE:AAT) last released its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by $0.01. American Assets Trust had a net margin of 12.97% and a return on equity of 4.50%. On average, equities research analysts predict that American Assets Trust will post $1.86 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, September 13th. This represents a $1.00 dividend on an annualized basis and a yield of 2.45%. American Assets Trust’s dividend payout ratio (DPR) is presently 121.95%.

Related posts

Leave a Comment