American Assets Trust, Inc (AAT) CEO Ernest S. Rady Acquires 132,240 Shares
American Assets Trust, Inc (NYSE:AAT) CEO Ernest S. Rady bought 132,240 shares of American Assets Trust stock in a transaction that occurred on Friday, March 2nd. The stock was purchased at an average price of $31.71 per share, with a total value of $4,193,330.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of American Assets Trust, Inc (AAT) opened at $31.76 on Friday. The firm has a market capitalization of $1,497.33, a PE ratio of 51.23, a price-to-earnings-growth ratio of 2.84 and a beta of 0.49. The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.15 and a current ratio of 3.15. American Assets Trust, Inc has a 12-month low of $30.62 and a 12-month high of $44.83.
American Assets Trust (NYSE:AAT) last announced its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). The company had revenue of $81.75 million for the quarter. American Assets Trust had a return on equity of 3.76% and a net margin of 10.16%. equities analysts anticipate that American Assets Trust, Inc will post 2.05 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Schroder Investment Management Group acquired a new stake in American Assets Trust during the 3rd quarter worth about $204,000. Koch Industries Inc. acquired a new stake in shares of American Assets Trust during the 4th quarter valued at about $206,000. Stifel Financial Corp acquired a new stake in shares of American Assets Trust during the 3rd quarter valued at about $222,000. Cubist Systematic Strategies LLC acquired a new stake in shares of American Assets Trust during the 2nd quarter valued at about $225,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of American Assets Trust during the 4th quarter valued at about $245,000. 99.48% of the stock is currently owned by institutional investors.
A number of equities analysts recently issued reports on the company. Mizuho restated a “hold” rating and issued a $40.00 target price on shares of American Assets Trust in a research note on Friday, November 10th. Zacks Investment Research raised American Assets Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, February 19th. Royal Bank of Canada set a $44.00 price target on American Assets Trust and gave the stock a “buy” rating in a research report on Saturday, February 17th. Finally, Bank of America downgraded American Assets Trust from a “neutral” rating to an “underperform” rating and set a $35.00 price target on the stock. in a research report on Thursday. Three research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $43.60.
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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