American Assets Trust (NYSE: AAT) was downgraded by Zacks Investment Research from a “strong buy” rating to a “conservation” rating in a report released Thursday, Zacks.com reports.
According to Zacks, “American Assets, Inc. is a real estate investment trust, or REIT, that owns, operates, acquires and develops retail and office properties primarily in Southern California, Northern California and Hawaii. The assets of the trust include retail real estate, office properties, Waikiki Beach Walk and multi-family properties. American Assets, Inc. is based in San Diego, California. “
Several other equity research analysts have also published reports on the stock. KeyCorp raised its price target for American Assets Trust shares from $ 42.00 to $ 44.00 and assigned the company an “overweight” rating in a research note on Monday, June 21. Morgan Stanley raised its price target on American Assets Trust from $ 36.00 to $ 38.50 and gave the stock an “equal weight” rating in a research report published on Friday, August 27.
American Assets Trust stock traded down $ 0.07 in Thursday’s noon session, reaching $ 37.83. The stock had a trade volume of 8,394 shares, compared to its average volume of 294,244. The company’s fifty-day simple moving average is $ 38.25 and its two hundred-day simple moving average is of $ 36.50. American Assets Trust has a twelve month low of $ 20.73 and a twelve month high of $ 40.62. The company has a debt to equity ratio of 1.35, a current ratio of 5.66, and a rapid ratio of 5.66. The company has a market cap of $ 2.29 billion, a price-to-earnings ratio of 126.20, a PEG ratio of 2.80, and a beta of 1.25.
American Assets Trust (NYSE: AAT) last released its quarterly earnings data on Monday, July 26. The REIT reported EPS of $ 0.15 for the quarter, beating consensus analysts’ estimates of $ 0.11 by $ 0.04. American Assets Trust had a net margin of 5.31% and a return on equity of 1.46%. As a group, sell-side analysts predict that American Assets Trust will post 1.91 EPS for the current fiscal year.
In addition, CEO Ernest S. Rady bought 4,210 shares of the company in a transaction that took place on Tuesday, September 14. The stock was acquired at an average cost of $ 38.99 per share, for a total value of $ 164,147.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In addition, CEO Ernest S. Rady bought 9,941 shares of the company in a trade on Wednesday, August 4. The shares were acquired at an average cost of $ 36.50 per share, for a total value of $ 362,846.50. Disclosure of this purchase can be found here. During the past ninety days, insiders have purchased 72,240 shares of the company valued at $ 2,722,898. 33.67% of the shares are currently held by insiders of the company.
A number of institutional investors have recently changed their positions in AAT. Bbva USA acquired a new equity stake in American Assets Trust during the second quarter for a value of $ 44,000. Marshall Wace North America LP increased its stake in American Assets Trust shares by 32.9% during the 1st quarter. Marshall Wace North America LP now owns 1,211 real estate investment trust shares worth $ 56,000 after acquiring an additional 300 shares during the period. Harbor Investment Advisory LLC raised its holdings of American Assets Trust shares by 32.4% during the 2nd quarter. Harbor Investment Advisory LLC now owns 1,258 real estate investment trust shares worth $ 47,000 after acquiring an additional 308 shares during the period. Schroder Investment Management Group purchased a new stake in shares of American Assets Trust during the 1st quarter valued at approximately $ 74,000. Finally, Russell Investments Group Ltd. purchased a new equity stake in American Assets Trust during the 1st quarter valued at approximately $ 80,000. 94.01% of the shares are held by institutional investors and hedge funds.
American Assets Trust Company Profile
American Assets Trust, Inc. is a real estate investment trust. It owns, operates, acquires and develops retail shopping centers; office buildings; mixed use properties; and multi-family properties. The company operates in the following business segments: retail, office, multi-family and mixed-use.
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