American Assets Trust (AAT) Receives $42.00 Consensus Target Price from Brokerages

American Assets Trust (NYSE:AAT) has received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $42.00.

AAT has been the subject of several analyst reports. Morgan Stanley upgraded shares of American Assets Trust from an “equal” rating to a “weight” rating and set a $37.00 price objective for the company in a research note on Tuesday, March 27th. Zacks Investment Research lowered shares of American Assets Trust from a “hold” rating to a “sell” rating in a report on Friday, March 2nd. Royal Bank of Canada set a $44.00 target price on shares of American Assets Trust and gave the company a “buy” rating in a report on Saturday, February 17th. Mizuho raised shares of American Assets Trust from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Thursday, February 22nd. Finally, Bank of America lowered shares of American Assets Trust from a “neutral” rating to an “underperform” rating and set a $35.00 target price on the stock. in a report on Thursday, March 1st.

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In related news, CEO Ernest S. Rady purchased 105,101 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average cost of $32.65 per share, with a total value of $3,431,547.65. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ernest S. Rady purchased 64,775 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average cost of $32.56 per share, for a total transaction of $2,109,074.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 864,929 shares of company stock worth $28,061,530 over the last ninety days. 34.15% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its position in American Assets Trust by 14.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 47,228 shares of the real estate investment trust’s stock worth $1,878,000 after buying an additional 5,865 shares during the period. AMP Capital Investors Ltd boosted its position in American Assets Trust by 208.1% during the 3rd quarter. AMP Capital Investors Ltd now owns 53,740 shares of the real estate investment trust’s stock worth $2,138,000 after buying an additional 36,300 shares during the period. Wells Fargo & Company MN boosted its position in American Assets Trust by 14.3% during the 3rd quarter. Wells Fargo & Company MN now owns 350,601 shares of the real estate investment trust’s stock worth $13,944,000 after buying an additional 43,993 shares during the period. GSA Capital Partners LLP boosted its position in American Assets Trust by 287.7% during the 3rd quarter. GSA Capital Partners LLP now owns 50,987 shares of the real estate investment trust’s stock worth $2,028,000 after buying an additional 37,837 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new stake in American Assets Trust during the 4th quarter worth approximately $604,000. 99.11% of the stock is currently owned by institutional investors.

American Assets Trust stock traded down $0.37 during midday trading on Monday, hitting $33.86. The company’s stock had a trading volume of 8,469 shares, compared to its average volume of 318,571. American Assets Trust has a 1-year low of $30.62 and a 1-year high of $44.83. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $1,609.68, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 3.16 and a beta of 0.41.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings data 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). American Assets Trust had a return on equity of 3.76% and a net margin of 10.16%. The business had revenue of $81.75 million during the quarter. sell-side analysts anticipate that American Assets Trust will post 2.05 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Wednesday, March 14th. American Assets Trust’s dividend payout ratio (DPR) is presently 56.25%.

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American Assets Trust Company Profile

American Assets Trust, Inc (the ?company?) 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 retail, office 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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