American Assets Trust, Inc (NYSE:AAT) has been assigned an average recommendation of “Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $50.67.
Separately, Zacks Investment Research upgraded American Assets Trust from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Monday.
Several large investors have recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in American Assets Trust during the second quarter worth about $25,000. Point72 Asset Management L.P. bought a new position in shares of American Assets Trust during the second quarter valued at about $47,000. Marshall Wace North America L.P. grew its stake in shares of American Assets Trust by 32.9% during the first quarter. Marshall Wace North America L.P. now owns 1,211 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 300 shares during the last quarter. First Mercantile Trust Co. purchased a new position in shares of American Assets Trust in the third quarter worth about $64,000. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of American Assets Trust in the second quarter worth about $99,000. 96.39% of the stock is currently owned by hedge funds and other institutional investors.
American Assets Trust stock opened at $46.78 on Friday. American Assets Trust has a 1-year low of $38.15 and a 1-year high of $49.26. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $2.85 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 3.41 and a beta of 0.31. The firm’s 50 day simple moving average is $47.27 and its 200 day simple moving average is $46.84.
American Assets Trust (NYSE:AAT) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.33). The firm had revenue of $98.36 million during the quarter, compared to the consensus estimate of $83.72 million. American Assets Trust had a return on equity of 3.77% and a net margin of 11.29%. Research analysts forecast that American Assets Trust will post 2.23 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This is a positive change from American Assets Trust’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 2.57%. American Assets Trust’s payout ratio is presently 53.59%.
About American Assets Trust
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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