American Assets Trust, Inc (NYSE:AAT) reached a new 52-week high during trading on Friday . The company traded as high as $46.95 and last traded at $46.65, with a volume of 7334 shares trading hands. The stock had previously closed at $46.18.
A number of equities research analysts recently commented on the stock. TheStreet raised shares of American Assets Trust from a “c” rating to a “b-” rating in a research report on Wednesday, May 1st. Zacks Investment Research cut shares of American Assets Trust from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. Wells Fargo & Co reissued a “buy” rating on shares of American Assets Trust in a research report on Thursday, March 7th. JMP Securities raised shares of American Assets Trust from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 30th. Finally, Mizuho increased their target price on shares of American Assets Trust to $48.00 and gave the company a “buy” rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. American Assets Trust presently has a consensus rating of “Buy” and an average target price of $46.00.
The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.12 and a current ratio of 2.12. The stock has a market cap of $2.17 billion, a P/E ratio of 22.39, a P/E/G ratio of 2.89 and a beta of 0.37.
American Assets Trust (NYSE:AAT) last posted its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.32). American Assets Trust had a net margin of 9.31% and a return on equity of 3.86%. The firm had revenue of $85.32 million for the quarter, compared to analysts’ expectations of $82.06 million. On average, analysts anticipate that American Assets Trust, Inc will post 2.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $1.12 dividend on an annualized basis and a yield of 2.39%. American Assets Trust’s payout ratio is 53.59%.
Institutional investors have recently modified their holdings of the business. Quantamental Technologies LLC acquired a new position in American Assets Trust during the 1st quarter valued at approximately $27,000. Fifth Third Bancorp increased its stake in American Assets Trust by 66.0% during the 1st quarter. Fifth Third Bancorp now owns 1,059 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 421 shares in the last quarter. Marshall Wace North America L.P. increased its stake in American Assets Trust by 32.9% during the 1st 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 purchasing an additional 300 shares in the last quarter. Quadrant Capital Group LLC increased its stake in American Assets Trust by 757.9% during the 1st quarter. Quadrant Capital Group LLC now owns 1,570 shares of the real estate investment trust’s stock valued at $69,000 after purchasing an additional 1,387 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in American Assets Trust by 19.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,114 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 348 shares in the last quarter. Institutional investors and hedge funds own 94.86% of the company’s stock.
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American Assets Trust Company Profile (NYSE:AAT)
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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