News coverage about American Assets Trust (NYSE:AAT) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. American Assets Trust earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.0842644817019 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several research firms have recently issued reports on AAT. Zacks Investment Research raised American Assets Trust from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Thursday, August 24th. BidaskClub cut American Assets Trust from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Finally, TheStreet cut American Assets Trust from a “b-” rating to a “c+” rating in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. American Assets Trust has a consensus rating of “Hold” and a consensus price target of $46.33.
American Assets Trust (NYSE AAT) traded up 1.18% during mid-day trading on Wednesday, reaching $41.31. The company had a trading volume of 33,195 shares. American Assets Trust has a 12 month low of $37.54 and a 12 month high of $44.83. The stock’s 50-day moving average is $40.37 and its 200 day moving average is $40.60. The firm has a market capitalization of $1.95 billion, a P/E ratio of 62.59 and a beta of 0.51.
American Assets Trust (NYSE:AAT) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.01). The firm had revenue of $77.11 million during the quarter. American Assets Trust had a net margin of 10.93% and a return on equity of 3.94%. On average, analysts predict that American Assets Trust will post $0.62 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th were issued a $0.26 dividend. The ex-dividend date was Wednesday, September 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.55%. American Assets Trust’s dividend payout ratio (DPR) is 157.58%.
In related news, CEO Ernest S. Rady bought 52,778 shares of American Assets Trust stock in a transaction dated Wednesday, August 9th. The stock was acquired at an average cost of $40.17 per share, with a total value of $2,120,092.26. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ernest S. Rady bought 17,379 shares of American Assets Trust stock in a transaction dated Thursday, August 10th. The shares were bought at an average cost of $40.11 per share, with a total value of $697,071.69. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 424,319 shares of company stock valued at $17,117,491. 34.15% of the stock is currently owned by company insiders.
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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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