American Assets Trust (AAT) Reaches New 1-Year High at $42.97

Shares of American Assets Trust, Inc (NYSE:AAT) reached a new 52-week high on Thursday . The stock traded as high as $42.97 and last traded at $42.94, with a volume of 177075 shares. The stock had previously closed at $42.51.

Several research firms have recently weighed in on AAT. Mizuho restated a “buy” rating and set a $44.00 price target on shares of American Assets Trust in a report on Tuesday, January 8th. Zacks Investment Research upgraded American Assets Trust from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Monday, December 24th. Morgan Stanley upped their target price on American Assets Trust from $40.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, December 17th. Finally, ValuEngine upgraded American Assets Trust from a “hold” rating to a “buy” rating in a report on Saturday, December 1st. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. American Assets Trust has an average rating of “Buy” and an average target price of $42.60.

Get American Assets Trust alerts:

The firm has a market cap of $2.01 billion, a P/E ratio of 22.19, a P/E/G ratio of 3.72 and a beta of 0.35. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.10 and a quick ratio of 2.10.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.28). American Assets Trust had a net margin of 6.09% and a return on equity of 2.43%. The business had revenue of $82.51 million during the quarter, compared to analyst estimates of $79.33 million. Equities analysts expect that American Assets Trust, Inc will post 2.09 EPS for the current fiscal year.

In other news, CEO Ernest S. Rady bought 8,606 shares of the stock in a transaction dated Monday, November 12th. The shares were bought at an average cost of $39.42 per share, with a total value of $339,248.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ernest S. Rady bought 13,002 shares of the stock in a transaction dated Friday, November 9th. The shares were purchased at an average cost of $39.08 per share, for a total transaction of $508,118.16. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 136,654 shares of company stock worth $5,432,596. Insiders own 37.90% of the company’s stock.

Several large investors have recently modified their holdings of AAT. Eii Capital Management Inc. raised its position in American Assets Trust by 8.6% in the 4th quarter. Eii Capital Management Inc. now owns 4,851 shares of the real estate investment trust’s stock valued at $195,000 after buying an additional 385 shares during the last quarter. Nisa Investment Advisors LLC raised its position in American Assets Trust by 200.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 750 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 500 shares during the last quarter. State of Alaska Department of Revenue raised its position in American Assets Trust by 2.5% in the 4th quarter. State of Alaska Department of Revenue now owns 25,181 shares of the real estate investment trust’s stock valued at $1,009,000 after buying an additional 624 shares during the last quarter. Macquarie Group Ltd. raised its position in American Assets Trust by 16.4% in the 2nd quarter. Macquarie Group Ltd. now owns 12,800 shares of the real estate investment trust’s stock valued at $490,000 after buying an additional 1,800 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its position in American Assets Trust by 23.7% in the 4th quarter. Xact Kapitalforvaltning AB now owns 12,002 shares of the real estate investment trust’s stock valued at $482,000 after buying an additional 2,300 shares during the last quarter. 95.34% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “American Assets Trust (AAT) Reaches New 1-Year High at $42.97” was first published by Ticker Report and is owned by of Ticker Report. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://www.tickerreport.com/banking-finance/4121600/american-assets-trust-aat-reaches-new-1-year-high-at-42-97.html.

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.

See Also: Why is the LIBOR significant?