The stock of American Assets Trust Inc. (NYSE:AAT) last traded at $23.60, down -3.52% from the previous session.
Data from the available sources indicates that American Assets Trust Inc. (NYSE:AAT) is covered by 3 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $30.00 and a low of $28.00, we find $28.00. Given the previous closing price of $24.46, this indicates a potential upside of 14.47 percent. AAT stock price is now -11.89% away from the 50-day moving average and -16.17% away from the 200-day moving average. The market capitalization of the company currently stands at $1.44B.
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In total, 2 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $28.67 as their price target over the next twelve months.
On January 20, 2022, Mizuho Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $41 to quote $40, while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’.
In other news, RADY ERNEST S, Chairman & CEO bought 20,000 shares of the company’s stock on Nov 04. The stock was bought for $567,000 at an average price of $28.35. Upon completion of the transaction, the Chairman & CEO now directly owns 6,987,855 shares in the company, valued at $164.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 02, Chairman & CEO RADY ERNEST S bought 20,000 shares of the business’s stock. A total of $555,000 was incurred on buying the stock at an average price of $27.75. This leaves the insider owning 6,977,855 shares of the company worth $164.68 million. Insiders disposed of 15,465 shares of company stock worth roughly $0.36 million over the past 1 year. A total of 1.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AAT stock. A new stake in American Assets Trust Inc. shares was purchased by VERITION FUND MANAGEMENT LLC during the first quarter worth $2,136,000. NN INVESTMENT PARTNERS HOLDINGS N.V. invested $1,952,000 in shares of AAT during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in American Assets Trust Inc. valued at approximately $1,325,000. SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC acquired a new stake in AAT for approximately $934,000. JACKSON CREEK INVESTMENT ADVISORS LLC purchased a new stake in AAT valued at around $775,000 in the second quarter. In total, there are 295 active investors with 95.00% ownership of the company’s stock.
With an opening price of $24.51 on Tuesday morning, American Assets Trust Inc. (NYSE: AAT) set off the trading day. During the past 12 months, American Assets Trust Inc. has had a low of $24.00 and a high of $39.10. The fifty day moving average price for AAT is $26.78 and a two-hundred day moving average price translates $28.15 for the stock.
The latest earnings results from American Assets Trust Inc. (NYSE: AAT) was released for Dec, 2022. According to the REIT – Diversified Company, earnings per share came in at $0.16, inline with analysts’ expectations of $0.16. This compares to $0.13 EPS in the same period last year. The net profit margin was 10.30% and return on equity was 3.50% for AAT. The company reported revenue of $106.0 million for the quarter, compared to $101.75 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.18 percent. For the current quarter, analysts expect AAT to generate $107.13M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/23/2023. Investors who held shares on 03/09/2023 were paid a $0.33 dividend. On an annualized basis, this represents a $1.32 dividend and a 5.59% percent yield. There was an ex-dividend date of 03/08/2023 for this dividend. In terms of dividend payout ratio, AAT is presently at 176.70%.
American Assets Trust Inc.(AAT) Company Profile
American Assets Trust, Inc. 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 office, retail, 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. The company’s office portfolio comprises approximately 3.4 million rentable square feet, and its retail portfolio comprises approximately 3.1 million square feet. In addition, the company owns one mixed-use property (including approximately 97,000 rentable square feet of retail space and a 369-room all-suite hotel) and 2,112 multifamily units. In 2011, the company was formed to succeed to the real estate business of American Assets, Inc., a privately held corporation founded in 1967 and, as such, has significant experience, long-standing relationships and extensive knowledge of its core markets, submarkets and asset classes.
