American Assets Trust (NYSE:AAT) Downgraded by TheStreet

TheStreet lowered shares of American Assets Trust (NYSE:AAT) from a b- rating to a c+ rating in a research note released on Monday, TheStreetRatingsTable reports.

Separately, Zacks Investment Research downgraded American Assets Trust from a buy rating to a hold rating in a report on Monday, March 16th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $48.50.

Shares of AAT stock opened at $24.43 on Monday. American Assets Trust has a 1-year low of $20.15 and a 1-year high of $49.26. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 28.41, a P/E/G ratio of 1.71 and a beta of 0.51. The stock’s fifty day simple moving average is $38.83 and its 200-day simple moving average is $44.70.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.37). American Assets Trust had a net margin of 12.47% and a return on equity of 3.90%. The business had revenue of $98.95 million for the quarter. On average, sell-side analysts predict that American Assets Trust will post 2.36 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.91%. American Assets Trust’s dividend payout ratio is 54.55%.

In other news, CEO Ernest S. Rady acquired 12,085 shares of American Assets Trust stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $43.94 per share, with a total value of $531,014.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernest S. Rady acquired 25,093 shares of American Assets Trust stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average cost of $35.64 per share, with a total value of $894,314.52. The disclosure for this purchase can be found here. Insiders have bought 65,410 shares of company stock worth $2,605,135 in the last quarter. 37.30% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AAT. Marshall Wace North America L.P. boosted its position in 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 purchasing an additional 300 shares during the last quarter. Huntington National Bank boosted its position in American Assets Trust by 262,000.0% during the fourth quarter. Huntington National Bank now owns 2,621 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 2,620 shares during the last quarter. Point72 Asset Management L.P. boosted its position in American Assets Trust by 270.0% during the third quarter. Point72 Asset Management L.P. now owns 3,700 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 2,700 shares during the last quarter. Capital Insight Partners LLC acquired a new stake in American Assets Trust during the fourth quarter valued at $202,000. Finally, Exane Derivatives boosted its position in American Assets Trust by 2,060.1% during the fourth quarter. Exane Derivatives now owns 4,709 shares of the real estate investment trust’s stock valued at $218,000 after purchasing an additional 4,491 shares during the last quarter. 98.32% of the stock is owned by hedge funds and other institutional investors.

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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