American Assets Trust, Inc. (NYSE:AAT) will be posting its quarterly earnings results after the market closes on Tuesday, August 1st. Analysts expect American Assets Trust to post earnings of $0.17 per share for the quarter.
Shares of American Assets Trust, Inc. (NYSE AAT) opened at 40.20 on Friday. The stock’s 50 day moving average is $39.89 and its 200 day moving average is $41.54. American Assets Trust, Inc. has a 12 month low of $37.54 and a 12 month high of $46.20. The stock has a market cap of $1.89 billion, a P/E ratio of 56.70 and a beta of 0.52.
A number of analysts have recently weighed in on AAT shares. Zacks Investment Research raised shares of American Assets Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, April 5th. Canaccord Genuity raised their price objective on American Assets Trust from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, April 12th. BidaskClub upgraded American Assets Trust from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 15th. Finally, TheStreet cut American Assets Trust from a “b-” rating to a “c+” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $47.75.
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In other news, CEO Ernest S. Rady acquired 39,056 shares of American Assets Trust stock in a transaction that occurred on Monday, May 15th. The shares were purchased at an average cost of $39.40 per share, for a total transaction of $1,538,806.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernest S. Rady acquired 47,976 shares of American Assets Trust stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average price of $38.55 per share, for a total transaction of $1,849,474.80. The disclosure for this purchase can be found here. Insiders have purchased 537,169 shares of company stock worth $21,234,402 over the last 90 days. 34.15% of the stock is currently owned by company insiders.
American Assets Trust Company Profile
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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