American Assets Trust (AAT) Getting Somewhat Favorable Press Coverage, Analysis Shows
Headlines about American Assets Trust (NYSE:AAT) have been trending somewhat positive on Saturday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. American Assets Trust earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 45.4406606054151 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
American Assets Trust (AAT) traded down $0.17 during trading hours on Friday, reaching $38.24. 189,721 shares of the company’s stock traded hands, compared to its average volume of 212,151. The stock has a market cap of $1,810.18, a P/E ratio of 57.94, a PEG ratio of 3.38 and a beta of 0.51. American Assets Trust has a 12 month low of $36.79 and a 12 month high of $44.83. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.76 and a current ratio of 2.76.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Wednesday, December 6th. This is an increase from American Assets Trust’s previous quarterly dividend of $0.26. American Assets Trust’s payout ratio is currently 163.64%.
Several analysts have weighed in on the stock. Mizuho reissued a “hold” rating and set a $40.00 target price on shares of American Assets Trust in a research report on Friday, November 10th. Bank of America downgraded shares of American Assets Trust from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a research report on Thursday, November 2nd. Finally, Zacks Investment Research downgraded shares of American Assets Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $44.00.
In other American Assets Trust news, CEO Ernest S. Rady acquired 26,230 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were acquired at an average cost of $38.62 per share, with a total value of $1,013,002.60. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Ernest S. Rady acquired 2,334 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was acquired at an average cost of $39.23 per share, for a total transaction of $91,562.82. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 267,939 shares of company stock worth $10,441,454. 34.15% of the stock is owned by insiders.
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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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