American Assets Trust (AAT) Getting Somewhat Positive Media Coverage, Report Finds
Press coverage about American Assets Trust (NYSE:AAT) has been trending somewhat positive on Sunday, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. American Assets Trust earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 45.5037725638033 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- American Assets Trust, Inc. (AAT) Ex-Dividend Date Scheduled for September 13 … (nasdaq.com)
- Ernest S. Rady Purchases 1,010 Shares of American Assets Trust, Inc. (AAT) Stock (americanbankingnews.com)
- Head-To-Head Analysis: Acadia Realty Trust (AKR) & American Assets Trust (AAT) (americanbankingnews.com)
- Comparing American Assets Trust (AAT) & The Competition (americanbankingnews.com)
Shares of American Assets Trust (NYSE AAT) traded down 0.22% during trading on Friday, reaching $40.58. 373,332 shares of the company were exchanged. The firm has a market capitalization of $1.91 billion, a PE ratio of 61.67 and a beta of 0.51. American Assets Trust has a 1-year low of $37.54 and a 1-year high of $44.83. The company’s 50-day moving average is $40.42 and its 200 day moving average is $40.87.
American Assets Trust (NYSE:AAT) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.01). The firm had revenue of $77.11 million for the quarter. American Assets Trust had a net margin of 10.93% and a return on equity of 3.94%. Equities research analysts expect that American Assets Trust will post $0.62 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.56%. American Assets Trust’s dividend payout ratio is currently 157.58%.
A number of brokerages recently weighed in on AAT. BidaskClub upgraded shares of American Assets Trust from a “strong sell” rating to a “sell” rating in a report on Thursday, June 15th. Zacks Investment Research lowered shares of American Assets Trust from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. Finally, TheStreet lowered shares of American Assets Trust from a “b-” rating to a “c+” rating in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. American Assets Trust has a consensus rating of “Hold” and a consensus price target of $46.33.
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In related news, CEO Ernest S. Rady purchased 17,379 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was acquired at an average price of $40.11 per share, with a total value of $697,071.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernest S. Rady purchased 1,010 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was bought at an average cost of $40.79 per share, with a total value of $41,197.90. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 424,319 shares of company stock valued at $17,117,491. Corporate insiders own 34.15% of the company’s stock.
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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