Shares of American Assets Trust, Inc. (NYSE:AAT) have been given a consensus recommendation of “Hold” by the six brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $45.00.

AAT has been the subject of several recent research reports. Bank of America Corporation cut American Assets Trust from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a report on Thursday, November 2nd. TheStreet cut American Assets Trust from a “b-” rating to a “c+” rating in a report on Wednesday, July 26th. BidaskClub raised American Assets Trust from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Finally, Zacks Investment Research cut American Assets Trust from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th.

In related news, CEO Ernest S. Rady purchased 1,010 shares of the stock in a transaction dated 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 purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Ernest S. Rady purchased 17,379 shares of the stock in a transaction dated Thursday, August 10th. The stock was bought at an average cost of $40.11 per share, with a total value of $697,071.69. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 424,319 shares of company stock valued at $17,117,491. 34.15% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Marshall Wace North America L.P. acquired a new position in shares of American Assets Trust in the 2nd quarter valued at approximately $1,305,000. BlackRock Inc. grew its position in shares of American Assets Trust by 9,426.3% in the 1st quarter. BlackRock Inc. now owns 5,711,691 shares of the real estate investment trust’s stock valued at $238,976,000 after purchasing an additional 5,651,734 shares during the period. Goldman Sachs Group Inc. grew its position in shares of American Assets Trust by 55.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 126,391 shares of the real estate investment trust’s stock valued at $5,288,000 after purchasing an additional 45,151 shares during the period. Capital Fund Management S.A. acquired a new position in shares of American Assets Trust in the 2nd quarter valued at approximately $1,201,000. Finally, Adelante Capital Management LLC grew its position in shares of American Assets Trust by 28.9% in the 2nd quarter. Adelante Capital Management LLC now owns 377,455 shares of the real estate investment trust’s stock valued at $14,868,000 after purchasing an additional 84,714 shares during the period. 97.95% of the stock is owned by institutional investors.

Shares of American Assets Trust (AAT) traded up $0.15 during trading hours on Thursday, reaching $38.51. The company’s stock had a trading volume of 314,352 shares, compared to its average volume of 236,888. The company has a market cap of $1,830.00, a PE ratio of 19.88, a P/E/G ratio of 3.36 and a beta of 0.52. 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 current ratio of 2.76 and a quick ratio of 1.78.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This is a boost from American Assets Trust’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.80%. American Assets Trust’s dividend payout ratio is 155.22%.

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About American Assets Trust

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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