The stock of American Assets Trust, Inc (NYSE:AAT) is a huge mover today! The stock decreased 2.01% or $0.84 on October 5, hitting $40.87. American Assets Trust, Inc (NYSE:AAT) has risen 10.28% since March 2, 2016 and is uptrending. It has outperformed by 2.02% the S&P500.
The move comes after 5 months negative chart setup for the $1.86B company. It was reported on Oct, 6 by Barchart.com. We have $38.83 PT which if reached, will make NYSE:AAT worth $93.00 million less.
Analysts await American Assets Trust, Inc (NYSE:AAT) to report earnings on November, 1. They expect $0.48 earnings per share, up 9.09% or $0.04 from last year’s $0.44 per share. AAT’s profit will be $21.84M for 21.29 P/E if the $0.48 EPS becomes a reality. After $0.45 actual earnings per share reported by American Assets Trust, Inc for the previous quarter, Wall Street now forecasts 6.67% EPS growth.
American Assets Trust, Inc (NYSE:AAT) Ratings Coverage
Out of 4 analysts covering American Assets Trust (NYSE:AAT), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. American Assets Trust has been the topic of 4 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Canaccord Genuity initiated American Assets Trust, Inc (NYSE:AAT) on Wednesday, July 22 with “Buy” rating. RBC Capital Markets maintained the shares of AAT in a report on Monday, May 2 with “Outperform” rating. Mizuho downgraded the stock to “Neutral” rating in Monday, July 18 report.
According to Zacks Investment Research, “American Assets, Inc. is a real estate investment trust, or REIT, that owns, operates, acquires and develops retail and office properties primarily in Southern California, Northern California and Hawaii. The trusts assets include retail properties, office properties, Waikiki Beach Walk property and multifamily properties. American Assets, Inc. is based in San Diego, California.”
Insitutional Activity: The institutional sentiment increased to 1.53 in 2016 Q2. Its up 0.01, from 1.52 in 2016Q1. The ratio increased, as 15 funds sold all American Assets Trust, Inc shares owned while 43 reduced positions. 13 funds bought stakes while 76 increased positions. They now own 43.72 million shares or 1.17% less from 44.24 million shares in 2016Q1.
Financial Bank Of America Corp De holds 308,945 shares or 0% of its portfolio. Moreover, Janus Ltd Liability Corporation has 0% invested in American Assets Trust, Inc (NYSE:AAT) for 48,424 shares. Teachers Retirement Sys Of The State Of Kentucky holds 14,400 shares or 0.01% of its portfolio. Aperio Gp Ltd owns 10,796 shares or 0% of their US portfolio. Walleye Trading Llc accumulated 0.01% or 25,611 shares. Delta Asset Ltd Limited Liability Company Tn has 0% invested in the company for 84 shares. Moreover, Dimensional Fund Advsrs Ltd Partnership has 0.01% invested in American Assets Trust, Inc (NYSE:AAT) for 457,043 shares. Numeric Limited Liability Com accumulated 97,772 shares or 0.04% of the stock. Price T Rowe Associate Md owns 613,410 shares or 0.01% of their US portfolio. California State Teachers Retirement System holds 0.01% of its portfolio in American Assets Trust, Inc (NYSE:AAT) for 82,035 shares. Da Davidson And accumulated 1,292 shares or 0% of the stock. Kbc Group Nv holds 17,926 shares or 0.01% of its portfolio. Capital Impact Advsrs Ltd Company holds 0.47% or 23,873 shares in its portfolio. Blackrock Gru Ltd has invested 0.01% of its portfolio in American Assets Trust, Inc (NYSE:AAT). Profund Advsrs Limited Liability Corporation holds 0.02% or 7,279 shares in its portfolio.
Insider Transactions: Since May 26, 2016, the stock had 2 buys, and 0 insider sales for $3.08 million net activity. $2.80M worth of American Assets Trust, Inc (NYSE:AAT) shares were bought by RADY ERNEST S. 7,000 American Assets Trust, Inc (NYSE:AAT) shares with value of $278,307 were bought by NELLES DUANE.
More important recent American Assets Trust, Inc (NYSE:AAT) news were published by: Globenewswire.com which released: “American Assets Trust, Inc. Named To Forbes’® 2016 List of America’s 50 Most …” on August 04, 2016, also Globenewswire.com published article titled: “American Assets Trust, Inc. Announces Second Quarter 2016 Earnings Release …”, Globenewswire.com published: “American Assets Trust, Inc. Announces Management Realignment; John W …” on September 14, 2015. More interesting news about American Assets Trust, Inc (NYSE:AAT) was released by: Gurufocus.com and their article: “American Assets Trust Inc (AAT) Chairman, CEO & President Ernest S Rady Bought …” with publication date: September 12, 2016.
AAT Company Profile
American Assets Trust, Inc., incorporated on July 16, 2010, is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Firm owns, operates, acquires and develops retail, office, multifamily and mixed-use properties in high-barrier-to-entry markets in Southern California, Northern California, Oregon, Washington, Texas and Hawaii. The Firm operates through four divisions: retail, office, multifamily and mixed-use. The Company’s portfolio consists of approximately 10 retail shopping centers; over seven office properties; a mixed-use property consisting of approximately 370-room all-suite hotel and a retail shopping center, and approximately five multifamily properties. The Firm owns land at over five of its properties that it classifies as held for development and construction in progress. The Company’s markets include San Diego; the San Francisco Bay Area; Portland, Oregon; Bellevue, Washington, and Oahu, Hawaii.
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