Favorable Media Coverage Somewhat Unlikely to Affect American Assets Trust (AAT) Stock Price

News stories about American Assets Trust (NYSE:AAT) have trended positive on Saturday, according to AlphaOne Sentiment Analysis. The research firm, a subsidiary of Accern, identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. American Assets Trust earned a coverage optimism score of 0.30 on AlphaOne’s scale. AlphaOne also gave press coverage about the real estate investment trust an impact score of 45 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news stories that may have impacted Alpha One Sentiment Analysis’s scoring:

Insider Buying and Selling by Quarter for American Assets Trust (NYSE:AAT)

Several equities research analysts recently issued reports on AAT shares. Zacks Investment Research upgraded shares of American Assets Trust from a “sell” rating to a “hold” rating in a research note on Monday, March 27th. Mizuho downgraded shares of American Assets Trust from a “buy” rating to a “neutral” rating and set a $44.00 target price for the company. in a research note on Wednesday, February 22nd. Canaccord Genuity raised their target price on shares of American Assets Trust from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, April 12th. Finally, BidaskClub upgraded shares of American Assets Trust from a “strong sell” rating to a “sell” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $48.50.

Shares of American Assets Trust (NYSE AAT) opened at 40.06 on Friday. The firm has a market capitalization of $1.89 billion, a P/E ratio of 56.50 and a beta of 0.55. The firm’s 50-day moving average is $40.19 and its 200 day moving average is $42.06. American Assets Trust has a 12 month low of $37.54 and a 12 month high of $46.38.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Stockholders of record on Thursday, June 15th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Tuesday, June 13th. American Assets Trust’s dividend payout ratio is currently 146.48%.

In related news, CEO Ernest S. Rady bought 98,151 shares of American Assets Trust stock in a transaction dated Wednesday, May 24th. The stock was purchased at an average cost of $39.34 per share, with a total value of $3,861,260.34. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ernest S. Rady bought 3,321 shares of American Assets Trust stock in a transaction dated Monday, June 12th. The shares were bought at an average cost of $40.97 per share, with a total value of $136,061.37. The disclosure for this purchase can be found here. Insiders have bought a total of 537,169 shares of company stock valued at $21,234,402 over the last three months. Insiders own 34.15% of the company’s stock.

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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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