American Assets Trust, a real estate investment trust, has recently received coverage and ratings from equities research analysts. According to a report by StockNews.com on September 19, 2023, the company was given a “hold” rating on the stock. Mizuho, another research firm, also provided their analysis and decreased the price target on American Assets Trust from $22.00 to $21.00, assigning a “neutral” rating.
The interest in American Assets Trust extends beyond analysts’ opinions as institutional investors have made modifications to their holdings of the company. Raymond James & Associates acquired a new stake in the first quarter of this year, amounting to approximately $375,000. Similarly, Natixis Advisors L.P. purchased a stake valued at around $552,000 during the same period.
MetLife Investment Management LLC saw an impressive increase in its stake by 53.7% in the first quarter and now holds 26,466 shares worth $1,003,000. Rhumbline Advisers also boosted its stake by 1.6%, owning 150,162 shares valued at $5,690,000 after purchasing an additional 2,368 shares in the last quarter. Lastly, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake by 14.2%, holding 45,394 shares worth $1,720,000 after purchasing an additional 5,631 shares.
Notably, these institutional investors now collectively own approximately 89.44% of American Assets Trust’s stock.
On September 19th,the opening share price for AAT stood at $20.40 compared to its average of $21.44 over the past 50 days and its average of $19.82 over the past 200 days.The company’s stock performance has seen fluctuations between a low of $16.04 and a high of $29.73 in the past twelve months. With a market capitalization of $1.24 billion, American Assets Trust holds a price-to-earnings (P/E) ratio of 24.29 and a P/E-to-growth (PEG) ratio of 7.15. The stock’s Beta stands at 1.11.
In terms of financial health, American Assets Trust has demonstrated solid liquidity with a quick ratio and current ratio both at 2.88 as reported on September 19th, 2023.These figures indicate the company’s ability to cover its short-term liabilities efficiently.American Assets Trust also maintains a debt-to-equity ratio of 1.44, further illustrating its responsible financial management.
This update on American Assets Trust reveals the assessments provided by equities research analysts and sheds light on the investment decisions made by institutional investors. It provides potential investors with valuable insights into the company’s performance and its position within the real estate investment sector.
The AZEK Company Inc.
AZEK
Buy
Updated on: 26/09/2023
Financial Health
Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
American Assets Trust Shows Strong Growth and Investor Confidence with Positive Earnings and Institutional Investments
American Assets Trust, Inc. (NYSE:AAT), a real estate investment trust, has recently received positive news regarding its earnings for the third quarter of 2023. KeyCorp, a prominent financial services company, has raised their estimates for American Assets Trust’s earnings per share (EPS) for the quarter.
According to the note issued by KeyCorp analyst T. Thomas on September 17th, it is anticipated that American Assets Trust will now post earnings of $0.56 per share for the third quarter. This is an increase from their previous estimate of $0.55 per share. It is important to note that these estimates are not set in stone and may be subject to change as further information becomes available.
Furthermore, analysts have also provided estimates for American Assets Trust’s earnings for future quarters and the full year of 2024. The forecasts suggest that American Assets Trust will continue to perform well in the coming years.
In terms of institutional investments, multiple investors have recently made adjustments to their holdings of American Assets Trust stock. For example, Raymond James & Associates and Natixis Advisors L.P. both purchased new stakes in the company in the first quarter of this year.
Additionally, MetLife Investment Management LLC increased its stake in American Assets Trust by 53.7% during the same period. Rhumbline Advisers and Commonwealth of Pennsylvania Public School Empls Retrmt SYS also boosted their holdings in the company during this time frame.
American Assets Trust has also announced a quarterly dividend for its shareholders. Investors who held shares as of September 7th will receive a dividend payment of $0.33 per share on September 21st. This represents an annualized dividend payout ratio (DPR) of 157.14% and a dividend yield of 6.47%.
Overall, these recent developments indicate that American Assets Trust is increasing investor confidence through its solid financial performance and shareholder-friendly initiatives such as dividend payments. It will be interesting to monitor how the company’s earnings and investments continue to progress in the months and years ahead.
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