Revenue Update on American Assets Trust Inc(NYSE:AAT)

American Assets Trust Inc(NYSE:AAT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $71.82M. Analysts estimated a revenue of $71.26M. Earnings per share were $0.45. Analysts had estimated an EPS of $0.46.

In a different note, On Jul 18, 2016, Mizuho Securities said it Downgrades its rating on American Assets Trust Inc. The shares have been rated ‘Neutral’ by the firm.

American Assets Trust Inc (AAT) made into the market gainers list on Fridays trading session with the shares advancing 1.71% or 0.77 points. Due to strong positive momentum, the stock ended at $45.88, which is also near the day’s high of $46.01. The stock began the session at $45 and the volume stood at 2,77,614 shares. The 52-week high of the shares is $46.38 and the 52 week low is $34.07. The company has a current market capitalization of $2,083 M and it has 4,54,05,906 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 26, 2016, Duane Nelles (director) purchased 7,000 shares at $39.76 per share price.Also, On Mar 9, 2016, Jerry Gammieri (V. P. Construction and Devlp) sold 2,650 shares at $37.80 per share price.On Mar 7, 2016, Ernest S Rady (CEO) purchased 5,500 shares at $37.67 per share price, according to the Form-4 filing with the securities and exchange commission.

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 attractive high-barrier-to-entry markets in Southern California Northern California Oregon Washington Texas and Hawaii. The Company operates through four business segments: retail which includes the rental of retail space and other tenant services; office which includes the rental of office space and other tenant services; multifamily which includes the rental of apartments and other tenant services and mixed-use which includes the rental of retail space and other tenant services. The Company’s core markets include San Diego the San Francisco Bay Area Portland Oregon Bellevue Washington and Oahu Hawaii.

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