Shares of American Assets Trust Inc. (NYSE:AAT) have received an average rating of “Buy” from the six brokerages that are presently covering the company. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $49.67.

A number of equities analysts have commented on AAT shares. Zacks Investment Research raised American Assets Trust from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Tuesday, September 13th. Mizuho raised American Assets Trust from a “neutral” rating to a “buy” rating and set a $43.00 target price for the company in a report on Monday, November 7th. RBC Capital Markets reissued an “outperform” rating and set a $53.00 target price (up previously from $49.00) on shares of American Assets Trust in a report on Monday, August 1st. Finally, Royal Bank Of Canada increased their target price on American Assets Trust from $49.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, August 1st.

American Assets Trust (NYSE:AAT) opened at 40.50 on Monday. The stock has a market cap of $1.85 billion, a PE ratio of 57.77 and a beta of 0.57. American Assets Trust has a 12-month low of $34.07 and a 12-month high of $46.38. The company’s 50-day moving average price is $40.00 and its 200-day moving average price is $42.21.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Investors of record on Thursday, December 8th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Tuesday, December 6th. This is a boost from American Assets Trust’s previous quarterly dividend of $0.25. American Assets Trust’s dividend payout ratio (DPR) is currently 140.85%.

In other American Assets Trust news, Director Duane Nelles acquired 24,000 shares of the stock in a transaction that occurred on Monday, November 7th. The stock was bought at an average cost of $39.46 per share, for a total transaction of $947,040.00. Following the completion of the transaction, the director now owns 1,225 shares of the company’s stock, valued at approximately $48,338.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ernest S. Rady acquired 65,000 shares of the stock in a transaction that occurred on Monday, September 12th. The stock was acquired at an average price of $43.06 per share, with a total value of $2,798,900.00. The disclosure for this purchase can be found here. 34.09% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of AAT. CI Investments Inc. raised its position in shares of American Assets Trust by 27.3% in the second quarter. CI Investments Inc. now owns 2,800 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 600 shares during the last quarter. Amalgamated Bank acquired a new position in shares of American Assets Trust during the second quarter valued at $209,000. SECOR Capital Advisors LP acquired a new position in shares of American Assets Trust during the third quarter valued at $213,000. PineBridge Investments L.P. raised its position in shares of American Assets Trust by 3.8% in the second quarter. PineBridge Investments L.P. now owns 5,010 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 183 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in shares of American Assets Trust by 3.9% in the second quarter. ProShare Advisors LLC now owns 5,668 shares of the real estate investment trust’s stock valued at $241,000 after buying an additional 215 shares during the last quarter. Institutional investors own 97.19% 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 high-barrier-to-entry markets in Southern California, Northern California, Oregon, Washington, Texas and Hawaii.

5 Day Chart for NYSE:AAT

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