American Assets Trust (NYSE:AAT) Stock Price Expected to Rise, Mizuho Analyst Says

American Assets Trust (NYSE:AAT) had its price objective lifted by Mizuho from $26.00 to $28.00 in a research report report published on Tuesday morning,Benzinga reports. Mizuho currently has a neutral rating on the real estate investment trust’s stock.

Separately, Morgan Stanley boosted their target price on shares of American Assets Trust from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th.

American Assets Trust Trading Down 0.3 %

Shares of NYSE:AAT opened at $27.65 on Tuesday. The company has a current ratio of 8.53, a quick ratio of 8.53 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $1.68 billion, a PE ratio of 30.38 and a beta of 1.30. American Assets Trust has a 12-month low of $20.03 and a 12-month high of $29.15. The business’s fifty day simple moving average is $27.59 and its 200-day simple moving average is $25.48.

American Assets Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 4.85%. The ex-dividend date is Thursday, December 5th. American Assets Trust’s dividend payout ratio is currently 147.25%.

Insider Transactions at American Assets Trust

In related news, COO Adam Wyll sold 30,238 shares of American Assets Trust stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $28.22, for a total value of $853,316.36. Following the completion of the sale, the chief operating officer now directly owns 45,595 shares in the company, valued at $1,286,690.90. This trade represents a 39.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 37.32% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of American Assets Trust by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,474,684 shares of the real estate investment trust’s stock valued at $39,404,000 after purchasing an additional 35,688 shares during the period. Blue Trust Inc. increased its holdings in American Assets Trust by 516.3% in the 3rd quarter. Blue Trust Inc. now owns 5,775 shares of the real estate investment trust’s stock worth $154,000 after buying an additional 4,838 shares during the period. Dimensional Fund Advisors LP raised its position in American Assets Trust by 9.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 779,127 shares of the real estate investment trust’s stock worth $17,436,000 after buying an additional 69,985 shares during the last quarter. LSV Asset Management lifted its stake in American Assets Trust by 1.3% during the 2nd quarter. LSV Asset Management now owns 2,114,348 shares of the real estate investment trust’s stock valued at $47,319,000 after acquiring an additional 26,618 shares during the period. Finally, Ritholtz Wealth Management boosted its holdings in shares of American Assets Trust by 277.1% in the 3rd quarter. Ritholtz Wealth Management now owns 80,027 shares of the real estate investment trust’s stock valued at $2,138,000 after acquiring an additional 58,803 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

American Assets Trust Company Profile

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii.