American Assets Trust (NYSE:AAT) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of American Assets Trust (NYSE:AAT - Free Report) from a hold rating to a buy rating in a research note published on Saturday morning.

A number of other equities analysts have also commented on AAT. Morgan Stanley decreased their price objective on shares of American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Mizuho decreased their target price on shares of American Assets Trust from $28.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th.

American Assets Trust Price Performance

Shares of NYSE AAT traded up $0.21 during mid-day trading on Friday, reaching $20.17. 569,220 shares of the company traded hands, compared to its average volume of 317,722. American Assets Trust has a fifty-two week low of $16.69 and a fifty-two week high of $29.15. The company has a debt-to-equity ratio of 1.80, a current ratio of 8.17 and a quick ratio of 8.17. The firm has a market cap of $1.23 billion, a PE ratio of 22.66 and a beta of 1.13. The stock has a fifty day simple moving average of $19.17 and a 200-day simple moving average of $22.72.

American Assets Trust (NYSE:AAT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.07. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. The business had revenue of $108.61 million for the quarter, compared to analyst estimates of $112.05 million. Equities research analysts anticipate that American Assets Trust will post 1.94 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.74%. The ex-dividend date is Thursday, June 5th. American Assets Trust's dividend payout ratio (DPR) is currently 107.09%.

Institutional Investors Weigh In On American Assets Trust

A number of institutional investors have recently modified their holdings of AAT. Barclays PLC lifted its stake in shares of American Assets Trust by 110.5% in the 3rd quarter. Barclays PLC now owns 110,220 shares of the real estate investment trust's stock valued at $2,946,000 after purchasing an additional 57,850 shares during the last quarter. Amundi lifted its stake in shares of American Assets Trust by 40.4% in the 4th quarter. Amundi now owns 50,464 shares of the real estate investment trust's stock valued at $1,229,000 after purchasing an additional 14,527 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of American Assets Trust in the 4th quarter valued at $1,703,000. Norges Bank acquired a new stake in shares of American Assets Trust in the 4th quarter valued at $6,010,000. Finally, Thrivent Financial for Lutherans lifted its stake in shares of American Assets Trust by 187.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 107,116 shares of the real estate investment trust's stock valued at $2,813,000 after purchasing an additional 69,812 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.