American Assets Trust (NYSE:AAT) Upgraded by Wall Street Zen to "Buy" Rating

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 Sunday morning.

Separately, Morgan Stanley lowered their target price on American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th.

American Assets Trust Stock Performance

AAT stock traded down $0.05 during midday trading on Friday, hitting $20.22. The company's stock had a trading volume of 298,901 shares, compared to its average volume of 347,667. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 15.92 and a beta of 1.15. The stock's 50-day moving average price is $20.09 and its 200 day moving average price is $20.82. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 1.47. American Assets Trust has a 1 year low of $16.69 and a 1 year high of $29.15.

American Assets Trust (NYSE:AAT - Get Free Report) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.07. The firm had revenue of $108.61 million for the quarter, compared to analyst estimates of $112.05 million. American Assets Trust had a return on equity of 7.02% and a net margin of 17.57%. On average, equities analysts forecast that American Assets Trust will post 1.94 EPS for the current year.

American Assets Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Investors of record on Thursday, June 5th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 6.73%. The ex-dividend date of this dividend was Thursday, June 5th. American Assets Trust's payout ratio is 107.09%.

Hedge Funds Weigh In On American Assets Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Loomis Sayles & Co. L P bought a new stake in American Assets Trust in the fourth quarter valued at approximately $44,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in American Assets Trust in the fourth quarter valued at approximately $63,000. Federated Hermes Inc. lifted its position in American Assets Trust by 62.7% in the fourth quarter. Federated Hermes Inc. now owns 2,827 shares of the real estate investment trust's stock valued at $74,000 after purchasing an additional 1,089 shares during the last quarter. State of Wyoming bought a new stake in American Assets Trust in the fourth quarter valued at approximately $101,000. Finally, Strs Ohio bought a new stake in American Assets Trust in the first quarter valued at approximately $175,000. 90.41% of the stock is currently owned by hedge funds and other institutional investors.

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.