American Assets Trust (NYSE:AAT) Price Target Lowered to $22.00 at Mizuho

American Assets Trust (NYSE:AAT) had its price target decreased by Mizuho from $28.00 to $22.00 in a report issued on Tuesday,Benzinga reports. Mizuho currently has a neutral rating on the real estate investment trust’s stock.

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

American Assets Trust Price Performance

American Assets Trust stock opened at $21.93 on Tuesday. American Assets Trust has a 12-month low of $20.03 and a 12-month high of $29.15. The stock has a market capitalization of $1.34 billion, a P/E ratio of 24.64 and a beta of 1.30. The firm’s 50-day moving average is $24.22 and its two-hundred day moving average is $26.07. The company has a debt-to-equity ratio of 1.80, a current ratio of 8.17 and a quick ratio of 8.17.

American Assets Trust (NYSE:AAT) last released its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.41. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. Equities analysts predict that American Assets Trust will post 1.94 earnings per share for the current year.

American Assets Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 6.20%. This is a boost from American Assets Trust’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, March 6th. American Assets Trust’s payout ratio is 150.56%.

Insider Buying and Selling at American Assets Trust

In other 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 transaction of $853,316.36. Following the sale, the chief operating officer now owns 45,595 shares in the company, valued at $1,286,690.90. This trade represents a 39.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 37.32% of the stock is currently owned by corporate insiders.

Institutional Trading of American Assets Trust

A number of hedge funds have recently made changes to their positions in AAT. Assenagon Asset Management S.A. raised its stake in shares of American Assets Trust by 433.5% during the third quarter. Assenagon Asset Management S.A. now owns 83,181 shares of the real estate investment trust’s stock valued at $2,223,000 after purchasing an additional 67,589 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of American Assets Trust by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,891 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 488 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of American Assets Trust by 37.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 35,179 shares of the real estate investment trust’s stock worth $940,000 after buying an additional 9,620 shares during the last quarter. abrdn plc bought a new stake in shares of American Assets Trust in the third quarter worth $256,000. Finally, Van ECK Associates Corp increased its stake in shares of American Assets Trust by 15.0% in the third quarter. Van ECK Associates Corp now owns 9,457 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 1,232 shares during the last quarter. Hedge funds and other institutional investors 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.