Mizuho Increases American Assets Trust (NYSE:AAT) Price Target to $28.00

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

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

American Assets Trust Price Performance

Shares of AAT stock opened at $27.85 on Tuesday. The firm has a fifty day moving average of $27.53 and a two-hundred day moving average of $25.45. The firm has a market cap of $1.70 billion, a P/E ratio of 30.60 and a beta of 1.30. American Assets Trust has a 1-year low of $20.03 and a 1-year high of $29.15. The company has a debt-to-equity ratio of 1.86, a current ratio of 8.53 and a quick ratio of 8.53.

American Assets Trust Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date is Thursday, December 5th. American Assets Trust’s dividend payout ratio is presently 147.25%.

Insiders Place Their Bets

In other news, COO Adam Wyll sold 30,238 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $28.22, for a total transaction of $853,316.36. Following the completion of the transaction, the chief operating officer now directly owns 45,595 shares of the company’s stock, valued at approximately $1,286,690.90. This represents a 39.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 37.32% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its stake in American Assets Trust by 130.3% in the second quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 1,059 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of American Assets Trust by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,891 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 488 shares during the period. Quarry LP lifted its position in American Assets Trust by 131.3% in the 3rd quarter. Quarry LP now owns 2,163 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 1,228 shares during the last quarter. Vestcor Inc bought a new position in American Assets Trust in the 3rd quarter worth about $103,000. Finally, Blue Trust Inc. increased its stake in shares of American Assets Trust by 516.3% in the third quarter. Blue Trust Inc. now owns 5,775 shares of the real estate investment trust’s stock valued at $154,000 after purchasing an additional 4,838 shares during the period. 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.