American Assets Trust, Inc (NYSE:AAT) Receives $49.50 Average Price Target from Analysts

American Assets Trust, Inc (NYSE:AAT) has received an average recommendation of “Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $49.50.

AAT has been the subject of a number of research analyst reports. TheStreet upgraded American Assets Trust from a “c” rating to a “b-” rating in a report on Wednesday, May 1st. Morgan Stanley set a $51.00 target price on American Assets Trust and gave the company a “buy” rating in a report on Wednesday, June 19th. Zacks Investment Research lowered American Assets Trust from a “buy” rating to a “hold” rating in a report on Friday, May 24th. Finally, JMP Securities upgraded American Assets Trust from a “market perform” rating to an “outperform” rating in a report on Thursday, May 30th.

Several large investors have recently made changes to their positions in AAT. Norges Bank purchased a new stake in shares of American Assets Trust during the fourth quarter worth $23,557,000. Federated Investors Inc. PA purchased a new stake in shares of American Assets Trust during the first quarter worth $12,033,000. BlackRock Inc. raised its holdings in shares of American Assets Trust by 2.2% during the fourth quarter. BlackRock Inc. now owns 6,641,382 shares of the real estate investment trust’s stock worth $266,783,000 after acquiring an additional 142,551 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of American Assets Trust by 26.0% during the fourth quarter. Geode Capital Management LLC now owns 539,217 shares of the real estate investment trust’s stock worth $21,660,000 after acquiring an additional 111,339 shares in the last quarter. Finally, American Century Companies Inc. purchased a new stake in shares of American Assets Trust during the fourth quarter worth $3,984,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Shares of AAT traded up $0.08 during mid-day trading on Wednesday, reaching $47.96. The company’s stock had a trading volume of 12,398 shares, compared to its average volume of 352,682. The company has a fifty day moving average price of $46.52. The company has a market cap of $2.29 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 3.49 and a beta of 0.38. American Assets Trust has a 1 year low of $35.37 and a 1 year high of $48.11. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.12 and a current ratio of 2.12.

American Assets Trust (NYSE:AAT) last released its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.32). The business had revenue of $85.32 million during the quarter, compared to analysts’ expectations of $82.06 million. American Assets Trust had a net margin of 9.31% and a return on equity of 3.86%. Sell-side analysts predict that American Assets Trust will post 2.23 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were issued a dividend of $0.28 per share. The ex-dividend date was Wednesday, June 12th. This represents a $1.12 annualized dividend and a dividend yield of 2.34%. American Assets Trust’s dividend payout ratio is 53.59%.

About American Assets Trust

American Assets Trust, Inc (the “company”) is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier retail, office 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, Oregon, Washington, Texas and Hawaii.

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