American Assets Trust (NYSE:AAT) Price Target Lowered to $19.00 at Mizuho

American Assets Trust (NYSE:AATGet Rating) had its price target lowered by Mizuho from $30.00 to $19.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

Separately, StockNews.com began coverage on American Assets Trust in a research report on Thursday, May 18th. They set a hold rating for the company. Four analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $23.50.

American Assets Trust Stock Performance

AAT opened at $18.85 on Thursday. The firm has a market cap of $1.14 billion, a P/E ratio of 22.99, a price-to-earnings-growth ratio of 7.00 and a beta of 1.11. American Assets Trust has a 52-week low of $16.04 and a 52-week high of $34.28. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.80 and a current ratio of 2.80. The business’s fifty day moving average is $18.21 and its 200-day moving average is $23.67.

American Assets Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Thursday, June 8th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, June 7th. This represents a $1.32 annualized dividend and a dividend yield of 7.00%. American Assets Trust’s dividend payout ratio is currently 160.98%.

Insider Buying and Selling at American Assets Trust

In other news, CEO Ernest S. Rady bought 40,000 shares of the company’s stock in a transaction on Thursday, March 9th. The stock was purchased at an average cost of $21.98 per share, for a total transaction of $879,200.00. Following the completion of the transaction, the chief executive officer now owns 7,077,628 shares of the company’s stock, valued at $155,566,263.44. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Ernest S. Rady acquired 100,000 shares of the stock in a transaction dated Wednesday, May 3rd. The stock was bought at an average cost of $17.66 per share, for a total transaction of $1,766,000.00. Following the completion of the transaction, the chief executive officer now directly owns 7,397,628 shares of the company’s stock, valued at $130,642,110.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernest S. Rady acquired 40,000 shares of the stock in a transaction dated Thursday, March 9th. The shares were bought at an average price of $21.98 per share, with a total value of $879,200.00. Following the completion of the transaction, the chief executive officer now directly owns 7,077,628 shares of the company’s stock, valued at $155,566,263.44. The disclosure for this purchase can be found here. Over the last three months, insiders bought 602,140 shares of company stock worth $11,255,918. 35.44% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Assets Trust

A number of hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its stake in American Assets Trust by 0.8% in the fourth quarter. State of Alaska Department of Revenue now owns 61,073 shares of the real estate investment trust’s stock valued at $1,617,000 after acquiring an additional 488 shares during the period. Arizona State Retirement System grew its stake in American Assets Trust by 3.8% in the fourth quarter. Arizona State Retirement System now owns 14,517 shares of the real estate investment trust’s stock valued at $385,000 after acquiring an additional 537 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of American Assets Trust by 2.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,254 shares of the real estate investment trust’s stock valued at $432,000 after purchasing an additional 540 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of American Assets Trust by 3.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 18,252 shares of the real estate investment trust’s stock valued at $484,000 after purchasing an additional 547 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of American Assets Trust by 18.7% in the third quarter. Tower Research Capital LLC TRC now owns 3,738 shares of the real estate investment trust’s stock valued at $97,000 after purchasing an additional 588 shares in the last quarter. Institutional investors and hedge funds own 92.33% of the company’s stock.

American Assets Trust Company Profile

(Get Rating)

American Assets Trust, Inc is a real estate investment trust. It owns, operates, acquires, and develops retail shopping centers, office properties, mixed-use properties, and multifamily properties. It operates through the following business segments: Office, Retail, Multifamily, and Mixed-Use. The Office segment includes rental of office space.

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