Mizuho Issues Pessimistic Forecast for American Assets Trust (NYSE:AAT) Stock Price

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

Separately, Morgan Stanley boosted 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 report on Wednesday, October 30th.

American Assets Trust Stock Performance

Shares of AAT opened at $21.93 on Tuesday. American Assets Trust has a 1 year low of $20.03 and a 1 year high of $29.15. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 24.64 and a beta of 1.30. The company has a debt-to-equity ratio of 1.80, a quick ratio of 8.17 and a current ratio of 8.17. The firm has a fifty day moving average of $24.22 and a 200-day moving average of $26.07.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts anticipate that American Assets Trust will post 1.94 earnings per share for the current year.

American Assets Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.36 annualized dividend and a yield of 6.20%. This is an increase from American Assets Trust’s previous quarterly dividend of $0.34. American Assets Trust’s dividend payout ratio is presently 150.56%.

Insider Buying and Selling

In related news, COO Adam Wyll sold 30,238 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $28.22, for a total value of $853,316.36. Following the completion of the sale, the chief operating officer now owns 45,595 shares of the company’s stock, valued at $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 SEC, which is available through the SEC website. Corporate insiders own 37.32% of the company’s stock.

Institutional Investors Weigh In On American Assets Trust

Several institutional investors have recently bought and sold shares of AAT. Integrated Wealth Concepts LLC raised its position in American Assets Trust by 2.3% in the third quarter. Integrated Wealth Concepts LLC now owns 17,076 shares of the real estate investment trust’s stock worth $456,000 after acquiring an additional 388 shares in the last quarter. Daiwa Securities Group Inc. raised its position in American Assets Trust by 3.0% in the third quarter. Daiwa Securities Group Inc. now owns 15,504 shares of the real estate investment trust’s stock worth $414,000 after acquiring an additional 446 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in American Assets Trust by 34.8% in the third 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 in the last quarter. Intech Investment Management LLC raised its position in American Assets Trust by 5.1% in the third quarter. Intech Investment Management LLC now owns 11,893 shares of the real estate investment trust’s stock worth $318,000 after acquiring an additional 582 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in American Assets Trust by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,250 shares of the real estate investment trust’s stock worth $716,000 after acquiring an additional 971 shares in the last quarter. 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.