American Assets Trust Inc. (NYSE:AAT) saw unusually-high trading volume on Friday . Approximately 194,370 shares traded hands during trading, a decline of 4% from the previous session’s volume of 201,607 shares.The stock last traded at $43.30 and had previously closed at $42.87.

AAT has been the subject of a number of analyst reports. Royal Bank Of Canada increased their target price on shares of American Assets Trust from $48.00 to $49.00 and gave the stock an “outperform” rating in a report on Monday, May 2nd. Mizuho reiterated a “buy” rating on shares of American Assets Trust in a report on Thursday, May 26th. Bank of America Corp. reiterated a “buy” rating on shares of American Assets Trust in a report on Thursday. Finally, Canaccord Genuity reiterated a “buy” rating on shares of American Assets Trust in a report on Wednesday, April 27th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $47.25.

The company has a market capitalization of $1.97 billion and a P/E ratio of 51.34. The stock has a 50-day moving average price of $40.98 and a 200-day moving average price of $38.89.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings results on Tuesday, April 26th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. On average, analysts anticipate that American Assets Trust Inc. will post $1.88 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record on Friday, June 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $1.00 dividend on an annualized basis and a yield of 2.31%.

In other American Assets Trust news, Director Duane Nelles bought 7,000 shares of American Assets Trust stock in a transaction dated Thursday, May 26th. The shares were purchased at an average cost of $39.76 per share, for a total transaction of $278,320.00. Following the acquisition, the director now directly owns 1,678 shares in the company, valued at approximately $66,717.28. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Other hedge funds have bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in American Assets Trust by 14.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 447,322 shares of the real estate investment trust’s stock worth $17,156,000 after buying an additional 55,348 shares during the period. State of New Jersey Common Pension Fund D increased its stake in American Assets Trust by 1.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 525,000 shares of the real estate investment trust’s stock worth $20,134,000 after buying an additional 10,000 shares during the period. Principal Financial Group Inc. increased its stake in American Assets Trust by 5.5% in the fourth quarter. Principal Financial Group Inc. now owns 270,222 shares of the real estate investment trust’s stock worth $10,363,000 after buying an additional 14,176 shares during the period. Bank of Montreal Can increased its stake in American Assets Trust by 168.5% in the fourth quarter. Bank of Montreal Can now owns 87,209 shares of the real estate investment trust’s stock worth $3,344,000 after buying an additional 54,726 shares during the period. Finally, Boston Partners increased its stake in American Assets Trust by 8.6% in the fourth quarter. Boston Partners now owns 1,618,868 shares of the real estate investment trust’s stock worth $62,084,000 after buying an additional 128,497 shares during the period.

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires and develops retail, office, multifamily and mixed-use properties in attractive, high-barrier-to-entry markets in Southern California, Northern California, Oregon, Washington, Texas and Hawaii.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.