American Assets Trust Inc. (NYSE:AAT)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $44.52 and last traded at $44.44, with a volume of 74,355 shares changing hands. The stock had previously closed at $43.67.

Several equities research analysts have weighed in on AAT shares. Canaccord Genuity reiterated a “buy” rating on shares of American Assets Trust in a report on Wednesday, April 27th. Mizuho started coverage on shares of American Assets Trust in a report on Wednesday, April 13th. They issued a “buy” rating and a $46.00 target price on the stock. 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. Finally, Bank of America Corp. reiterated a “buy” rating on shares of American Assets Trust in a report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $47.25.

The company has a 50 day moving average price of $41.38 and a 200 day moving average price of $39.00. The company has a market cap of $2.02 billion and a price-to-earnings ratio of 52.60.

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 the consensus estimate of $0.45 by $0.01. Equities research analysts predict 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. Investors of record on Friday, June 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Wednesday, June 8th.

In related news, Director Duane Nelles purchased 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 26th. The shares were bought at an average cost of $39.76 per share, with a total value of $278,320.00. Following the acquisition, the director now owns 1,678 shares of the company’s stock, valued at approximately $66,717.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Other large investors have bought and sold shares of the company. State of New Jersey Common Pension Fund D raised 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 last quarter. Bank of Montreal Can raised 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 last quarter. Comerica Bank raised its stake in American Assets Trust by 2.2% in the fourth quarter. Comerica Bank now owns 40,810 shares of the real estate investment trust’s stock worth $1,533,000 after buying an additional 869 shares during the last quarter. OppenheimerFunds Inc. raised its stake in American Assets Trust by 12.6% in the fourth quarter. OppenheimerFunds Inc. now owns 313,360 shares of the real estate investment trust’s stock worth $12,017,000 after buying an additional 35,027 shares during the last quarter. Finally, Principal Financial Group Inc. raised 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 last quarter.

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.

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