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

AAT has been the topic of several recent research reports. Mizuho initiated coverage on American Assets Trust in a report on Wednesday, April 13th. They issued a “buy” rating and a $46.00 price target on the stock. Bank of America Corp. reiterated a “buy” rating on shares of American Assets Trust in a report on Thursday, July 7th. Royal Bank Of Canada increased their price target on American Assets Trust from $48.00 to $49.00 and gave the stock an “outperform” rating in a report on Monday, May 2nd. Finally, Canaccord Genuity reiterated a “buy” rating on shares of American Assets Trust in a report on Wednesday, April 27th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $47.25.

The company has a 50 day moving average of $41.66 and a 200 day moving average of $39.08. The company has a market capitalization of $2.02 billion and a PE ratio of 52.75.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Friday, June 10th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, June 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.24%.

In other American Assets Trust news, Director Duane Nelles acquired 7,000 shares of the company’s 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 completion of the purchase, the director now owns 1,678 shares in the company, valued at $66,717.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Other large investors have recently made changes to their positions in the company. Boston Partners increased its stake in shares of 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 valued at $62,084,000 after buying an additional 128,497 shares during the period. Eagle Asset Management increased its stake in shares of American Assets Trust by 99.3% in the third quarter. Eagle Asset Management now owns 596,098 shares of the real estate investment trust’s stock valued at $24,356,000 after buying an additional 297,016 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of 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 valued at $20,134,000 after buying an additional 10,000 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of 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 valued at $17,156,000 after buying an additional 55,348 shares during the period. Finally, OppenheimerFunds Inc. increased its stake in shares of 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 valued at $12,017,000 after buying an additional 35,027 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.

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