Shares of American Assets Trust Inc. (NYSE:AAT) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $45.21 and last traded at $45.12, with a volume of 142,493 shares trading hands. The stock had previously closed at $44.71.

A number of equities analysts recently issued reports on AAT shares. 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 price objective on the stock. Canaccord Genuity reissued a “buy” rating on shares of American Assets Trust in a report on Wednesday, April 27th. Royal Bank Of Canada raised their price objective 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. Bank of America Corp. reissued a “buy” rating on shares of American Assets Trust in a report on Thursday, July 7th. Finally, Zacks Investment Research downgraded shares of American Assets Trust from a “hold” rating to a “sell” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. American Assets Trust currently has a consensus rating of “Buy” and an average target price of $47.25.

The stock has a market cap of $2.05 billion and a P/E ratio of 53.38. The company has a 50 day moving average price of $42.28 and a 200-day moving average price of $39.29.

American Assets Trust (NYSE:AAT) last announced its earnings results on Tuesday, April 26th. The real estate investment trust reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.01. On average, equities analysts forecast that American Assets Trust Inc. will post $1.87 earnings per share for the current year.

The company also recently announced 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 2.22%.

In other news, Director Duane Nelles bought 7,000 shares of American Assets Trust stock in a transaction on Thursday, May 26th. The stock was acquired at an average cost of $39.76 per share, for a total transaction of $278,320.00. Following the completion of the acquisition, the director now owns 1,678 shares of the company’s stock, valued at approximately $66,717.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

A number of institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in shares of American Assets Trust by 23.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 32,754 shares of the real estate investment trust’s stock worth $1,257,000 after buying an additional 6,270 shares in the last quarter. Comerica Bank increased its position 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 valued at $1,533,000 after buying an additional 869 shares during the period. First Trust Advisors LP increased its position in American Assets Trust by 206.2% in the fourth quarter. First Trust Advisors LP now owns 43,690 shares of the real estate investment trust’s stock valued at $1,676,000 after buying an additional 29,421 shares during the period. Rhumbline Advisers increased its position in American Assets Trust by 7.6% in the fourth quarter. Rhumbline Advisers now owns 54,348 shares of the real estate investment trust’s stock valued at $2,084,000 after buying an additional 3,825 shares during the period. Finally, Bank of Montreal Can increased its position 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 valued at $3,344,000 after buying an additional 54,726 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.