American Assets Trust Inc. (NYSE:AAT) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $46.38 and last traded at $44.61, with a volume of 72,722 shares trading hands. The stock had previously closed at $45.56.

AAT has been the subject of a number of research analyst reports. Canaccord Genuity reaffirmed a “buy” rating on shares of American Assets Trust in a research report on Wednesday, April 27th. Mizuho initiated coverage on shares of American Assets Trust in a research note on Wednesday, April 13th. They issued a “buy” rating and a $46.00 target price on the stock. Bank of America Corp. reissued a “buy” rating on shares of American Assets Trust in a research note on Thursday, July 7th. Royal Bank Of Canada upped their target price on shares of American Assets Trust from $48.00 to $49.00 and gave the company an “outperform” rating in a research note on Monday, May 2nd. Finally, Zacks Investment Research cut shares of American Assets Trust from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. American Assets Trust presently has a consensus rating of “Buy” and an average price target of $47.25.

The stock has a market cap of $2.03 billion and a PE ratio of 52.89. The firm has a 50 day moving average of $42.64 and a 200 day moving average of $39.47.

American Assets Trust (NYSE:AAT) last posted its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by $0.01. Equities analysts predict that American Assets Trust Inc. will post $1.87 EPS for the current fiscal year.

In related news, Director Duane Nelles bought 7,000 shares of the business’s stock in a transaction dated Thursday, May 26th. The stock was bought at an average price of $39.76 per share, for a total transaction of $278,320.00. Following the purchase, the director now owns 1,678 shares in the company, valued at approximately $66,717.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Several hedge funds recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its stake in 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 boosted 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 in the last quarter. First Trust Advisors LP boosted its stake 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 worth $1,676,000 after buying an additional 29,421 shares in the last quarter. Rhumbline Advisers boosted its stake 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 worth $2,084,000 after buying an additional 3,825 shares in the last quarter. Finally, Bank of Montreal Can boosted 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 in 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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