American Assets Trust Inc. (NYSE:AAT) declared a quarterly dividend on Wednesday, July 27th. Shareholders of record on Thursday, September 15th will be paid a dividend of 0.25 per share by the real estate investment trust on Thursday, September 29th. This represents a $1.00 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Tuesday, September 13th.
Several brokerages have commented on AAT. Zacks Investment Research downgraded shares of American Assets Trust from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Mizuho cut shares of American Assets Trust from a “buy” rating to a “neutral” rating and set a $46.00 target price on the stock. in a research note on Monday, July 18th. Bank of America Corp. reaffirmed a “buy” rating on shares of American Assets Trust in a research note on Thursday, July 7th. Royal Bank Of Canada boosted their target price on shares of American Assets Trust from $48.00 to $49.00 and gave the stock an “outperform” rating in a research note on Monday, May 2nd. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of American Assets Trust in a research note on Wednesday, April 27th. 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. The company has an average rating of “Buy” and a consensus target price of $47.25.
Shares of American Assets Trust (NYSE:AAT) traded down 1.91% during mid-day trading on Wednesday, hitting $44.69. 220,518 shares of the company traded hands. The firm’s 50 day moving average price is $42.64 and its 200-day moving average price is $39.47. American Assets Trust has a 1-year low of $34.07 and a 1-year high of $46.38. The stock has a market capitalization of $2.03 billion and a PE ratio of 52.89.
In other American Assets Trust news, Director Duane Nelles acquired 7,000 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The stock was 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 in the company, valued at $66,717.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
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.
