American Assets Trust (NYSE:AAT) Share Price Passes Above 200 Day Moving Average of $19.93

American Assets Trust, Inc. (NYSE:AAT)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $19.93 and traded as high as $20.77. American Assets Trust shares last traded at $20.57, with a volume of 1,614,198 shares traded.

Analysts Set New Price Targets

AAT has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on American Assets Trust in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Mizuho upped their price target on American Assets Trust from $19.00 to $22.00 in a research report on Thursday, July 20th.

American Assets Trust Stock Performance

The company has a market cap of $1.25 billion, a P/E ratio of 24.49, a P/E/G ratio of 6.96 and a beta of 1.11. The firm has a 50 day moving average price of $21.43 and a 200-day moving average price of $19.93. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.88 and a current ratio of 2.88.

American Assets Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, September 7th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $1.32 annualized dividend and a yield of 6.42%. American Assets Trust’s payout ratio is 157.14%.

Hedge Funds Weigh In On American Assets Trust

Several large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its position in American Assets Trust by 256.3% in the 1st quarter. Russell Investments Group Ltd. now owns 63,783 shares of the real estate investment trust’s stock valued at $1,186,000 after buying an additional 45,883 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of American Assets Trust by 11.1% in the 1st quarter. Nisa Investment Advisors LLC now owns 21,619 shares of the real estate investment trust’s stock valued at $402,000 after purchasing an additional 2,159 shares during the period. Van ECK Associates Corp raised its stake in shares of American Assets Trust by 79.9% in the 4th quarter. Van ECK Associates Corp now owns 5,121 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 2,275 shares during the period. Arizona State Retirement System increased its position in shares of American Assets Trust by 3.8% in the fourth quarter. Arizona State Retirement System now owns 14,517 shares of the real estate investment trust’s stock valued at $385,000 after acquiring an additional 537 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in American Assets Trust by 2.1% during the first quarter. Asset Management One Co. Ltd. now owns 83,999 shares of the real estate investment trust’s stock worth $1,562,000 after purchasing an additional 1,725 shares during the period. Institutional investors and hedge funds own 89.44% of the company’s stock.

About American Assets Trust

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii.