Morgan Stanley set a $51.00 price target on American Assets Trust (NYSE:AAT) in a research report released on Wednesday, TipRanks reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Other analysts also recently issued research reports about the company. JMP Securities upgraded American Assets Trust from a market perform rating to an outperform rating in a research report on Thursday, May 30th. Zacks Investment Research downgraded American Assets Trust from a buy rating to a hold rating in a research report on Friday, May 24th. TheStreet upgraded American Assets Trust from a c rating to a b- rating in a research report on Wednesday, May 1st. Wells Fargo & Co restated a buy rating on shares of American Assets Trust in a research report on Thursday, March 7th. Finally, Mizuho boosted their target price on American Assets Trust to $48.00 and gave the stock a buy rating in a research report on Monday, March 4th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of $48.00.

Shares of NYSE AAT traded up $0.33 during midday trading on Wednesday, hitting $48.02. 16,005 shares of the company’s stock were exchanged, compared to its average volume of 732,850. American Assets Trust has a 12-month low of $35.37 and a 12-month high of $47.81. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 3.45 and a beta of 0.37.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.32). American Assets Trust had a return on equity of 3.86% and a net margin of 9.31%. The business had revenue of $85.32 million for the quarter, compared to analysts’ expectations of $82.06 million. On average, analysts predict that American Assets Trust will post 2.22 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be given a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $1.12 dividend on an annualized basis and a yield of 2.33%. American Assets Trust’s payout ratio is 53.59%.

A number of large investors have recently added to or reduced their stakes in AAT. Morgan Stanley raised its stake in shares of American Assets Trust by 41.7% in the third quarter. Morgan Stanley now owns 162,612 shares of the real estate investment trust’s stock valued at $6,063,000 after acquiring an additional 47,824 shares during the last quarter. Rhumbline Advisers grew its position in shares of American Assets Trust by 20.1% during the 4th quarter. Rhumbline Advisers now owns 121,284 shares of the real estate investment trust’s stock worth $4,872,000 after purchasing an additional 20,329 shares in the last quarter. Oregon Public Employees Retirement Fund acquired a new position in shares of American Assets Trust during the 4th quarter worth approximately $577,000. Piedmont Investment Advisors Inc. grew its position in shares of American Assets Trust by 3.3% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 9,002 shares of the real estate investment trust’s stock worth $362,000 after purchasing an additional 287 shares in the last quarter. Finally, Virginia Retirement Systems ET AL grew its position in shares of American Assets Trust by 14.7% during the 4th quarter. Virginia Retirement Systems ET AL now owns 25,800 shares of the real estate investment trust’s stock worth $1,036,000 after purchasing an additional 3,300 shares in the last quarter. Institutional investors own 94.86% of the company’s stock.

About American Assets Trust

American Assets Trust, Inc (the “company”) is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier retail, office 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, Oregon, Washington, Texas and Hawaii.

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