American Assets Trust, Inc (AAT) Received Average Recommendation of “Purchase” from Brokerages

American Assets Trust, Inc (AAT) Received Average Recommendation of “Purchase” from Brokerages

Shares of American Assets Trust, Inc (NYSE:AAT) have received an average rating of “Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $42.60.

Several analysts have weighed in on AAT shares. Mizuho reissued a “buy” rating and issued a $43.00 price target on shares of American Assets Trust in a research note on Wednesday, November 7th. Zacks Investment Research raised shares of American Assets Trust from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Tuesday, November 20th. ValuEngine raised shares of American Assets Trust from a “hold” rating to a “buy” rating in a research note on Saturday, December 1st. Finally, Morgan Stanley boosted their price target on shares of American Assets Trust from $40.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, December 17th.

American Assets Trust stock traded up $0.09 during mid-day trading on Friday, hitting $43.99. The company’s stock had a trading volume of 133,764 shares, compared to its average volume of 176,901. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $2.08 billion, a PE ratio of 22.91, a P/E/G ratio of 3.81 and a beta of 0.35. American Assets Trust has a 12 month low of $30.62 and a 12 month high of $44.12.

In other news, CEO Ernest S. Rady acquired 33,967 shares of the firm’s stock in a transaction on Thursday, November 15th. The shares were purchased at an average price of $38.95 per share, for a total transaction of $1,323,014.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Duane Nelles acquired 25,000 shares of the firm’s stock in a transaction on Tuesday, December 4th. The stock was purchased at an average price of $41.74 per share, for a total transaction of $1,043,500.00. Following the transaction, the director now directly owns 1,330 shares of the company’s stock, valued at approximately $55,514.20. The disclosure for this purchase can be found here. Insiders acquired 123,652 shares of company stock worth $4,924,478 in the last 90 days. Corporate insiders own 37.90% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the business. Piedmont Investment Advisors Inc. lifted its stake in shares of American Assets Trust by 3.3% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 9,002 shares of the real estate investment trust’s stock worth $362,000 after buying an additional 287 shares in the last quarter. PNC Financial Services Group Inc. raised its position in American Assets Trust by 19.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,114 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 348 shares during the period. Eii Capital Management Inc. increased its stake in shares of American Assets Trust by 8.6% in the fourth quarter. Eii Capital Management Inc. now owns 4,851 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 385 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of American Assets Trust by 200.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 750 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 500 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of American Assets Trust by 2.5% in the fourth quarter. State of Alaska Department of Revenue now owns 25,181 shares of the real estate investment trust’s stock worth $1,009,000 after purchasing an additional 624 shares in the last quarter. Hedge funds and other institutional investors own 95.03% of the company’s stock.

American Assets Trust Company Profile

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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