American Assets Trust (NYSE:AAT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage currently has a $43.00 target price on the real estate investment trust’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 12.95% from the company’s current price.

According to Zacks, “American Assets, Inc. is a real estate investment trust, or REIT, that owns, operates, acquires and develops retail and office properties primarily in Southern California, Northern California and Hawaii. The trusts assets include retail properties, office properties, Waikiki Beach Walk property and multifamily properties. American Assets, Inc. is based in San Diego, California. “

Other equities analysts also recently issued reports about the stock. ValuEngine downgraded shares of American Assets Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Morgan Stanley raised shares of American Assets Trust from an “equal” rating to a “weight” rating and set a $37.00 price target for the company in a research note on Tuesday, March 27th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $41.20.

Shares of American Assets Trust traded down $0.02, hitting $38.07, during midday trading on Wednesday, Marketbeat Ratings reports. 13,316 shares of the stock traded hands, compared to its average volume of 237,364. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 3.62 and a beta of 0.41. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.55. American Assets Trust has a one year low of $30.62 and a one year high of $41.69.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings data on Tuesday, May 1st. The real estate investment trust reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.16). The firm had revenue of $80.73 million for the quarter. American Assets Trust had a net margin of 6.60% and a return on equity of 2.52%. research analysts forecast that American Assets Trust will post 2.06 EPS for the current fiscal year.

In other American Assets Trust news, CEO Ernest S. Rady bought 1,718 shares of the firm’s stock in a transaction on Monday, June 11th. The stock was acquired at an average price of $37.26 per share, with a total value of $64,012.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ernest S. Rady bought 11,718 shares of the firm’s stock in a transaction on Wednesday, June 13th. The shares were acquired at an average cost of $37.12 per share, with a total value of $434,972.16. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 187,500 shares of company stock valued at $6,577,567. 37.90% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Meadow Creek Investment Management LLC increased its stake in shares of American Assets Trust by 24.8% during the fourth quarter. Meadow Creek Investment Management LLC now owns 8,738 shares of the real estate investment trust’s stock valued at $334,000 after purchasing an additional 1,734 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of American Assets Trust by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 634,828 shares of the real estate investment trust’s stock valued at $24,276,000 after purchasing an additional 1,761 shares in the last quarter. Citigroup Inc. increased its stake in shares of American Assets Trust by 5.7% during the first quarter. Citigroup Inc. now owns 33,370 shares of the real estate investment trust’s stock valued at $1,115,000 after purchasing an additional 1,813 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of American Assets Trust by 2.7% during the first quarter. Great West Life Assurance Co. Can now owns 77,404 shares of the real estate investment trust’s stock valued at $2,588,000 after purchasing an additional 2,002 shares in the last quarter. Finally, Xact Kapitalforvaltning AB increased its stake in shares of American Assets Trust by 36.6% during the first quarter. Xact Kapitalforvaltning AB now owns 9,702 shares of the real estate investment trust’s stock valued at $324,000 after purchasing an additional 2,600 shares in the last quarter. 94.23% of the stock is owned by institutional investors and hedge funds.

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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