TheStreet cut shares of American Assets Trust, Inc. (NYSE:AAT) from a b- rating to a c+ rating in a research report released on Wednesday.

Several other research firms have also recently commented on AAT. Zacks Investment Research upgraded American Assets Trust from a sell rating to a hold rating in a research report on Wednesday, April 5th. BidaskClub cut American Assets Trust from a sell rating to a strong sell rating in a research report on Thursday, June 22nd. Finally, Canaccord Genuity raised their target price on American Assets Trust from $48.00 to $50.00 and gave the company a buy rating in a research report on Wednesday, April 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and an average target price of $47.75.

American Assets Trust (NYSE:AAT) opened at 40.20 on Wednesday. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 56.70 and a beta of 0.52. American Assets Trust has a one year low of $37.54 and a one year high of $46.20. The company’s 50-day moving average price is $39.89 and its 200-day moving average price is $41.54.

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In other news, CEO Ernest S. Rady purchased 39,056 shares of the stock in a transaction dated Monday, May 15th. The shares were bought at an average cost of $39.40 per share, for a total transaction of $1,538,806.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ernest S. Rady purchased 46,140 shares of the stock in a transaction dated Friday, May 19th. The shares were purchased at an average price of $39.21 per share, for a total transaction of $1,809,149.40. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 537,169 shares of company stock worth $21,234,402. 34.15% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of AAT. Vanguard Group Inc. boosted its position in shares of American Assets Trust by 3.6% in the first quarter. Vanguard Group Inc. now owns 6,031,452 shares of the real estate investment trust’s stock valued at $252,356,000 after buying an additional 208,727 shares during the period. BlackRock Inc. boosted its position in shares of American Assets Trust by 9,426.3% in the first quarter. BlackRock Inc. now owns 5,711,691 shares of the real estate investment trust’s stock valued at $238,976,000 after buying an additional 5,651,734 shares during the period. American Assets Inc. boosted its position in shares of American Assets Trust by 2.8% in the first quarter. American Assets Inc. now owns 5,435,836 shares of the real estate investment trust’s stock valued at $227,435,000 after buying an additional 150,000 shares during the period. FMR LLC boosted its position in shares of American Assets Trust by 7.8% in the first quarter. FMR LLC now owns 4,770,789 shares of the real estate investment trust’s stock valued at $199,611,000 after buying an additional 344,803 shares during the period. Finally, AEW Capital Management L P boosted its position in shares of American Assets Trust by 2.6% in the first quarter. AEW Capital Management L P now owns 2,208,097 shares of the real estate investment trust’s stock valued at $92,387,000 after buying an additional 55,200 shares during the period. Institutional investors own 98.78% 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). The Company owns, operates, acquires and develops retail, office, multifamily and mixed-use properties in Southern California, Northern California, Oregon, Washington, Texas and Hawaii markets.

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