American Assets Trust (NYSE:AAT) Price Target Lowered to $22.00 at Mizuho

American Assets Trust (NYSE:AAT) had its price objective dropped by research analysts at Mizuho from $28.00 to $22.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price target would suggest a potential downside of 0.45% from the company’s current price.

Separately, Morgan Stanley raised their target price on American Assets Trust from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th.

American Assets Trust Stock Up 0.4 %

American Assets Trust stock traded up $0.08 during midday trading on Tuesday, reaching $22.10. The company’s stock had a trading volume of 77,249 shares, compared to its average volume of 302,337. American Assets Trust has a 52-week low of $20.03 and a 52-week high of $29.15. The stock has a market capitalization of $1.35 billion, a P/E ratio of 24.83 and a beta of 1.30. The company has a debt-to-equity ratio of 1.80, a current ratio of 8.17 and a quick ratio of 8.17. The stock’s 50-day simple moving average is $24.33 and its 200-day simple moving average is $26.09.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.55 EPS for the quarter, beating the consensus estimate of $0.14 by $0.41. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. On average, sell-side analysts expect that American Assets Trust will post 1.94 EPS for the current year.

Insider Buying and Selling at American Assets Trust

In related news, COO Adam Wyll sold 30,238 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $28.22, for a total transaction of $853,316.36. Following the completion of the transaction, the chief operating officer now owns 45,595 shares of the company’s stock, valued at $1,286,690.90. This trade represents a 39.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 37.32% of the company’s stock.

Hedge Funds Weigh In On American Assets Trust

A number of institutional investors have recently modified their holdings of AAT. Integrated Wealth Concepts LLC grew its holdings in American Assets Trust by 2.3% during the third quarter. Integrated Wealth Concepts LLC now owns 17,076 shares of the real estate investment trust’s stock worth $456,000 after acquiring an additional 388 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of American Assets Trust by 3.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 15,504 shares of the real estate investment trust’s stock worth $414,000 after purchasing an additional 446 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of American Assets Trust by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,891 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 488 shares in the last quarter. Intech Investment Management LLC increased its holdings in shares of American Assets Trust by 5.1% during the 3rd quarter. Intech Investment Management LLC now owns 11,893 shares of the real estate investment trust’s stock valued at $318,000 after purchasing an additional 582 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of American Assets Trust by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,250 shares of the real estate investment trust’s stock valued at $716,000 after purchasing an additional 971 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

American Assets Trust Company Profile

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.