Mizuho Securities Initiates Coverage on American Assets Trust Inc to Buy

Mizuho Securities Initiates Coverage on American Assets Trust Inc(NYSE:AAT). The shares have been rated Buy. The rating by Mizuho Securities was issued on Apr 13, 2016.

American Assets Trust Inc (AAT) made into the market gainers list on Fridays trading session with the shares advancing 0.44% or 0.17 points. Due to strong positive momentum, the stock ended at $38.55, which is also near the day’s high of $38.8. The stock began the session at $38.35 and the volume stood at 1,65,988 shares. The 52-week high of the shares is $43.79 and the 52 week low is $34.07. The company has a current market capitalization of $1,750 M and it has 4,54,07,402 shares in outstanding.

American Assets Trust Inc(AAT) last announced its earnings results on Feb 16, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $71.53M. Analysts had an estimated revenue of $69.09M. Earnings per share were $0.45. Analysts had estimated an EPS of $0.44.

Several Insider Transactions has been reported to the SEC. On Mar 9, 2016, Jerry Gammieri (V. P. Construction and Devlp) sold 2,650 shares at $37.80 per share price.Also, On Mar 7, 2016, Ernest S Rady (CEO) purchased 5,500 shares at $37.67 per share price.On Jun 3, 2015, Duane Nelles (director) purchased 11,000 shares at $39.55 per share price, according to the Form-4 filing with the securities and exchange commission.

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 attractive high-barrier-to-entry markets in Southern California Northern California Oregon Washington Texas and Hawaii. The Company operates through four business segments: retail which includes the rental of retail space and other tenant services; office which includes the rental of office space and other tenant services; multifamily which includes the rental of apartments and other tenant services and mixed-use which includes the rental of retail space and other tenant services. The Company’s core markets include San Diego the San Francisco Bay Area Portland Oregon Bellevue Washington and Oahu Hawaii.

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