American Assets Trust Inc (AAT) is Downgraded by Mizuho to Neutral, Price Target at $46

American Assets Trust Inc (AAT) was Downgraded by Mizuho to ” Neutral” and the brokerage firm has set the Price Target at $46. Earlier the firm had a rating of “Buy ” on the company shares. Mizuho advised their investors in a research report released on Jul 18, 2016.

Many Wall Street Analysts have commented on American Assets Trust Inc. American Assets Trust Inc was Resumed by BofA/Merrill to “Buy” on Jul 7, 2016. Company shares were Reiterated by RBC Capital Mkts on May 2, 2016 to “Outperform”, Firm has raised the Price Target to $ 49 from a previous price target of $48 .

American Assets Trust Inc opened for trading at $44.73 and hit $44.845 on the upside on Friday, eventually ending the session at $44.72, with a gain of 0.34% or 0.15 points. The heightened volatility saw the trading volume jump to 3,09,561 shares. Company has a market cap of $2,031 M.

In a different news, on May 26, 2016, Duane Nelles (director) purchased 7,000 shares at $39.76 per share price. According to the SEC, on Mar 9, 2016, Jerry Gammieri (V. P. Construction and Devlp) sold 2,650 shares at $37.80 per share price. On Mar 7, 2016, Ernest S Rady (CEO) purchased 5,500 shares at $37.67 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.

American Assets Trust Inc

Leave a Reply

American Assets Trust Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on American Assets Trust Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.