American Assets Trust Inc (AAT) is Resumed by BofA/Merrill to Buy

American Assets Trust Inc (AAT) was Resumed by BofA/Merrill to “Buy”. BofA/Merrill advised their investors in a research report released on Jul 7, 2016.

Many Wall Street Analysts have commented on American Assets Trust Inc. 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 .Mizuho Initiated American Assets Trust Inc on Apr 14, 2016 to “Buy”, Price Target of the shares are set at $46.

American Assets Trust Inc opened for trading at $42.54 and hit $43.45 on the upside on Tuesday, eventually ending the session at $43.28, with a gain of 1.76% or 0.75 points. The heightened volatility saw the trading volume jump to 2,09,164 shares. Company has a market cap of $1,965 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

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