American Assets Trust (NYSE:AAT) Price Target Raised to $28.00 at Mizuho

American Assets Trust (NYSE:AAT) had its price target raised by equities research analysts at Mizuho from $26.00 to $28.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price objective would indicate a potential upside of 1.01% from the stock’s previous close.

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

American Assets Trust Stock Down 0.3 %

AAT stock opened at $27.72 on Tuesday. American Assets Trust has a one year low of $20.03 and a one year high of $29.15. The company has a debt-to-equity ratio of 1.86, a quick ratio of 8.53 and a current ratio of 8.53. The company has a fifty day moving average of $27.56 and a 200-day moving average of $25.46. The stock has a market capitalization of $1.69 billion, a PE ratio of 30.46 and a beta of 1.30.

Insider Buying and Selling

In other American Assets Trust news, COO Adam Wyll sold 30,238 shares of American Assets Trust stock in a transaction dated 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 in the company, valued at approximately $1,286,690.90. The trade was a 39.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 37.32% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its holdings in American Assets Trust by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,474,684 shares of the real estate investment trust’s stock valued at $39,404,000 after buying an additional 35,688 shares during the last quarter. Blue Trust Inc. lifted its position in shares of American Assets Trust by 516.3% in the third quarter. Blue Trust Inc. now owns 5,775 shares of the real estate investment trust’s stock valued at $154,000 after acquiring an additional 4,838 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of American Assets Trust by 9.9% during the second quarter. Dimensional Fund Advisors LP now owns 779,127 shares of the real estate investment trust’s stock valued at $17,436,000 after acquiring an additional 69,985 shares during the last quarter. LSV Asset Management increased its position in American Assets Trust by 1.3% during the 2nd quarter. LSV Asset Management now owns 2,114,348 shares of the real estate investment trust’s stock worth $47,319,000 after purchasing an additional 26,618 shares in the last quarter. Finally, Ritholtz Wealth Management increased its position in American Assets Trust by 277.1% during the 3rd quarter. Ritholtz Wealth Management now owns 80,027 shares of the real estate investment trust’s stock worth $2,138,000 after purchasing an additional 58,803 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

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.