Mizuho Reaffirms “Buy” Rating for American Assets Trust (AAT)

American Assets Trust (NYSE:AAT)‘s stock had its “buy” rating reissued by equities researchers at Mizuho in a report issued on Wednesday. They presently have a $43.00 price objective on the real estate investment trust’s stock. Mizuho’s target price would indicate a potential upside of 12.18% from the company’s previous close.

A number of other research firms have also weighed in on AAT. ValuEngine lowered American Assets Trust from a “hold” rating to a “sell” rating in a research report on Thursday, July 19th. Zacks Investment Research lowered American Assets Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. American Assets Trust has a consensus rating of “Hold” and an average price target of $41.00.

AAT opened at $38.33 on Wednesday. The company has a market capitalization of $1.79 billion, a PE ratio of 19.96, a PEG ratio of 3.39 and a beta of 0.19. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.10 and a quick ratio of 2.70. American Assets Trust has a 52 week low of $30.62 and a 52 week high of $39.99.

American Assets Trust (NYSE:AAT) last released its earnings results on Tuesday, October 30th. The real estate investment trust reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.28). The firm had revenue of $82.51 million during the quarter, compared to analysts’ expectations of $79.33 million. American Assets Trust had a net margin of 6.09% and a return on equity of 2.43%. As a group, research analysts expect that American Assets Trust will post 2.09 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of AAT. Point72 Hong Kong Ltd increased its holdings in shares of American Assets Trust by 277.1% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,719 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 1,998 shares in the last quarter. Picton Mahoney Asset Management bought a new stake in shares of American Assets Trust in the 2nd quarter worth $206,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of American Assets Trust in the 1st quarter worth $212,000. Amalgamated Bank bought a new stake in shares of American Assets Trust in the 2nd quarter worth $216,000. Finally, United Services Automobile Association bought a new stake in shares of American Assets Trust in the 2nd quarter worth $227,000. 94.44% of the stock is owned by institutional investors.

About American Assets Trust

American Assets Trust, Inc (the ?company?) is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier retail, office 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, Oregon, Washington, Texas and Hawaii.

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