TheStreet Upgrades American Assets Trust to Hold (AAT)
American Assets Trust (NYSE:AAT) was upgraded by equities researchers at TheStreet from a “sell” rating to a “hold” rating in a research report issued on Wednesday, American Banking News reports.
The analysts wrote, “American Assets (AAT) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company’s profit margins have been poor overall.”
A number of other analysts have also recently weighed in on AAT. Analysts at Zacks downgraded shares of American Assets Trust from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 11th. They now have a $36.50 price target on the stock. Analysts at MLV Capital initiated coverage on shares of American Assets Trust in a research note to investors on Tuesday, November 19th. They set a “hold” rating and a $37.00 price target on the stock.
American Assets Trust, Inc is a full-service vertically integrated and self-administered real estate investment trust (NYSE:AAT).
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