American Assets Trust, Inc. (NYSE:AAT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm presently has a $45.00 target price on the real estate investment trust’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 11.63% from the stock’s current price.

According to Zacks, “American Assets, Inc. is a real estate investment trust, or REIT, that owns, operates, acquires and develops retail and office properties primarily in Southern California, Northern California and Hawaii. The trusts assets include retail properties, office properties, Waikiki Beach Walk property and multifamily properties. American Assets, Inc. is based in San Diego, California. “

Several other analysts have also issued reports on the stock. BidaskClub upgraded shares of American Assets Trust from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. TheStreet lowered shares of American Assets Trust from a “b-” rating to a “c+” rating in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. American Assets Trust has a consensus rating of “Hold” and a consensus price target of $46.33.

Shares of American Assets Trust (NYSE AAT) traded up 0.92% on Thursday, hitting $40.68. 143,091 shares of the stock were exchanged. The stock’s 50-day moving average is $40.04 and its 200-day moving average is $41.17. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 61.82 and a beta of 0.52. American Assets Trust has a 1-year low of $37.54 and a 1-year high of $45.50.

American Assets Trust (NYSE:AAT) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.01. American Assets Trust had a return on equity of 3.94% and a net margin of 10.93%. The firm had revenue of $77.11 million during the quarter. Analysts forecast that American Assets Trust will post $0.63 earnings per share for the current year.

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In other American Assets Trust news, CEO Ernest S. Rady acquired 46,508 shares of the company’s stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $40.00 per share, with a total value of $1,860,320.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ernest S. Rady acquired 71,110 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were acquired at an average cost of $39.73 per share, for a total transaction of $2,825,200.30. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 512,938 shares of company stock worth $20,640,089. Insiders own 34.15% of the company’s stock.

Several large investors have recently made changes to their positions in AAT. Russell Investments Group Ltd. increased its stake in shares of American Assets Trust by 30.9% in the first quarter. Russell Investments Group Ltd. now owns 28,491 shares of the real estate investment trust’s stock worth $1,192,000 after buying an additional 6,728 shares during the last quarter. BlackRock Inc. increased its stake in shares of American Assets Trust by 9,426.3% in the first quarter. BlackRock Inc. now owns 5,711,691 shares of the real estate investment trust’s stock worth $238,976,000 after buying an additional 5,651,734 shares during the last quarter. Bowling Portfolio Management LLC increased its stake in shares of American Assets Trust by 12.0% in the first quarter. Bowling Portfolio Management LLC now owns 9,810 shares of the real estate investment trust’s stock worth $410,000 after buying an additional 1,053 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of American Assets Trust by 55.6% in the first quarter. Goldman Sachs Group Inc. now owns 126,391 shares of the real estate investment trust’s stock worth $5,288,000 after buying an additional 45,151 shares during the last quarter. Finally, Mason Street Advisors LLC increased its stake in shares of American Assets Trust by 8.9% in the first quarter. Mason Street Advisors LLC now owns 9,554 shares of the real estate investment trust’s stock worth $400,000 after buying an additional 777 shares during the last quarter. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

About American Assets Trust

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 Southern California, Northern California, Oregon, Washington, Texas and Hawaii markets.

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