Today: Today, American Assets Trust Inc. (AAT) Upgraded to Buy at Mizuho

Today, American Assets Trust Inc. (AAT) Upgraded to Buy at Mizuho

American Assets Trust Inc. (NYSE:AAT) was upgraded by investment analysts at Mizuho from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday. The firm currently has a $43.00 price objective on the real estate investment trust’s stock. Mizuho’s target price indicates a potential upside of 6.04% from the stock’s previous close.

A number of other equities analysts have also recently commented on the company. Zacks Investment Research cut American Assets Trust from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. RBC Capital Markets reaffirmed an “outperform” rating and issued a $53.00 price target (up from $49.00) on shares of American Assets Trust in a research note on Monday, August 1st. Finally, Royal Bank Of Canada lifted their price target on American Assets Trust from $49.00 to $53.00 and gave the stock an “outperform” rating in a research note on Monday, August 1st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. American Assets Trust presently has an average rating of “Buy” and an average price target of $48.80.

Shares of American Assets Trust (NYSE:AAT) opened at 40.55 on Monday. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 57.85 and a beta of 0.57. The company has a 50-day moving average price of $39.97 and a 200-day moving average price of $42.20. American Assets Trust has a 52-week low of $34.07 and a 52-week high of $46.38.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Thursday, December 8th will be paid a dividend of $0.26 per share. The ex-dividend date is Tuesday, December 6th. This is a boost from American Assets Trust’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 2.56%. American Assets Trust’s payout ratio is 140.85%.

In other American Assets Trust news, CEO Ernest S. Rady bought 65,000 shares of American Assets Trust stock in a transaction dated Monday, September 12th. The shares were purchased at an average cost of $43.06 per share, with a total value of $2,798,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Duane Nelles bought 24,000 shares of American Assets Trust stock in a transaction dated Monday, November 7th. The shares were acquired at an average cost of $39.46 per share, for a total transaction of $947,040.00. Following the completion of the purchase, the director now directly owns 1,225 shares of the company’s stock, valued at approximately $48,338.50. The disclosure for this purchase can be found here. Insiders own 34.09% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Aperio Group LLC boosted its stake in shares of American Assets Trust by 57.6% in the first quarter. Aperio Group LLC now owns 11,428 shares of the real estate investment trust’s stock valued at $456,000 after buying an additional 4,175 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of American Assets Trust by 4.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,222,160 shares of the real estate investment trust’s stock valued at $48,789,000 after buying an additional 49,698 shares during the last quarter. BB&T Securities LLC purchased a new stake in shares of American Assets Trust during the first quarter valued at $227,000. State Street Corp boosted its stake in shares of American Assets Trust by 4.1% in the first quarter. State Street Corp now owns 813,656 shares of the real estate investment trust’s stock valued at $32,481,000 after buying an additional 32,224 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of American Assets Trust by 3.1% in the first quarter. UBS Asset Management Americas Inc. now owns 132,670 shares of the real estate investment trust’s stock valued at $5,297,000 after buying an additional 3,992 shares during the last quarter. 97.19% of the stock is currently owned by hedge funds and other institutional investors.

About American Assets Trust

Related posts

Leave a Comment