Mizuho Forecasts Strong Price Appreciation for American Assets Trust (NYSE:AAT) Stock

American Assets Trust (NYSE:AAT - Get Free Report) had its price objective boosted by Mizuho from $26.00 to $28.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the real estate investment trust's stock. Mizuho's price objective would indicate a potential upside of 0.54% from the stock's current price.

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

American Assets Trust Price Performance

Shares of NYSE:AAT traded down $0.15 during trading on Tuesday, reaching $27.85. The company had a trading volume of 381,566 shares, compared to its average volume of 273,964. American Assets Trust has a 12 month low of $20.03 and a 12 month high of $29.15. The company has a current ratio of 8.53, a quick ratio of 8.53 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $1.70 billion, a P/E ratio of 30.77 and a beta of 1.30. The company has a fifty day moving average of $27.50 and a two-hundred day moving average of $25.40.

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 that occurred on Tuesday, December 3rd. The stock was sold at an average price of $28.22, for a total value of $853,316.36. Following the transaction, the chief operating officer now directly owns 45,595 shares of the company's stock, valued at $1,286,690.90. The trade was a 39.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 37.32% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AAT. Price T Rowe Associates Inc. MD boosted its position in American Assets Trust by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,099 shares of the real estate investment trust's stock valued at $638,000 after buying an additional 1,735 shares during the period. Summit Global Investments increased its holdings in American Assets Trust by 2.6% during the 2nd quarter. Summit Global Investments now owns 39,225 shares of the real estate investment trust's stock valued at $878,000 after purchasing an additional 1,008 shares during the period. Panagora Asset Management Inc. raised its position in American Assets Trust by 11.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 255,040 shares of the real estate investment trust's stock valued at $5,708,000 after purchasing an additional 26,211 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in American Assets Trust in the 2nd quarter worth approximately $802,000. Finally, Signaturefd LLC lifted its holdings in American Assets Trust by 130.3% in the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust's stock worth $42,000 after buying an additional 1,059 shares during the period. Institutional investors own 90.43% of the company's stock.

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.