American Assets Trust (NYSE:AAT) Given New $22.00 Price Target at Mizuho

American Assets Trust (NYSE:AAT) had its price target decreased by Mizuho from $28.00 to $22.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price objective indicates a potential upside of 0.48% from the company’s current price.

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

American Assets Trust Trading Up 0.0 %

Shares of AAT opened at $21.90 on Tuesday. The firm’s 50-day moving average price is $24.14 and its 200-day moving average price is $26.04. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 24.60 and a beta of 1.30. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 1.80. American Assets Trust has a 1-year low of $20.03 and a 1-year high of $29.15.

American Assets Trust (NYSE:AAT) last announced its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.41. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. Sell-side analysts anticipate that American Assets Trust will post 1.94 EPS for the current year.

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 dated Tuesday, December 3rd. The shares were sold at an average price of $28.22, for a total value of $853,316.36. Following the completion of the transaction, the chief operating officer now directly owns 45,595 shares of the company’s stock, valued at approximately $1,286,690.90. The trade was a 39.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 37.32% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. raised its holdings in American Assets Trust by 0.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,793,745 shares of the real estate investment trust’s stock worth $47,104,000 after buying an additional 6,039 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of American Assets Trust by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,483,021 shares of the real estate investment trust’s stock valued at $38,944,000 after purchasing an additional 8,337 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of American Assets Trust by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,267,222 shares of the real estate investment trust’s stock valued at $33,866,000 after purchasing an additional 15,491 shares during the last quarter. Northern Trust Corp raised its holdings in shares of American Assets Trust by 16.0% during the fourth quarter. Northern Trust Corp now owns 856,868 shares of the real estate investment trust’s stock valued at $22,501,000 after purchasing an additional 118,315 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of American Assets Trust by 8.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 728,386 shares of the real estate investment trust’s stock valued at $19,127,000 after purchasing an additional 55,762 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

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.