Mizuho Downgrades American Assets Trust Inc to Neutral with Price Target $44

Brokerage firm Mizuho Downgrades its rating on American Assets Trust Inc(AAT). As per the latest information, Mizuho Raises the price target to $44 per share from a prior target of $43. The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the stock financial advisor at Mizuho was issued on Feb 22, 2017 in a research report to their Investors and Clients.

American Assets Trust Inc (AAT) shares turned negative on Wednesdays trading session with the shares closing down -0.46 points or -1.03% at a volume of 2,25,161. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $44.79. The peak price level was also seen at $44.79 while the days lowest was $43.68. Finally the shares closed at $44.11. The 52-week high of the shares is $46.38 while the 52-week low is $36.02. According to the latest information available, the market cap of the company is $2,048 M.

American Assets Trust Inc(AAT) last announced its earnings results on Nov 1, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $75.98M. Analysts had an estimated revenue of $73.70M. Earnings per share were $0.47. The reported EPS was above estimates by $0.01 or NaN%. Analysts had estimated an EPS of $0.48.

Several Insider Transactions has been reported to the SEC. On Dec 7, 2016, Ernest S Rady (CEO) purchased 1,506 shares at $39.98 per share price.Also, On Nov 7, 2016, Duane Nelles (director) purchased 24,000 shares at $39.46 per share price.On Mar 9, 2016, Jerry Gammieri (V. P. Construction and Devlp) sold 2,650 shares at $37.80 per share price, according to the Form-4 filing with the securities and exchange commission.

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 attractive high-barrier-to-entry markets in Southern California Northern California Oregon Washington Texas and Hawaii. The Company operates through four business segments: retail which includes the rental of retail space and other tenant services; office which includes the rental of office space and other tenant services; multifamily which includes the rental of apartments and other tenant services and mixed-use which includes the rental of retail space and other tenant services. The Company’s core markets include San Diego the San Francisco Bay Area Portland Oregon Bellevue Washington and Oahu Hawaii.

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