American Assets Trust, Inc (NYSE:AAT) has been downgraded to Hold in a statement by Zacks Investment Research today.
- Updated: October 3, 2016
Zacks Investment Research has downgraded American Assets Trust, Inc (NYSE:AAT) to Hold in a statement released on 10/03/2016.
Previously on Tuesday September 13, 2016, Zacks Investment Research released a statement for American Assets Trust, Inc (NYSE:AAT) raised the target price from $0.00 to $47.00. At the time, this suggested an upside of 0.12%.
Only yesterday American Assets Trust, Inc (NYSE:AAT) traded -2.07% lower at $42.48. American Assets Trust, Inc’s 50-day moving average is $43.97 and its 200-day moving average is $41.91. The last stock close price is up 1.35% from the 200-day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Trading volume was up over the average, with 263,373 shares of AAT changing hands over the typical 171,517
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With a market capitalization of $0, American Assets Trust, Inc has one year low of $34.07 and a 52 week high of $46.38 with a price-earnings ratio of 52.06 .
A total of 3 firms have reported on the company. Two equity analysts rating the company a strong buy, two analysts rating the company a buy, 2 brokers rating the stock a hold, zero brokerages rating the company a underperform, and finally 0 equity analysts rating the company a sell with a one year target of $47.33.
Brief Synopsis About American Assets Trust, Inc (NYSE:AAT)
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 high-barrier-to-entry markets in Southern California, Northern California, Oregon, Washington, Texas and Hawaii. The Company operates through four segments: retail, office, multifamily and mixed-use. The Company's portfolio consists of approximately 10 retail shopping centers; over seven office properties; a mixed-use property consisting of approximately 370-room all-suite hotel and a retail shopping center, and approximately five multifamily properties. The Company owns land at over five of its properties that it classifies as held for development and construction in progress. The Company's markets include San Diego; the San Francisco Bay Area; Portland, Oregon; Bellevue, Washington, and Oahu, Hawaii.
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