Wells Fargo Believes American Assets Trust (AAT) Won’t Stop Here


Wells Fargo analyst Jeffrey Donnelly maintained a Buy rating on American Assets Trust (AAT) today. The company’s shares opened today at $44.92, close to its 52-week high of $45.44.

According to TipRanks.com, Donnelly is a 4-star analyst with an average return of 6.0% and a 68.3% success rate. Donnelly covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Hersha Hospitality Trust, and Host Hotels & Resorts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for American Assets Trust with a $46 average price target, implying a 2.4% upside from current levels. In a report issued on March 4, Mizuho Securities also reiterated a Buy rating on the stock with a $48 price target.

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Based on American Assets Trust’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $6.67 million. In comparison, last year the company had a net profit of $7.08 million.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AAT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

American Assets Trust, Inc. is a real estate investment trust. It owns, operates, acquires, and develops retail shopping centers; office properties; mixed-use properties; and multifamily properties. The company operates through the following segments: Retail, Office, Multifamily, and Mixed-Use. The Retail segment includes rental of retail space.

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