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) yesterday. The company’s shares closed yesterday at $46.49, close to its 52-week high of $48.11.

According to TipRanks.com, Donnelly is a 4-star analyst with an average return of 13.3% and a 71.6% success rate. Donnelly covers the Financial sector, focusing on stocks such as Hersha Hospitality Trust, Camden Property Trust, and Essex Property Trust.

Currently, the analyst consensus on American Assets Trust is a Strong Buy with an average price target of $49.60, representing a 6.7% upside. In a report issued on June 19, Morgan Stanley also maintained a Buy rating on the stock with a $51 price target.

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The company has a one-year high of $48.11 and a one-year low of $35.37. Currently, American Assets Trust has an average volume of 417.1K.

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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 business segments: Retail, Office, Multifamily and Mixed-Use. The Retail segment includes rental of retail space.

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