UPDATE: MLV & Co Reiterates On American Assets Trust On Rolling Forward NOI Forecasts

In a report published Monday, MLV & Co analyst Paul Morgan reiterated a Buy rating on American Assets Trust (NYSE: AAT), and raised the price target from $41.00 to $42.00.

In the report, MLV & Co noted, “We are raising our price target to $42 from $41, based on rolling forward our NOI forecasts by one quarter, and incorporating higher estimates that are reflected in our new 2014 and 2015 FFO per share estimates of $1.59 (unchanged) and $1.72 (up 2c). We are also introducing our 2016 FFO per share estimate of $1.85.”

American Assets Trust closed on Friday at $39.10.