American Assets Trust (NYSE:AAT) Stock Price Expected to Rise, Morgan Stanley Analyst Says

American Assets Trust (NYSE:AAT) had its price target raised by stock analysts at Morgan Stanley from $23.00 to $24.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Morgan Stanley’s price objective would suggest a potential downside of 10.95% from the company’s current price.

Separately, Mizuho increased their target price on shares of American Assets Trust from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th.

American Assets Trust Price Performance

Shares of AAT opened at $26.95 on Wednesday. The business has a 50-day moving average of $26.87 and a 200-day moving average of $24.17. The company has a debt-to-equity ratio of 1.48, a current ratio of 3.03 and a quick ratio of 3.03. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 29.62 and a beta of 1.30. American Assets Trust has a 1 year low of $17.57 and a 1 year high of $28.44.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.33). American Assets Trust had a net margin of 12.00% and a return on equity of 4.62%. The firm had revenue of $110.89 million for the quarter, compared to the consensus estimate of $107.66 million. During the same period last year, the company posted $0.59 EPS. As a group, equities research analysts anticipate that American Assets Trust will post 2.32 earnings per share for the current year.

Hedge Funds Weigh In On American Assets Trust

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of American Assets Trust by 10.9% in the 1st quarter. Vanguard Group Inc. now owns 8,155,531 shares of the real estate investment trust’s stock worth $178,688,000 after buying an additional 804,009 shares during the last quarter. LSV Asset Management boosted its stake in American Assets Trust by 1.3% in the second quarter. LSV Asset Management now owns 2,114,348 shares of the real estate investment trust’s stock valued at $47,319,000 after acquiring an additional 26,618 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of American Assets Trust by 9.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 779,127 shares of the real estate investment trust’s stock valued at $17,436,000 after acquiring an additional 69,985 shares during the period. Panagora Asset Management Inc. grew its position in shares of American Assets Trust by 11.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 255,040 shares of the real estate investment trust’s stock valued at $5,708,000 after acquiring an additional 26,211 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of American Assets Trust by 1,140.3% during the 1st quarter. SG Americas Securities LLC now owns 175,550 shares of the real estate investment trust’s stock worth $3,846,000 after purchasing an additional 161,396 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

American Assets Trust Company Profile

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii.