Morgan Stanley Issues Positive Forecast for American Assets Trust (NYSE:AAT) Stock Price

American Assets Trust (NYSE:AAT) had its price target upped by equities research analysts at Morgan Stanley from $17.00 to $18.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the real estate investment trust’s stock. Morgan Stanley’s price target indicates a potential downside of 2.89% from the stock’s current price.

A number of other analysts have also issued reports on the stock. Wall Street Zen raised shares of American Assets Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Mizuho set a $19.00 price target on American Assets Trust in a research report on Friday, January 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of American Assets Trust in a report on Wednesday, January 21st. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $18.50.

American Assets Trust Price Performance

NYSE AAT traded up $0.18 on Thursday, reaching $18.54. 118,919 shares of the stock traded hands, compared to its average volume of 460,629. American Assets Trust has a 12 month low of $16.69 and a 12 month high of $21.40. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 1.56. The firm’s fifty day simple moving average is $18.75 and its 200 day simple moving average is $19.22. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 20.37 and a beta of 0.95.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings results on Tuesday, February 3rd. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.43). The business had revenue of $110.09 million during the quarter, compared to analyst estimates of $108.70 million. American Assets Trust had a net margin of 12.76% and a return on equity of 4.96%. American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. As a group, research analysts predict that American Assets Trust will post 1.94 EPS for the current fiscal year.

Hedge Funds Weigh In On American Assets Trust

A number of institutional investors and hedge funds have recently bought and sold shares of AAT. Smartleaf Asset Management LLC raised its holdings in shares of American Assets Trust by 95.2% in the third quarter. Smartleaf Asset Management LLC now owns 1,427 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 696 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in American Assets Trust by 262.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,704 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 1,234 shares during the period. Hantz Financial Services Inc. boosted its position in shares of American Assets Trust by 56.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,795 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 646 shares during the last quarter. Federation des caisses Desjardins du Quebec boosted its holdings in American Assets Trust by 27.4% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,154 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 893 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in American Assets Trust by 32.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,774 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 1,165 shares during the period. Institutional investors and hedge funds own 90.41% of the company’s stock.

About American Assets Trust

American Assets Trust, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops and manages a diversified portfolio of commercial properties across multiple asset classes. The company’s holdings include retail centers, office buildings, multifamily communities and select hotel and resort properties. American Assets Trust pursues an integrated strategy combining proactive redevelopment, leasing initiatives and sustainable design to enhance asset value and drive long-term growth.

Founded in 1998 and headquartered in San Diego, California, American Assets Trust has built a presence in key markets along the West Coast and select western U.S.