American Assets Trust (NYSE:AAT) Given New $19.00 Price Target at Morgan Stanley

American Assets Trust (NYSE:AAT) had its price target reduced by investment analysts at Morgan Stanley from $20.00 to $19.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Morgan Stanley’s target price would indicate a potential upside of 3.66% from the stock’s current price.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of American Assets Trust in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $20.00.

American Assets Trust Stock Down 1.0%

Shares of NYSE AAT traded down $0.19 during mid-day trading on Tuesday, reaching $18.33. 49,848 shares of the company’s stock were exchanged, compared to its average volume of 221,595. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 18.19 and a beta of 0.98. The company has a current ratio of 3.34, a quick ratio of 3.34 and a debt-to-equity ratio of 1.52. American Assets Trust has a twelve month low of $16.69 and a twelve month high of $25.83. The business has a fifty day simple moving average of $19.08 and a 200 day simple moving average of $19.73.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. American Assets Trust had a net margin of 13.98% and a return on equity of 5.43%. The firm had revenue of $109.58 million for the quarter, compared to analysts’ expectations of $105.71 million. American Assets Trust has set its FY 2025 guidance at 1.930-2.010 EPS. As a group, equities analysts expect that American Assets Trust will post 1.94 EPS for the current fiscal year.

Hedge Funds Weigh In On American Assets Trust

Several large investors have recently bought and sold shares of the stock. Evergreen Capital Management LLC grew its holdings in American Assets Trust by 5.3% during the 3rd quarter. Evergreen Capital Management LLC now owns 10,907 shares of the real estate investment trust’s stock valued at $222,000 after buying an additional 550 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of American Assets Trust by 34.3% during the third quarter. EverSource Wealth Advisors LLC now owns 2,289 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 585 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of American Assets Trust by 56.2% in the third 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. Smartleaf Asset Management LLC lifted its position in American Assets Trust by 95.2% during 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 purchasing an additional 696 shares during the last quarter. Finally, Summit Global Investments lifted its holdings in shares of American Assets Trust by 2.9% during the 2nd quarter. Summit Global Investments now owns 25,511 shares of the real estate investment trust’s stock worth $504,000 after acquiring an additional 716 shares during the last quarter. 90.41% of the stock is currently owned by institutional investors.

American Assets Trust Company Profile

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.