Morgan Stanley Has Lowered Expectations for American Assets Trust (NYSE:AAT) Stock Price

American Assets Trust (NYSE:AAT) had its price objective lowered by stock analysts at Morgan Stanley from $20.00 to $19.00 in a note issued to investors 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 suggest a potential upside of 2.90% from the stock’s current price.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of American Assets Trust in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, American Assets Trust presently has a consensus rating of “Hold” and a consensus price target of $20.00.

American Assets Trust Price Performance

American Assets Trust stock opened at $18.47 on Tuesday. American Assets Trust has a 12 month low of $16.69 and a 12 month high of $25.36. The company has a debt-to-equity ratio of 1.52, a current ratio of 3.34 and a quick ratio of 3.34. The business has a 50 day simple moving average of $19.04 and a 200-day simple moving average of $19.71. The stock has a market capitalization of $1.13 billion, a PE ratio of 18.28 and a beta of 0.98.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.49. The firm had revenue of $109.58 million for the quarter, compared to analyst estimates of $105.71 million. American Assets Trust had a net margin of 13.98% and a return on equity of 5.43%. American Assets Trust has set its FY 2025 guidance at 1.930-2.010 EPS. Equities analysts predict that American Assets Trust will post 1.94 earnings per share for the current year.

Institutional Investors Weigh In On American Assets Trust

Several institutional investors have recently modified their holdings of AAT. B&I Capital AG acquired a new stake in shares of American Assets Trust during the second quarter valued at $5,838,000. Public Employees Retirement System of Ohio lifted its holdings in American Assets Trust by 1.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 68,296 shares of the real estate investment trust’s stock valued at $1,349,000 after purchasing an additional 893 shares in the last quarter. Kennedy Capital Management LLC boosted its stake in shares of American Assets Trust by 54.3% during the 2nd quarter. Kennedy Capital Management LLC now owns 491,979 shares of the real estate investment trust’s stock worth $9,717,000 after purchasing an additional 173,083 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of American Assets Trust by 5.1% during the second quarter. Bank of New York Mellon Corp now owns 487,412 shares of the real estate investment trust’s stock worth $9,626,000 after buying an additional 23,656 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of American Assets Trust in the second quarter valued at approximately $295,000. Hedge funds and other institutional investors own 90.41% of the company’s stock.

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.