American Assets Trust (NYSE:AAT) Cut to Sell at Wall Street Zen

American Assets Trust (NYSE:AAT) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other equities research analysts have also issued reports on AAT. Mizuho set a $19.00 price target on American Assets Trust in a research report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of American Assets Trust in a research note on Wednesday, October 8th. Finally, Morgan Stanley reduced their target price on shares of American Assets Trust from $20.00 to $19.00 and set an “equal weight” rating on the stock in a report on Tuesday. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.00.

American Assets Trust Stock Performance

NYSE:AAT opened at $18.85 on Friday. American Assets Trust has a 52 week low of $16.69 and a 52 week high of $25.36. The company has a fifty day simple moving average of $19.03 and a two-hundred day simple moving average of $19.70. The company has a quick ratio of 3.34, a current ratio of 3.34 and a debt-to-equity ratio of 1.52. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 18.66 and a beta of 0.98.

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

Hedge Funds Weigh In On American Assets Trust

Several hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in American Assets Trust by 189.8% during the third quarter. JPMorgan Chase & Co. now owns 1,402,665 shares of the real estate investment trust’s stock worth $28,502,000 after purchasing an additional 918,635 shares in the last quarter. Geode Capital Management LLC grew its position in shares of American Assets Trust by 5.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,391,478 shares of the real estate investment trust’s stock valued at $27,484,000 after buying an additional 72,458 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in American Assets Trust by 4.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,253,217 shares of the real estate investment trust’s stock worth $24,751,000 after acquiring an additional 53,070 shares in the last quarter. Ameriprise Financial Inc. raised its stake in American Assets Trust by 4.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,234,013 shares of the real estate investment trust’s stock worth $22,696,000 after acquiring an additional 56,553 shares in the last quarter. Finally, Senvest Management LLC purchased a new stake in American Assets Trust in the second quarter valued at $14,184,000. 90.41% of the stock is currently owned by hedge funds and other 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.