Morgan Stanley Cuts American Assets Trust (NYSE:AAT) Price Target to $20.00

American Assets Trust (NYSE:AAT) had its target price lowered by equities researchers at Morgan Stanley from $24.00 to $20.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Morgan Stanley’s price target indicates a potential upside of 6.84% from the company’s current price.

Separately, Mizuho decreased their price target on American Assets Trust from $28.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th.

American Assets Trust Stock Up 0.4 %

Shares of NYSE:AAT opened at $18.72 on Thursday. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 21.03 and a beta of 1.12. American Assets Trust has a 12-month low of $16.69 and a 12-month high of $29.15. The business has a 50-day moving average price of $20.06 and a 200 day moving average price of $24.06. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 1.80.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.41. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. Sell-side analysts expect that American Assets Trust will post 1.94 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. boosted its position in American Assets Trust by 0.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,793,745 shares of the real estate investment trust’s stock valued at $47,104,000 after buying an additional 6,039 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in American Assets Trust by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,483,021 shares of the real estate investment trust’s stock valued at $38,944,000 after purchasing an additional 8,337 shares during the period. Geode Capital Management LLC grew its stake in American Assets Trust by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,267,222 shares of the real estate investment trust’s stock worth $33,866,000 after purchasing an additional 15,491 shares in the last quarter. Northern Trust Corp increased its holdings in American Assets Trust by 16.0% during the 4th quarter. Northern Trust Corp now owns 856,868 shares of the real estate investment trust’s stock worth $22,501,000 after purchasing an additional 118,315 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in American Assets Trust by 8.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 728,386 shares of the real estate investment trust’s stock valued at $19,127,000 after purchasing an additional 55,762 shares in the last quarter. Institutional investors and hedge funds 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.