American Assets Trust (NYSE:AAT) Downgraded by Wall Street Zen to Hold

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

Separately, Morgan Stanley reduced their target price on American Assets Trust from $24.00 to $20.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th.

American Assets Trust Price Performance

Shares of NYSE AAT opened at $21.12 on Friday. The business’s 50 day moving average price is $19.92 and its 200 day moving average price is $21.14. The firm has a market cap of $1.29 billion, a P/E ratio of 16.63 and a beta of 1.15. American Assets Trust has a 52 week low of $16.69 and a 52 week high of $29.15. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 1.47.

American Assets Trust (NYSE:AAT) last released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.52 EPS for the quarter, topping the consensus estimate of $0.45 by $0.07. American Assets Trust had a return on equity of 7.02% and a net margin of 17.57%. The business had revenue of $108.61 million for the quarter, compared to analyst estimates of $112.05 million. On average, sell-side analysts expect that American Assets Trust will post 1.94 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Natixis Advisors LLC grew its stake in shares of American Assets Trust by 4.7% in the 1st quarter. Natixis Advisors LLC now owns 13,796 shares of the real estate investment trust’s stock valued at $278,000 after purchasing an additional 618 shares during the last quarter. Coppell Advisory Solutions LLC grew its holdings in American Assets Trust by 8.6% during the first quarter. Coppell Advisory Solutions LLC now owns 10,138 shares of the real estate investment trust’s stock worth $204,000 after acquiring an additional 805 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in American Assets Trust by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,250 shares of the real estate investment trust’s stock worth $716,000 after acquiring an additional 971 shares during the period. Federated Hermes Inc. raised its position in American Assets Trust by 62.7% in the fourth quarter. Federated Hermes Inc. now owns 2,827 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 1,089 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in American Assets Trust by 8.1% in the fourth quarter. Sterling Capital Management LLC now owns 18,225 shares of the real estate investment trust’s stock valued at $479,000 after acquiring an additional 1,368 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 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.