American Assets Trust (NYSE:AAT) Upgraded by Wall Street Zen to “Buy” Rating

American Assets Trust (NYSE:AAT) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

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

American Assets Trust Stock Down 0.1%

Shares of NYSE AAT opened at $20.15 on Friday. American Assets Trust has a 52-week low of $16.69 and a 52-week high of $29.15. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 15.87 and a beta of 1.15. The stock has a 50 day moving average price of $20.07 and a 200 day moving average price of $20.91. The company has a debt-to-equity ratio of 1.47, a quick ratio of 4.12 and a current ratio of 4.12.

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

Hedge Funds Weigh In On American Assets Trust

Several institutional investors and hedge funds have recently modified their holdings of AAT. T. Rowe Price Investment Management Inc. grew its position in American Assets Trust by 13.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,030,121 shares of the real estate investment trust’s stock valued at $40,887,000 after buying an additional 236,376 shares during the period. Allianz Asset Management GmbH grew its position in shares of American Assets Trust by 20.4% during the 1st quarter. Allianz Asset Management GmbH now owns 893,652 shares of the real estate investment trust’s stock valued at $17,998,000 after acquiring an additional 151,541 shares during the period. Northern Trust Corp increased its stake in shares of American Assets Trust by 16.0% in the 4th quarter. Northern Trust Corp now owns 856,868 shares of the real estate investment trust’s stock valued at $22,501,000 after purchasing an additional 118,315 shares in the last quarter. Nuveen LLC acquired a new position in American Assets Trust in the 1st quarter worth about $16,603,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings 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 worth $19,127,000 after purchasing an additional 55,762 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.