Mizuho Lowers American Assets Trust (NYSE:AAT) Price Target to $21.00

American Assets Trust (NYSE:AAT) had its price target lowered by equities research analysts at Mizuho from $22.00 to $21.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price objective would indicate a potential upside of 6.17% from the stock’s previous close.

AAT has been the subject of a number of other reports. Wall Street Zen cut American Assets Trust from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Morgan Stanley decreased their price objective on American Assets Trust from $24.00 to $20.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, American Assets Trust has a consensus rating of “Hold” and an average target price of $20.50.

American Assets Trust Stock Up 0.4%

American Assets Trust stock opened at $19.78 on Wednesday. American Assets Trust has a twelve month low of $16.69 and a twelve month high of $29.15. The stock has a 50 day moving average of $19.92 and a two-hundred day moving average of $20.09. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 17.05 and a beta of 1.17.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. American Assets Trust had a return on equity of 6.47% and a net margin of 16.26%.The company had revenue of $107.93 million during the quarter, compared to analysts’ expectations of $107.75 million. American Assets Trust has set its FY 2025 guidance at 1.890-2.010 EPS. As a group, research analysts expect that American Assets Trust will post 1.94 earnings per share for the current year.

Institutional Trading of American Assets Trust

Hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its holdings in shares of American Assets Trust by 262.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,704 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 1,234 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of American Assets Trust in the 4th quarter valued at approximately $63,000. State of Wyoming acquired a new position in American Assets Trust during the fourth quarter worth $101,000. Tower Research Capital LLC TRC raised its holdings in American Assets Trust by 32.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,774 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 1,165 shares during the last quarter. Finally, CWM LLC raised its holdings in American Assets Trust by 229.6% during the second quarter. CWM LLC now owns 8,382 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 5,839 shares during the last quarter. 90.41% of the stock is owned by institutional investors and hedge funds.

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.