American Assets Trust (NYSE:AAT) Price Target Raised to $18.00 at Morgan Stanley

American Assets Trust (NYSE:AAT) had its price target raised by Morgan Stanley from $17.00 to $18.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has an underweight rating on the real estate investment trust’s stock.

Other analysts also recently issued reports about the company. Wall Street Zen upgraded American Assets Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings restated a “hold (c)” rating on shares of American Assets Trust in a research report on Wednesday, January 21st. Finally, Mizuho set a $19.00 price objective on American Assets Trust in a research note on Friday, January 9th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, American Assets Trust presently has a consensus rating of “Reduce” and a consensus price target of $18.50.

American Assets Trust Price Performance

Shares of AAT opened at $18.53 on Thursday. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 1.56. The stock has a market cap of $1.14 billion, a PE ratio of 20.36 and a beta of 0.95. American Assets Trust has a 12-month low of $16.69 and a 12-month high of $21.40. The business has a 50-day simple moving average of $18.75 and a two-hundred day simple moving average of $19.22.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings results on Tuesday, February 3rd. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.43). The firm had revenue of $110.09 million for the quarter, compared to analyst estimates of $108.70 million. American Assets Trust had a net margin of 12.76% and a return on equity of 4.96%. American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. Analysts anticipate that American Assets Trust will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date was Thursday, March 5th. American Assets Trust’s dividend payout ratio is presently 149.45%.

Institutional Trading of American Assets Trust

Hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its holdings in shares of American Assets Trust by 95.2% during the third quarter. Smartleaf Asset Management LLC now owns 1,427 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 696 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of American Assets Trust by 262.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,704 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 1,234 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of American Assets Trust by 56.2% during the third quarter. Hantz Financial Services Inc. now owns 1,795 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 646 shares during the period. Federation des caisses Desjardins du Quebec raised its position in shares of American Assets Trust by 27.4% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,154 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 893 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of American Assets Trust by 32.3% in the 2nd 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 in the last quarter. Institutional investors own 90.41% of the company’s stock.

About American Assets Trust

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.