Morgan Stanley Cuts American Assets Trust (NYSE:AAT) Price Target to $19.00

American Assets Trust (NYSE:AAT) had its price target trimmed by Morgan Stanley from $20.00 to $19.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the real estate investment trust’s stock.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of American Assets Trust in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $20.00.

American Assets Trust Trading Up 2.1%

NYSE AAT opened at $18.83 on Tuesday. American Assets Trust has a one year low of $16.69 and a one year high of $25.36. The company has a debt-to-equity ratio of 1.52, a quick ratio of 3.34 and a current ratio of 3.34. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 18.64 and a beta of 0.98. The company’s 50-day simple moving average is $19.04 and its two-hundred day simple moving average is $19.71.

American Assets Trust (NYSE:AAT) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. The firm had revenue of $109.58 million for the quarter, compared to the consensus estimate of $105.71 million. American Assets Trust had a net margin of 13.98% and a return on equity of 5.43%. American Assets Trust has set its FY 2025 guidance at 1.930-2.010 EPS. Equities analysts forecast that American Assets Trust will post 1.94 EPS for the current fiscal year.

American Assets Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 7.2%. American Assets Trust’s dividend payout ratio is presently 134.65%.

Institutional Trading of American Assets Trust

A number of institutional investors have recently made changes to their positions in the business. Evergreen Capital Management LLC grew its stake in shares of American Assets Trust by 5.3% during the third quarter. Evergreen Capital Management LLC now owns 10,907 shares of the real estate investment trust’s stock worth $222,000 after acquiring an additional 550 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in American Assets Trust by 34.3% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,289 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 585 shares in the last quarter. Hantz Financial Services Inc. grew its position in American Assets Trust by 56.2% during the 3rd 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 last quarter. Smartleaf Asset Management LLC increased its stake in American Assets Trust by 95.2% during the 3rd 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 in the last quarter. Finally, Summit Global Investments increased its stake in American Assets Trust by 2.9% during the 2nd quarter. Summit Global Investments now owns 25,511 shares of the real estate investment trust’s stock valued at $504,000 after purchasing an additional 716 shares in the last quarter. Institutional investors and hedge funds own 90.41% of the company’s stock.

American Assets Trust Company Profile

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.