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

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

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

American Assets Trust Stock Down 1.9%

Shares of American Assets Trust stock opened at $18.19 on Thursday. The firm has a market cap of $1.12 billion, a PE ratio of 19.98 and a beta of 0.95. The business’s 50 day simple moving average is $18.76 and its 200 day simple moving average is $19.19. The company has a debt-to-equity ratio of 1.56, a quick ratio of 3.11 and a current ratio of 3.11. American Assets Trust has a 52-week low of $16.69 and a 52-week high of $21.40.

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

American Assets Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 5th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 7.5%. The ex-dividend date was Thursday, March 5th. American Assets Trust’s dividend payout ratio (DPR) is 149.45%.

Hedge Funds Weigh In On American Assets Trust

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of American Assets Trust by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 7,677,140 shares of the real estate investment trust’s stock worth $145,328,000 after acquiring an additional 132,887 shares during the period. Senvest Management LLC raised its stake in American Assets Trust by 62.4% in the 4th quarter. Senvest Management LLC now owns 2,929,436 shares of the real estate investment trust’s stock valued at $55,454,000 after acquiring an additional 1,125,474 shares during the period. LSV Asset Management lifted its holdings in American Assets Trust by 0.9% during the 4th quarter. LSV Asset Management now owns 1,845,156 shares of the real estate investment trust’s stock valued at $34,929,000 after purchasing an additional 16,360 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in American Assets Trust by 189.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,402,665 shares of the real estate investment trust’s stock valued at $28,502,000 after purchasing an additional 918,635 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in American Assets Trust by 5.5% during the second quarter. Geode Capital Management LLC now owns 1,391,478 shares of the real estate investment trust’s stock worth $27,484,000 after purchasing an additional 72,458 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 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.