American Assets Trust (NYSE:AAT) had its price target lifted by stock analysts at Morgan Stanley from $27.40 to $28.50 in a research note issued to investors on Tuesday, Analyst Ratings Network reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Morgan Stanley’s price target indicates a potential downside of 9.70% from the company’s current price.
Separately, Zacks Investment Research cut American Assets Trust from a “hold” rating to a “strong sell” rating in a report on Friday.
AAT stock traded up $1.11 during midday trading on Tuesday, reaching $31.56. The company had a trading volume of 5,928 shares, compared to its average volume of 251,447. The company has a debt-to-equity ratio of 1.12, a current ratio of 3.30 and a quick ratio of 3.30. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 48.33 and a beta of 1.20. American Assets Trust has a 1-year low of $20.15 and a 1-year high of $45.57. The stock has a 50 day moving average price of $28.78 and a 200-day moving average price of $26.90.
American Assets Trust (NYSE:AAT) last issued its earnings results on Monday, February 8th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). American Assets Trust had a return on equity of 2.94% and a net margin of 10.38%. As a group, research analysts anticipate that American Assets Trust will post 1.93 earnings per share for the current year.
In related news, CEO Ernest S. Rady acquired 45,008 shares of American Assets Trust stock in a transaction on Monday, November 30th. The stock was acquired at an average price of $28.99 per share, for a total transaction of $1,304,781.92. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Adam Wyll sold 8,500 shares of the firm’s stock in a transaction dated Monday, December 7th. The shares were sold at an average price of $30.20, for a total value of $256,700.00. Following the sale, the chief operating officer now owns 79,524 shares in the company, valued at $2,401,624.80. The disclosure for this sale can be found here. Corporate insiders own 32.76% of the company’s stock.
Several institutional investors have recently modified their holdings of AAT. Marshall Wace North America L.P. raised its position in American Assets Trust by 32.9% in the first quarter. Marshall Wace North America L.P. now owns 1,211 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 300 shares during the period. Van ECK Associates Corp raised its holdings in shares of American Assets Trust by 33.2% in the fourth quarter. Van ECK Associates Corp now owns 2,022 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 504 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in American Assets Trust during the third quarter worth about $207,000. Envestnet Asset Management Inc. purchased a new position in American Assets Trust in the third quarter valued at about $234,000. Finally, Amica Retiree Medical Trust increased its holdings in American Assets Trust by 55.1% in the fourth quarter. Amica Retiree Medical Trust now owns 8,116 shares of the real estate investment trust’s stock valued at $234,000 after buying an additional 2,883 shares in the last quarter. Institutional investors and hedge funds own 94.06% of the company’s stock.
American Assets Trust Company Profile
American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 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, Oregon, Washington, Texas and Hawaii.
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