Morgan Stanley Raises American Assets Trust (NYSE:AAT) Price Target to $24.00

American Assets Trust (NYSE:AAT) had its price target boosted by Morgan Stanley from $23.00 to $24.00 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has an equal weight rating on the real estate investment trust’s stock.

Separately, Mizuho increased their price objective on American Assets Trust from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, August 19th.

American Assets Trust Stock Performance

Shares of AAT stock opened at $27.82 on Wednesday. American Assets Trust has a one year low of $17.57 and a one year high of $28.44. The company has a debt-to-equity ratio of 1.48, a quick ratio of 3.03 and a current ratio of 3.03. The firm’s 50 day moving average price is $26.83 and its 200-day moving average price is $24.14. The firm has a market cap of $1.69 billion, a P/E ratio of 31.22 and a beta of 1.30.

American Assets Trust (NYSE:AAT) last released its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.33). The firm had revenue of $110.89 million for the quarter, compared to analysts’ expectations of $107.66 million. American Assets Trust had a return on equity of 4.62% and a net margin of 12.00%. During the same quarter in the prior year, the business earned $0.59 earnings per share. As a group, equities research analysts predict that American Assets Trust will post 2.32 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC grew its stake in shares of American Assets Trust by 130.3% in the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 1,059 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in American Assets Trust by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,891 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 488 shares during the last quarter. Blue Trust Inc. grew its position in American Assets Trust by 516.3% in the 3rd quarter. Blue Trust Inc. now owns 5,775 shares of the real estate investment trust’s stock valued at $154,000 after buying an additional 4,838 shares during the last quarter. QRG Capital Management Inc. acquired a new position in American Assets Trust in the 3rd quarter valued at $228,000. Finally, Inspire Advisors LLC acquired a new stake in shares of American Assets Trust in the 3rd quarter worth $229,000. 90.43% of the stock is currently 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.