American Assets Trust (NYSE:AAT) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of American Assets Trust (NYSE:AAT) from a hold rating to a sell rating in a research report sent to investors on Saturday.

A number of other research firms also recently issued reports on AAT. Weiss Ratings reiterated a “hold (c)” rating on shares of American Assets Trust in a research report on Wednesday, October 8th. Morgan Stanley decreased their target price on American Assets Trust from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 6th. Finally, Mizuho set a $19.00 price target on American Assets Trust in a research report on Friday. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.00.

American Assets Trust Trading Up 0.2%

Shares of AAT stock opened at $18.85 on Friday. The business’s fifty day moving average price is $19.03 and its 200 day moving average price is $19.70. The firm has a market capitalization of $1.15 billion, a PE ratio of 18.66 and a beta of 0.98. The company has a debt-to-equity ratio of 1.52, a current ratio of 3.34 and a quick ratio of 3.34. American Assets Trust has a 1-year low of $16.69 and a 1-year high of $25.36.

American Assets Trust (NYSE:AAT) last issued its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. The company had revenue of $109.58 million for the quarter, compared to analyst estimates 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. As a group, sell-side analysts forecast that American Assets Trust will post 1.94 EPS for the current fiscal year.

American Assets Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date was Thursday, December 4th. American Assets Trust’s dividend payout ratio (DPR) is currently 134.65%.

Hedge Funds Weigh In On American Assets Trust

Several institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in American Assets Trust by 189.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,402,665 shares of the real estate investment trust’s stock worth $28,502,000 after acquiring an additional 918,635 shares during the period. Geode Capital Management LLC increased its stake in American Assets Trust by 5.5% in the second quarter. Geode Capital Management LLC now owns 1,391,478 shares of the real estate investment trust’s stock valued at $27,484,000 after purchasing an additional 72,458 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in American Assets Trust by 4.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,253,217 shares of the real estate investment trust’s stock worth $24,751,000 after buying an additional 53,070 shares during the period. Ameriprise Financial Inc. boosted its stake in American Assets Trust by 4.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,234,013 shares of the real estate investment trust’s stock worth $22,696,000 after buying an additional 56,553 shares during the last quarter. Finally, Senvest Management LLC purchased a new stake in American Assets Trust in the 2nd quarter valued at about $14,184,000. Hedge funds and other institutional investors 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.