Wall Street Zen Downgrades American Assets Trust (NYSE:AAT) to Hold

American Assets Trust (NYSE:AAT - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

Separately, Morgan Stanley cut their target price on American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th.

American Assets Trust Trading Up 0.7%

American Assets Trust stock traded up $0.14 during midday trading on Friday, reaching $21.12. The stock had a trading volume of 453,828 shares, compared to its average volume of 344,270. American Assets Trust has a twelve month low of $16.69 and a twelve month high of $29.15. The stock has a market capitalization of $1.29 billion, a PE ratio of 16.63 and a beta of 1.15. The company has a debt-to-equity ratio of 1.47, a quick ratio of 4.12 and a current ratio of 4.12. The stock's 50-day simple moving average is $19.92 and its 200 day simple moving average is $21.10.

American Assets Trust (NYSE:AAT - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.52 EPS for the quarter, beating the consensus estimate of $0.45 by $0.07. American Assets Trust had a return on equity of 7.02% and a net margin of 17.57%. The company had revenue of $108.61 million for the quarter, compared to analyst estimates of $112.05 million. Analysts expect that American Assets Trust will post 1.94 EPS for the current year.

Institutional Investors Weigh In On American Assets Trust

A number of hedge funds have recently bought and sold shares of AAT. Nuveen LLC bought a new position in American Assets Trust during the first quarter worth about $16,603,000. Wellington Management Group LLP boosted its stake in American Assets Trust by 693.7% in the fourth quarter. Wellington Management Group LLP now owns 661,763 shares of the real estate investment trust's stock valued at $17,378,000 after acquiring an additional 578,386 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of American Assets Trust during the first quarter worth $5,612,000. T. Rowe Price Investment Management Inc. boosted its position in shares of American Assets Trust by 13.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,030,121 shares of the real estate investment trust's stock worth $40,887,000 after purchasing an additional 236,376 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of American Assets Trust during the fourth quarter worth $6,010,000. 90.41% of the stock is currently owned by institutional investors.

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.