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

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

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

American Assets Trust Stock Down 1.9%

NYSE:AAT traded down $0.40 during trading hours on Friday, reaching $20.92. The company's stock had a trading volume of 173,114 shares, compared to its average volume of 343,453. The company has a market capitalization of $1.28 billion, a P/E ratio of 16.51 and a beta of 1.15. American Assets Trust has a 12 month low of $16.69 and a 12 month high of $29.15. 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 has a 50 day moving average price of $19.92 and a two-hundred day moving average price of $21.07.

American Assets Trust (NYSE:AAT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.07. The business had revenue of $108.61 million for the quarter, compared to the consensus estimate of $112.05 million. American Assets Trust had a return on equity of 7.02% and a net margin of 17.57%. Equities analysts predict that American Assets Trust will post 1.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AAT. Nuveen LLC acquired a new position in shares of American Assets Trust in the 1st quarter valued at $16,603,000. Wellington Management Group LLP increased its stake in American Assets Trust by 693.7% during the 4th quarter. Wellington Management Group LLP now owns 661,763 shares of the real estate investment trust's stock worth $17,378,000 after buying an additional 578,386 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new stake in American Assets Trust during the 1st quarter worth $5,612,000. T. Rowe Price Investment Management Inc. increased its stake in American Assets Trust by 13.2% during the 1st 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 buying an additional 236,376 shares during the period. Finally, Norges Bank acquired a new position in American Assets Trust during the 4th quarter worth $6,010,000. 90.41% of the stock is currently owned by institutional investors and hedge funds.

About American Assets Trust

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.