American Assets Trust's (AAT) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• American Assets Trust has had its "hold (C)" rating reaffirmed by Weiss Ratings, amid other analysts also downgrading the stock from a "buy" rating.
• As of Wednesday, the stock price was $19.85, with an average target price of $20.50 according to MarketBeat.
• Institutional ownership of American Assets Trust is substantial, with 90.41% of the stock held by institutional investors, indicating strong support for the company.

American Assets Trust (NYSE:AAT - Get Free Report)'s stock had its "hold (c)" rating reissued by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other equities analysts also recently issued reports on the company. Wall Street Zen downgraded American Assets Trust from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Mizuho lowered their price objective on American Assets Trust from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Wednesday, August 20th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, American Assets Trust presently has an average rating of "Hold" and a consensus price target of $20.50.

American Assets Trust Stock Performance

Shares of American Assets Trust stock traded down $0.16 during midday trading on Wednesday, hitting $19.85. The company had a trading volume of 36,645 shares, compared to its average volume of 402,954. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 17.09 and a beta of 1.23. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.50. The company has a fifty day simple moving average of $20.12 and a 200 day simple moving average of $19.83. American Assets Trust has a 12-month low of $16.69 and a 12-month high of $29.15.

American Assets Trust (NYSE:AAT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.03. American Assets Trust had a net margin of 16.26% and a return on equity of 6.47%. The business had revenue of $107.93 million for the quarter, compared to analysts' expectations of $107.75 million. American Assets Trust has set its FY 2025 guidance at 1.890-2.010 EPS. As a group, analysts predict that American Assets Trust will post 1.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its position in shares of American Assets Trust by 262.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,704 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 1,234 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of American Assets Trust by 32.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,774 shares of the real estate investment trust's stock valued at $94,000 after acquiring an additional 1,165 shares during the last quarter. State of Wyoming increased its stake in shares of American Assets Trust by 131.5% in the 2nd quarter. State of Wyoming now owns 5,646 shares of the real estate investment trust's stock valued at $112,000 after acquiring an additional 3,207 shares during the last quarter. CWM LLC grew its position in shares of American Assets Trust by 229.6% in the 2nd quarter. CWM LLC now owns 8,382 shares of the real estate investment trust's stock valued at $166,000 after purchasing an additional 5,839 shares during the period. Finally, Virtus Investment Advisers LLC grew its position in shares of American Assets Trust by 47.1% in the 2nd quarter. Virtus Investment Advisers LLC now owns 8,480 shares of the real estate investment trust's stock valued at $167,000 after purchasing an additional 2,715 shares during the period. 90.41% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.