Mizuho Raises American Assets Trust (NYSE:AAT) Price Target to $26.00

American Assets Trust (NYSE:AAT) had its price objective increased by equities researchers at Mizuho from $22.00 to $26.00 in a report issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s target price would indicate a potential upside of 0.58% from the company’s previous close.

American Assets Trust Stock Up 1.9 %

AAT traded up $0.47 on Monday, reaching $25.85. The company’s stock had a trading volume of 50,684 shares, compared to its average volume of 295,939. American Assets Trust has a 1 year low of $17.15 and a 1 year high of $27.55. The company has a debt-to-equity ratio of 1.48, a current ratio of 3.03 and a quick ratio of 3.02. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 29.02 and a beta of 1.29. The business’s 50 day moving average is $23.43 and its 200 day moving average is $22.19.

American Assets Trust (NYSE:AAT) last released its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.33). The firm had revenue of $110.89 million during the quarter, compared to analyst estimates 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 period last year, the business earned $0.59 EPS. As a group, research analysts forecast that American Assets Trust will post 2.32 EPS for the current fiscal year.

Institutional Investors Weigh In On American Assets Trust

A number of institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. acquired a new stake in shares of American Assets Trust in the fourth quarter valued at $25,000. Signaturefd LLC grew its stake in American Assets Trust by 130.3% in the second 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 in the last quarter. Quadrant Capital Group LLC raised its position in American Assets Trust by 265.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,837 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 2,061 shares in the last quarter. Van ECK Associates Corp boosted its position in American Assets Trust by 19.0% during the fourth quarter. Van ECK Associates Corp now owns 7,706 shares of the real estate investment trust’s stock worth $173,000 after purchasing an additional 1,229 shares during the period. Finally, Inspire Advisors LLC acquired a new stake in shares of American Assets Trust during the first quarter worth $205,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

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.