American Assets Trust (NYSE:AAT – Get Free Report) 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 – Get Free Report) 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
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.
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