American Assets Trust (AAT) Stock Analysis & Forecast

Oct 12 close

$21.61+0.09 (+0.4%)
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Gekko Brief

AI summaryOct 12 close

This week brings an analyst target raise, with Argus lifting its price target for American Assets Trust to $23.00. Coverage also highlights that the stock trades below its 52-week high, with second quarter 2026 revenue reported at $109.48 million and diluted EPS of $0.09, which missed consensus estimates. Additional commentary circulating this week focuses on trading analysis and general company profiles rather than new catalysts.

AAT closed at $21.61, up 0.4%, sitting between its 50-day average of $22.15 and 200-day average of $21.26. The GekkoIndex reads 60.3, placing the stock in the Accumulation zone, down 5.9 over the prior five readings. Price stands 32.9% below Gekko Fair Value of $32.22, a notable gap. Over the past three months the stock has returned -14.2%, while the one-year return stands at 9.2%.

AAT's next earnings release falls on 27 October 2026, after the close, 15 days away and inside a typical 20-trading-day holding window. Its prior quarter showed FFO of $0.51 per diluted share matching estimates, with a -2.5% reaction, and the average absolute reaction across recent quarters has been 3.8%. Over the last 90 days, insiders have made 18 open-market purchases totaling $20,059,590. Analyst coverage currently shows 3 firms with 0 buy, 2 hold, and 1 sell ratings, with a consensus target of $23.50. Seasonally, the next 20 trading days have averaged +4.7% over 5 years, rising in 5 of them.

Written by AI from the Oct 12, 2026 close and checked automatically against the figures on this page.

American Assets Trust price vs fair value

▲$32.22$21.61Oct ’25Apr ’26Oct ’26
Close $21.61200-day averageGekko Fair Value $32.22

American Assets Trust quick facts

Market cap
$1.33B
P/E ratio
74.5
Forward P/E
60.6
EPS, TTM
$0.29
Revenue, TTM
$435.4M
Profit margin
4.1%
Dividend yield
6.34%
Beta
0.98
Volume
282,147 avg 434,208
1-year return
+9.2%
Typical daily move
±1.7%
Typical 20-day move
±5%
50-day average
$22.15
200-day average
$21.26
Next earnings
Oct 27 after close
Shares outstanding
61.40M
52-week range
$17.72$25.97

American Assets Trust swing-trade checklist

American Assets Trust scores 4 supportive, 1 mixed and 1 headwind across the 6 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

4 supportive1 mixed1 headwind

  • Trendmixed

    Averages disagree

    Close $21.61 sits between the 50-day ($22.15) and 200-day ($21.26) averages, or the averages disagree.

    See the chart
  • GekkoIndexsupportive

    60.3, Accumulation

    Reading 60.3 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    32.9% below

    Price is 32.9% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneysupportive

    Leans bullish

    Last 90 days: 18 open-market insider purchases.

    See smart money
  • Earnings riskheadwind

    Reports in 15 days

    Reports on Oct 27, 2026, 15 days away — inside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +4.7% on average

    From this point in the calendar, the next 20 trading days averaged +4.7% over 5 years, rising in 5 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

American Assets Trust stock chart and price history

American Assets Trust closed at $21.61 on Oct 12, 2026, +9.2% over the past year, inside a 52-week range of $17.72 to $25.97.

5Y and weekly in Gekko
Close50-day average200-day averageVolume
American Assets Trust share price, past year, with 50-day and 200-day moving averages and volume$18$20$24$26NovDecJan 2026FebMarAprMayJunJulAugSepOct21.61

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
+0.5%
3 months
−14.2%
6 months
+10.1%
1 year
+9.2%
The full AAT chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open AAT in Gekko

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About American Assets Trust

American Assets Trust is a real estate investment trust that buys, upgrades, develops and manages office, retail and residential properties. It focuses on markets that are considered hard to enter, spread across Southern and Northern California, Oregon, Washington, Texas and Hawaii. The company is self-managed rather than relying on an outside manager, and it is best known for the breadth of its property types, which range from office buildings to shopping centers to apartment communities.

Its holdings include close to 3.4 million square feet of office space and about 3.1 million square feet of retail space, along with a mixed-use property that pairs roughly 97,000 square feet of retail with a 369-room all-suite hotel. It also owns 2,112 multifamily residential units. This mix of office, retail, hospitality and residential assets spreads its operations across several property categories rather than concentrating on a single one.

American Assets Trust was formed in 2011 as the successor to American Assets, Inc., a private company that traces its roots back to 1967. It is headquartered in San Diego, California, and its shares trade under the ticker AAT.

Sector
Finance
Website
americanassetstrust.com

American Assets Trust GekkoIndex: the smart money zone

American Assets Trust’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 60.3, in the Accumulation zone, down 5.9 points over five sessions.

010060.3Accumulation

Down 5.9 points over five sessions.

Reading for Oct 12, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying34+1.3%+0.7%−3.0%−6.8%
Accumulation (current zone)222−0.5%−1.3%−0.8%−0.9%
Neutral344+0.3%+0.7%+1.1%+2.8%
Distribution35+0.8%+2.4%+2.4%−0.2%
Selling0Not available

Average AAT share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.2% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the AAT price, zone by zone.Track AAT in Gekko

Is American Assets Trust stock overvalued? Gekko Fair Value

American Assets Trust trades 32.9% below Gekko Fair Value of $32.22, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what American Assets Trust shares are worth, recalculated every trading day.

$32.22

Gekko Fair Value, Oct 10, 2026

32.9% Undervalued

At the end of Aug 2026 the price was 41.0% below the estimate.

Gekko Fair ValueShare price, month end
$32$22Aug 2026SepOct 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open AAT in Gekko

American Assets Trust insider and Congress trading

Insiders filed 18 open-market purchases in American Assets Trust worth $20.06M, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

$20.06Min 18 open-market purchases

FiledInsiderTypeSharesValue
Sep 16RADY ERNEST S
director, 10 percent owner, officer: Executive Chairman		Purchase50,000$1.08M
Sep 2RADY ERNEST S
director, 10 percent owner, officer: Executive Chairman		Purchase96,636$2.17M
Sep 2RADY ERNEST S
director, 10 percent owner, officer: Executive Chairman		Purchase50,000$1.12M
Sep 2RADY ERNEST S
director, 10 percent owner, officer: Executive Chairman		Purchase20,000$447K
Aug 28RADY ERNEST S
director, 10 percent owner, officer: Executive Chairman		Purchase50,000$1.13M

From Form 4 filings, dated to when each was filed.

Congress trades last 90 days

No trades in AAT were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for AAT, plotted on the chart in Gekko.Open AAT in Gekko

Buybacks

American Assets Trust has been buying back its own shares.

Bought back, quarter ended Dec 31, 2025
$2.39M
As a share of market cap
0.18%

From company filings.

American Assets Trust earnings: next date and track record

American Assets Trust reports on Oct 27, 2026, after the close (15 days away), and beat the EPS estimate in 4 of its last 8 reports.

4 of 8reports beat the EPS estimate
±3.8%average move across the report
2 of 8reports followed by a gain

Share-price move across each report

+1.2%Oct ’24−7.0%Feb ’25−1.5%Apr ’25−4.6%Jul ’25−5.6%Oct ’25+4.2%Feb ’26−3.5%Apr ’26−2.5%Jul ’26

Last earnings call, Jul 28, 2026 AI summary

What they said
American Assets Trust reported second quarter 2026 results with FFO of $0.51 per diluted share (ahead of internal expectations) and net income attributable to common stockholders of $0.09 per diluted share. Portfolio-wide same-store cash NOI rose modestly (0.3% overall; 1.3% excluding a one-time reserve for an office tenant receivable). Segment performance: office same-store NOI up modestly (0.4%; 2.4% ex-reserve), retail down slightly due to a 2025 tax refund absence, multifamily up modestly, and mixed-use improved driven by a large bad-debt recovery offset by hotel softness (occupancy 90.5%, RevPAR +0.9%). Management highlighted leasing momentum at key office developments (La Jolla Commons, One Beach, City Center Bellevue), progress from spec-suite initiatives, and that several large requirements are in proposal (timing is binary). Balance sheet liquidity is healthy (~$610M), with no debt maturities until March (incomplete date in transcript). Management emphasized long-term discipline, selective capital recycling (no transactions announced), and potential FFO upside of $0.29 per share (with $0.14 from already-signed leases). The call was constructive but cautious: results beat internal expectations, leasing and transaction markets are improving, but timing risk on large office deals and a reserve for a troubled tenant temper near-term visibility.
Guidance
Management said midyear outlook supports the midpoint of the full-year FFO guidance range with potential to move into the upper half if operating variables develop favorably. Management quantified $0.29 of potential FFO upside, with $0.14 from leases already signed: $0.03 recognized in 2026, an additional $0.02 expected in the back half of 2026, and $0.09 expected in 2027 based on in-place signed leases. (No other numeric revenue or EPS guidance provided in the transcript.)
Risks flagged
Risks noted include a one-time reserve related to an office tenant receivable (~$1.2M) with uncertain recovery, the binary/timing nature of several large office leasing prospects (could push occupancy improvements into next year), potential tax consequences and need for efficient structuring if capital recycling is pursued, uneven economic and capital market conditions (inflation above target, moderated hiring), and differentiated performance across property types (office remains more challenged than retail/multifamily).
ReportedEPSSurpriseRevenueSurpriseMove
Jul 28, 2026$0.51
est $0.51		0.0%$109.5M
est $110.6M		−1.0%−2.5%
Apr 28, 2026$0.08
est $0.11		−27.3%$110.6M
est $109.8M		+0.7%−3.5%
Feb 3, 2026$0.47
est $0.48		−2.1%$110.1M
est $108.7M		+1.3%+4.2%
Oct 28, 2025$0.49
est $0.49		0.0%$109.6M
est $106.9M		+2.5%−5.6%
Jul 29, 2025$0.52
est $0.49		+6.1%$107.9M
est $109.4M		−1.4%−4.6%
Apr 29, 2025$0.52
est $0.45		+15.6%$108.6M
est $112.0M		−3.1%−1.5%
Feb 4, 2025$0.55
est $0.14		+292.9%$113.5M
est $114.6M		−1.0%−7.0%
Oct 29, 2024$0.71
est $0.54		+31.5%$122.8M
est $111.3M		+10.4%+1.2%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

American Assets Trust stock forecast and analyst price targets

Analysts’ average 12-month price target for American Assets Trust is $23.50, +8.7% from the last close, from 3 firms rating the stock in the last 90 days.

$23.50consensus 12-month target, +8.7% from the last close
Low $23High $24
Buy0
Hold2
Sell1

Each firm’s latest rating in the last 90 days: 3 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 24Mizuho SecuritiesHold, maintained$23+6.4%
Aug 4KeyBancHold, reiterated——
Jul 29Morgan StanleySell, maintained$24+11.1%
Jul 22Morgan StanleySell, reiterated$24+11.1%
Jul 22Morgan StanleySell, maintained$24+11.1%
−0.8%average 20-day move after past Accumulation readings
+4.7%average move over the next 20 trading days in the last 5 years
±1.7%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

American Assets Trust seasonality: the next 20 trading days

Over the next 20 trading days from Oct 10, American Assets Trust averaged +4.7% across the last 5 years, rising in 5 of them.

Next 20 trading days, by year

+0.3%2021+12.3%2022+3.5%2023+6.3%2024+1.4%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+3.3%5 of 5
Next 10 trading days+2.5%4 of 5
Next 15 trading days+2.2%3 of 5
Next 20 trading days+4.7%5 of 5
Next 30 trading days+3.4%4 of 5

For scale, AAT’s typical 20-trading-day move in either direction is about 5%.

American Assets Trust market cap and key statistics

American Assets Trust’s market cap is $1.33B, with a P/E ratio of 74.5 and revenue of $435.4M over the last twelve months.

Valuation

Market cap
$1.33B
P/E ratio
74.5
Forward P/E
60.6
EPS, TTM
$0.29
Gekko Fair Value
$32.22

Trading

Volume
282,147
Avg volume, 20 days
434,208
52-week high
$25.97
52-week low
$17.72
Shares outstanding
61.40M

Financials

Revenue, TTM
$435.4M
Profit margin
4.1%
Return on equity
2.2%
Quarterly earnings growth, YoY
−5.4%

Risk and income

Beta
0.98
Typical daily move
±1.7%
Typical 20-day move
±5%
Dividend yield
6.34%

American Assets Trust stock news this week

Coverage of American Assets Trust this week reads neutral: 1 positive, 2 neutral and 1 negative headlines.

News sentiment neutral

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American Assets Trust stock FAQ

What is American Assets Trust’s market cap?

American Assets Trust’s market cap is $1.33B at the Oct 12, 2026 close of $21.61, with 61.40M shares outstanding. The shares trade on a P/E ratio of 74.5.

What is the American Assets Trust stock forecast?

The consensus analyst 12-month price target for American Assets Trust is $23.50, +8.7% from the last close. Of the 3 firms that rated the stock in the last 90 days, 0 rate it a buy, 2 a hold and 1 a sell. Gekko doesn’t publish price predictions of its own.

Is American Assets Trust stock overvalued or undervalued?

On Gekko’s estimate American Assets Trust is undervalued: the Oct 12, 2026 close of $21.61 is 32.9% below Gekko Fair Value of $32.22. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does American Assets Trust report earnings next?

American Assets Trust is expected to report on Oct 27, 2026, after the market closes (15 days away). Analysts expect earnings of $0.10 per share on revenue of $111.9M. American Assets Trust beat the earnings estimate in 4 of its last 8 reports, moving 3.8% on average across the report.

What is American Assets Trust’s 52-week high and low?

American Assets Trust’s 52-week high is $25.97 and its 52-week low is $17.72; it closed at $21.61 on Oct 12, 2026, +9.2% over the past year. Over the last five years the shares peaked at $40.83 on Nov 8, 2021.

Is American Assets Trust stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 4 of the 6 items with data read as supportive (gekkoindex, fair value, smart money and seasonality), 1 as mixed (trend) and 1 as a headwind (earnings risk). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

Built and overseen by Jared Mann

Founder of Gekko.app. Jared has traded stocks and ETFs for more than 20 years and has a financial industry background.

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