AAT trades 14.2% above Wall Street's consensus target of $18.50.
Last 12 months price action with 12-month analyst target path
The base valuation assumes AAT achieves its forward estimates and maintains a stable P/E multiple of 55.3x. This scenario reflects the blended consensus of 11 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of October 3, 2026, American Assets Trust, Inc. (AAT) has a Wall Street consensus price target of $18.50, based on estimates from 11 covering analysts. With the stock currently trading at $21.55, this represents a potential downside of -14.2%. The company has a market capitalization of $1.32B.
Analyst price targets range from a low of $18.00 to a high of $19.00, representing a 5% spread in expectations. The median target of $18.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 4 analysts rating the stock as a Buy or Strong Buy,4 rating it Hold, and 3 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, AAT trades at a trailing P/E of 23.4x and forward P/E of 55.3x. The forward PEG ratio of 3.72 reflects a premium valuation. Analysts expect EPS to grow +44.9% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $26.69, with bear and bull scenarios of $16.81 and $35.17 respectively. Model confidence stands at 47/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 ESRTEmpire State Realty Trust, Inc. | $715M | $4.17 | $5.00 | +19.9% | Hold | 5.4x | 16 |
 UEUrban Edge Properties | $2.5B | $19.70 | $24.50 | +24.4% | Hold | 38.5x | 7 |
 PECOPhillips Edison & Co. | $4.8B | $37.76 | $42.83 | +13.4% | Buy | 43.9x | 15 |
 WHLRWheeler Real Estate Investment Trust, Inc. | $286385 | $2.07 | — | — | Buy | — | 5 |
 NXRTNexPoint Residential Trust, Inc. | $474M | $18.67 | $20.50 | +9.8% | Hold | — | 11 |
 REGRegency Centers Corporation | $13.1B | $71.60 | $84.58 | +18.1% | Buy | 28.8x | 33 |
 KIMKimco Realty Corporation | $15.0B | $22.24 | $26.40 | +18.7% | Hold | 26.4x | 36 |
 BXPBXP, Inc. | $9.6B | $60.45 | $72.18 | +19.4% | Buy | 28.5x | 43 |
 HIWHighwoods Properties, Inc. | $3.3B | $29.67 | $32.50 | +9.5% | Hold | 22.1x | 22 |
 CPTCamden Property Trust | $9.6B | $95.96 | $112.71 | +17.5% | Hold | 84.2x | 41 |
Quick answers to the most common questions about buying AAT stock.
AAT's consensus price target is $18.5, -14.2% below the current price of $21.55. The 11 analysts tracking AAT see downside risk at present valuations.
AAT has a consensus rating of "Buy" based on 11 Wall Street analysts. The rating breakdown is mixed, with 4 Hold ratings making up the largest segment. The consensus 12-month price target of $18.5 implies -14.2% downside from current levels.
At a forward P/E of 55.2564x, AAT trades at a premium valuation. The consensus price target of $18.5 (-14.2% downside) suggests analysts may view current valuations as stretched.
The most bullish Wall Street analyst has a price target of $19 for AAT, while the most conservative target is $18. The consensus of $18.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $35 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
AAT is moderately covered, with 11 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 4 have Buy ratings, 4 recommend Hold, and 3 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month AAT stock forecast based on 11 Wall Street analysts shows a consensus price target of $18.5, with estimates ranging from $18 (bear case) to $19 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $27, with bear/bull scenarios of $17/$35.
Our quantitative valuation model calculates AAT's fair value at $27 (base case), with a bear case of $17 and bull case of $35. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 47/100.
AAT trades at a forward P/E ratio of 55.3x based on next-twelve-months earnings estimates compared to a trailing P/E of 23.4x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Analysts are cautious on AAT, with 3 Sell ratings and a price target of $18.5 (-14.2% from current price). The "Buy" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
AAT analyst price targets range from $18 to $19, a 5% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $18.5 consensus represents the middle ground. Our model's $17-$35 range provides an independent fundamental perspective.
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.