AAT stock is currently trading at $23.56, near its 52-week low of $20.03, with an RSI of 22.7, indicating oversold conditions. Bears argue that the stock's recent 10% decline reflects broader challenges in the REIT sector, including rising interest rates and tenant risks, which could limit near-term recovery. Additionally, its valuation remains pressured despite a modest price target increase to $28, suggesting limited upside potential in the short term.