American Assets Trust (NYSE:AAT) Releases Earnings Results

American Assets Trust (NYSE:AAT) announced its earnings results on Tuesday. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03), FiscalAI reports. The firm had revenue of $110.59 million for the quarter, compared to analyst estimates of $111.12 million. American Assets Trust had a net margin of 12.76% and a return on equity of 4.96%. American Assets Trust updated its FY 2026 guidance to 1.960-2.100 EPS.

American Assets Trust Trading Up 0.8%

Shares of NYSE AAT traded up $0.17 during trading on Thursday, hitting $20.62. 28,821 shares of the company traded hands, compared to its average volume of 425,956. The firm has a market capitalization of $1.27 billion, a P/E ratio of 22.65 and a beta of 0.93. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 1.56. The company has a 50-day moving average price of $19.43 and a 200-day moving average price of $19.10. American Assets Trust has a 1 year low of $17.72 and a 1 year high of $21.61.

American Assets Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.36 dividend on an annualized basis and a yield of 6.6%. American Assets Trust’s dividend payout ratio (DPR) is currently 149.45%.

Hedge Funds Weigh In On American Assets Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Senvest Management LLC boosted its stake in shares of American Assets Trust by 62.4% in the fourth quarter. Senvest Management LLC now owns 2,929,436 shares of the real estate investment trust’s stock valued at $55,454,000 after purchasing an additional 1,125,474 shares during the period. Ameriprise Financial Inc. grew its stake in shares of American Assets Trust by 4.8% during the second quarter. Ameriprise Financial Inc. now owns 1,234,013 shares of the real estate investment trust’s stock valued at $22,696,000 after acquiring an additional 56,553 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of American Assets Trust by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 717,906 shares of the real estate investment trust’s stock worth $13,590,000 after acquiring an additional 12,122 shares during the last quarter. Invesco Ltd. lifted its stake in shares of American Assets Trust by 38.9% in the fourth quarter. Invesco Ltd. now owns 649,695 shares of the real estate investment trust’s stock worth $12,299,000 after acquiring an additional 181,900 shares in the last quarter. Finally, Citadel Advisors LLC grew its stake in American Assets Trust by 306.7% during the 3rd quarter. Citadel Advisors LLC now owns 493,832 shares of the real estate investment trust’s stock valued at $10,035,000 after purchasing an additional 372,397 shares in the last quarter. 90.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AAT shares. Wall Street Zen raised American Assets Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Assets Trust in a research report on Wednesday, January 21st. Morgan Stanley boosted their price target on shares of American Assets Trust from $17.00 to $18.00 and gave the company an “underweight” rating in a research report on Thursday, March 26th. Finally, Mizuho set a $19.00 target price on American Assets Trust in a research report on Friday, January 9th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $18.50.

American Assets Trust Company Profile

American Assets Trust, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops and manages a diversified portfolio of commercial properties across multiple asset classes. The company’s holdings include retail centers, office buildings, multifamily communities and select hotel and resort properties. American Assets Trust pursues an integrated strategy combining proactive redevelopment, leasing initiatives and sustainable design to enhance asset value and drive long-term growth.

Founded in 1998 and headquartered in San Diego, California, American Assets Trust has built a presence in key markets along the West Coast and select western U.S.