39,199 Shares in American Assets Trust, Inc. $AAT Acquired by Summit Global Investments

Summit Global Investments purchased a new stake in American Assets Trust, Inc. (NYSE:AAT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 39,199 shares of the real estate investment trust’s stock, valued at approximately $968,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in American Assets Trust by 38.7% during the 1st quarter. Royal Bank of Canada now owns 33,674 shares of the real estate investment trust’s stock worth $678,000 after buying an additional 9,393 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of American Assets Trust by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,490 shares of the real estate investment trust’s stock valued at $574,000 after acquiring an additional 1,240 shares during the period. Jane Street Group LLC grew its stake in shares of American Assets Trust by 534.0% in the first quarter. Jane Street Group LLC now owns 158,297 shares of the real estate investment trust’s stock valued at $3,188,000 after acquiring an additional 133,329 shares in the last quarter. Strs Ohio bought a new position in American Assets Trust during the first quarter worth about $175,000. Finally, Creative Planning acquired a new stake in American Assets Trust in the 2nd quarter worth about $253,000. 90.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AAT. Morgan Stanley raised their target price on shares of American Assets Trust from $18.00 to $24.00 and gave the stock an “underweight” rating in a report on Wednesday, July 22nd. Weiss Ratings upgraded American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $21.50.

American Assets Trust Stock Down 1.1%

Shares of NYSE AAT opened at $22.72 on Friday. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 78.34 and a beta of 0.96. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 1.61. American Assets Trust, Inc. has a 12 month low of $17.72 and a 12 month high of $25.97. The stock has a 50-day moving average price of $24.29 and a two-hundred day moving average price of $21.46.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The company had revenue of $109.48 million during the quarter, compared to analyst estimates of $110.64 million. American Assets Trust had a net margin of 4.09% and a return on equity of 1.66%. American Assets Trust has set its FY 2026 guidance at 2.030-2.030 EPS. As a group, analysts forecast that American Assets Trust, Inc. will post 2.03 earnings per share for the current fiscal year.

American Assets Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a $0.34 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $1.36 annualized dividend and a yield of 6.0%. American Assets Trust’s dividend payout ratio (DPR) is currently 468.97%.

About American Assets Trust

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.