American Assets Trust, Inc. $AAT Shares Purchased by Aberdeen Group plc

Aberdeen Group plc boosted its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 23.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,431 shares of the real estate investment trust’s stock after acquiring an additional 2,933 shares during the quarter. Aberdeen Group plc’s holdings in American Assets Trust were worth $305,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Strs Ohio acquired a new stake in shares of American Assets Trust during the 1st quarter worth approximately $175,000. Coppell Advisory Solutions LLC lifted its stake in shares of American Assets Trust by 8.6% in the 1st quarter. Coppell Advisory Solutions LLC now owns 10,138 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 805 shares during the period. US Bancorp DE boosted its holdings in American Assets Trust by 952.0% during the first quarter. US Bancorp DE now owns 10,415 shares of the real estate investment trust’s stock worth $210,000 after buying an additional 9,425 shares in the last quarter. Retirement Planning Co of New England Inc. boosted its holdings in American Assets Trust by 20.9% during the first quarter. Retirement Planning Co of New England Inc. now owns 10,600 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 1,830 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in American Assets Trust by 16.2% during the first quarter. Russell Investments Group Ltd. now owns 10,844 shares of the real estate investment trust’s stock valued at $218,000 after buying an additional 1,510 shares during the period. Hedge funds and other institutional investors own 90.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of American Assets Trust in a research report on Wednesday, October 8th. Mizuho cut their price target on American Assets Trust from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, August 20th. Finally, Wall Street Zen downgraded American Assets Trust from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, American Assets Trust currently has an average rating of “Hold” and an average price target of $20.50.

American Assets Trust Price Performance

Shares of American Assets Trust stock opened at $19.48 on Friday. The stock has a market capitalization of $1.19 billion, a P/E ratio of 16.79 and a beta of 1.23. The business has a 50 day simple moving average of $20.20 and a two-hundred day simple moving average of $19.78. American Assets Trust, Inc. has a 12 month low of $16.69 and a 12 month high of $29.15. The company has a debt-to-equity ratio of 1.50, a current ratio of 3.55 and a quick ratio of 3.55.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. American Assets Trust had a return on equity of 6.47% and a net margin of 16.26%.The firm had revenue of $107.93 million for the quarter, compared to analyst estimates of $107.75 million. American Assets Trust has set its FY 2025 guidance at 1.890-2.010 EPS. As a group, analysts predict that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date was Thursday, September 4th. American Assets Trust’s dividend payout ratio is 117.24%.

About American Assets Trust

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii.