JPMorgan Chase & Co. Purchases 918,635 Shares of American Assets Trust, Inc. $AAT

JPMorgan Chase & Co. increased its position in American Assets Trust, Inc. (NYSE:AAT) by 189.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,402,665 shares of the real estate investment trust’s stock after purchasing an additional 918,635 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.29% of American Assets Trust worth $28,502,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in shares of American Assets Trust by 95.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,427 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 696 shares during the period. EverSource Wealth Advisors LLC lifted its stake in American Assets Trust by 262.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,704 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 1,234 shares during the period. Hantz Financial Services Inc. lifted its stake in American Assets Trust by 56.2% during the third quarter. Hantz Financial Services Inc. now owns 1,795 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 646 shares during the period. Tower Research Capital LLC TRC boosted its holdings in American Assets Trust by 32.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,774 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 1,165 shares in the last quarter. Finally, State of Wyoming grew its stake in shares of American Assets Trust by 131.5% in the 2nd quarter. State of Wyoming now owns 5,646 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 3,207 shares during the period. Institutional investors own 90.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AAT shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Assets Trust in a research note on Wednesday, January 21st. Morgan Stanley downgraded shares of American Assets Trust from an “equal weight” rating to an “underweight” rating and set a $17.00 target price on the stock. in a research note on Friday, January 16th. Wall Street Zen upgraded shares of American Assets Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Mizuho set a $19.00 price target on shares of American Assets Trust in a research report on Friday, January 9th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $18.00.

American Assets Trust Price Performance

AAT opened at $19.54 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.11 and a quick ratio of 3.11. The stock has a market capitalization of $1.20 billion, a P/E ratio of 21.47 and a beta of 0.98. The company’s 50 day simple moving average is $18.67 and its 200-day simple moving average is $19.38. American Assets Trust, Inc. has a one year low of $16.69 and a one year high of $22.79.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings data on Tuesday, February 3rd. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.43). American Assets Trust had a return on equity of 4.96% and a net margin of 12.76%.The firm had revenue of $110.09 million for the quarter, compared to analyst estimates of $108.70 million. American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. Sell-side analysts anticipate that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be given a dividend of $0.34 per share. The ex-dividend date is Thursday, March 5th. This represents a $1.36 dividend on an annualized basis and a yield of 7.0%. American Assets Trust’s dividend payout ratio is presently 149.45%.

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.