Legal & General Group Plc Takes $7.06 Million Position in American Assets Trust, Inc. $AAT

Legal & General Group Plc acquired a new stake in shares of American Assets Trust, Inc. (NYSE:AAT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 285,941 shares of the real estate investment trust’s stock, valued at approximately $7,060,000. Legal & General Group Plc owned approximately 0.47% of American Assets Trust as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AAT. Allworth Financial LP acquired a new position in American Assets Trust in the 2nd quarter worth about $38,000. BROOKFIELD Corp ON grew its holdings in shares of American Assets Trust by 63.3% during the first quarter. BROOKFIELD Corp ON now owns 1,602 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 621 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of 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 last quarter. Blue Trust Inc. grew its holdings in shares of American Assets Trust by 5,717.7% during the first quarter. Blue Trust Inc. now owns 3,607 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 3,545 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec increased its stake in shares of American Assets Trust by 27.4% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,154 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 893 shares during the period. Institutional investors own 90.41% of the company’s stock.

Analyst Ratings Changes

AAT has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of American Assets Trust in a report on Tuesday, August 18th. Morgan Stanley boosted 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. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $21.50.

American Assets Trust Stock Performance

Shares of AAT stock opened at $22.44 on Thursday. The stock has a market capitalization of $1.38 billion, a PE ratio of 77.39 and a beta of 0.95. The business’s 50 day simple moving average is $23.88 and its 200 day simple moving average is $21.87. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.46 and a quick ratio of 2.46. American Assets Trust, Inc. has a one year low of $17.72 and a one year high of $25.97.

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

American Assets Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be issued a $0.34 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $1.36 annualized dividend and a yield of 6.1%. American Assets Trust’s payout ratio is presently 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.