Penserra Capital Management LLC Acquires New Shares in American Assets Trust, Inc. $AAT

Penserra Capital Management LLC acquired a new position in shares of American Assets Trust, Inc. (NYSE:AAT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 53,849 shares of the real estate investment trust’s stock, valued at approximately $1,063,000. Penserra Capital Management LLC owned about 0.09% of American Assets Trust as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AAT. Natixis Advisors LLC boosted its stake in shares of American Assets Trust by 4.7% during the first quarter. Natixis Advisors LLC now owns 13,796 shares of the real estate investment trust’s stock valued at $278,000 after purchasing an additional 618 shares in the last quarter. Coppell Advisory Solutions LLC raised its holdings in 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 buying an additional 805 shares during the last quarter. MQS Management LLC boosted its position in American Assets Trust by 5.5% during the 2nd quarter. MQS Management LLC now owns 16,975 shares of the real estate investment trust’s stock worth $335,000 after buying an additional 889 shares during the period. Public Employees Retirement System of Ohio grew its holdings in American Assets Trust by 1.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 68,296 shares of the real estate investment trust’s stock worth $1,349,000 after acquiring an additional 893 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in American Assets Trust by 4.6% in the 1st 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. 90.41% of the stock is currently owned by institutional investors.

American Assets Trust Trading Down 0.5%

AAT opened at $19.23 on Tuesday. American Assets Trust, Inc. has a twelve month low of $16.69 and a twelve month high of $29.15. The company has a fifty day moving average of $20.02 and a 200-day moving average of $19.90. The stock has a market cap of $1.18 billion, a PE ratio of 19.04 and a beta of 1.20. The company has a quick ratio of 3.55, a current ratio of 3.34 and a debt-to-equity ratio of 1.52.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.49 EPS for the quarter, meeting analysts’ consensus estimates of $0.49. American Assets Trust had a net margin of 13.98% and a return on equity of 5.43%. The business had revenue of $109.58 million for the quarter, compared to analysts’ expectations of $105.71 million. American Assets Trust has set its FY 2025 guidance at 1.930-2.010 EPS. On average, sell-side analysts predict that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $1.36 annualized dividend and a yield of 7.1%. American Assets Trust’s dividend payout ratio (DPR) is currently 134.65%.

Wall Street Analyst Weigh In

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

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.