Aberdeen Group plc Increases Holdings in American Assets Trust, Inc. $AAT

Aberdeen Group plc boosted its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 23.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,431 shares of the real estate investment trust’s stock after buying an additional 2,933 shares during the period. Aberdeen Group plc’s holdings in American Assets Trust were worth $305,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. acquired a new position in shares of American Assets Trust during the 1st quarter valued at about $265,000. Graham Capital Management L.P. raised its stake in American Assets Trust by 154.8% during the first quarter. Graham Capital Management L.P. now owns 42,736 shares of the real estate investment trust’s stock worth $861,000 after purchasing an additional 25,961 shares during the period. HighTower Advisors LLC purchased a new position in American Assets Trust during the first quarter worth about $458,000. Raymond James Financial Inc. boosted its holdings in American Assets Trust by 152.7% in the 1st quarter. Raymond James Financial Inc. now owns 163,827 shares of the real estate investment trust’s stock valued at $3,299,000 after purchasing an additional 98,986 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in American Assets Trust by 39.6% in the 1st quarter. Invesco Ltd. now owns 335,102 shares of the real estate investment trust’s stock valued at $6,749,000 after purchasing an additional 95,130 shares during the last quarter. 90.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

American Assets Trust Price Performance

AAT stock opened at $19.48 on Friday. The business’s fifty day moving average price is $20.20 and its 200 day moving average price is $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 current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $1.19 billion, a PE ratio of 16.79 and a beta of 1.23.

American Assets Trust (NYSE:AAT) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $107.93 million during the quarter, compared to the consensus estimate of $107.75 million. American Assets Trust had a return on equity of 6.47% and a net margin of 16.26%. American Assets Trust has set its FY 2025 guidance at 1.890-2.010 EPS. On average, sell-side analysts anticipate that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Dividend Announcement

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

American Assets Trust Company Profile

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.