American Assets Trust, Inc. $AAT Shares Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC lifted its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 65.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 89,539 shares of the real estate investment trust’s stock after acquiring an additional 35,513 shares during the period. Wolverine Asset Management LLC owned 0.15% of American Assets Trust worth $1,819,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AAT. Summit Global Investments raised its holdings in American Assets Trust by 2.9% during the second quarter. Summit Global Investments now owns 25,511 shares of the real estate investment trust’s stock worth $504,000 after purchasing an additional 716 shares in the last quarter. MQS Management LLC lifted its position in American Assets Trust by 5.5% in the second quarter. MQS Management LLC now owns 16,975 shares of the real estate investment trust’s stock valued at $335,000 after acquiring an additional 889 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in American Assets Trust by 1.3% in the second quarter. Public Employees Retirement System of Ohio now owns 68,296 shares of the real estate investment trust’s stock valued at $1,349,000 after acquiring an additional 893 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of 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 worth $94,000 after purchasing an additional 1,165 shares during the last quarter. Finally, 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. 90.41% of the stock is owned by institutional investors and hedge funds.

American Assets Trust Stock Down 3.7%

American Assets Trust stock opened at $18.00 on Friday. The stock has a 50 day moving average of $18.98 and a two-hundred day moving average of $19.66. American Assets Trust, Inc. has a twelve month low of $16.69 and a twelve month high of $25.26. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 17.82 and a beta of 0.98. The company has a current ratio of 3.34, a quick ratio of 3.34 and a debt-to-equity ratio of 1.52.

American Assets Trust (NYSE:AAT) last released its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. American Assets Trust had a return on equity of 5.43% and a net margin of 13.98%.The business had revenue of $109.58 million during 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. As a group, research analysts expect that American Assets Trust, Inc. will post 1.94 earnings per share for the current year.

American Assets Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a $0.34 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $1.36 annualized dividend and a dividend yield of 7.6%. American Assets Trust’s payout ratio is presently 134.65%.

Analyst Ratings Changes

AAT has been the subject of several research reports. Wall Street Zen downgraded American Assets Trust from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Assets Trust in a research report on Wednesday, October 8th. Mizuho set a $19.00 price objective on American Assets Trust in a report on Friday, January 9th. Finally, Morgan Stanley lowered 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 report on Friday. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $18.00.

American Assets Trust Profile

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.