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

Legal & General Group Plc purchased a new position in American Assets Trust, Inc. (NYSE:AAT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 285,941 shares of the real estate investment trust’s stock, valued at approximately $7,060,000.

Several other institutional investors have also recently made changes to their positions in the stock. Allworth Financial LP acquired a new stake in shares of American Assets Trust in the 2nd quarter valued at about $38,000. BROOKFIELD Corp ON raised its stake in American Assets Trust by 63.3% during the 1st quarter. BROOKFIELD Corp ON now owns 1,602 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 621 shares during the period. EverSource Wealth Advisors LLC raised its stake in American Assets Trust by 262.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,704 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 1,234 shares during the period. Blue Trust Inc. boosted its holdings in American Assets Trust by 5,717.7% in the first quarter. Blue Trust Inc. now owns 3,607 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 3,545 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec boosted its holdings in 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 worth $79,000 after acquiring an additional 893 shares in the last quarter. Institutional investors and hedge funds own 90.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on AAT. Morgan Stanley boosted their price objective on American Assets Trust from $18.00 to $24.00 and gave the company an “underweight” rating in a report on Wednesday, July 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of American Assets Trust in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $21.50.

American Assets Trust Trading Up 0.1%

NYSE:AAT opened at $22.44 on Thursday. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.46 and a quick ratio of 2.46. The firm has a 50-day moving average of $23.88 and a 200-day moving average of $21.87. The company has a market cap of $1.38 billion, a PE ratio of 77.39 and a beta of 0.95. 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 posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $109.48 million during the quarter, compared to analyst estimates of $110.64 million. American Assets Trust has set its FY 2026 guidance at 2.030-2.030 EPS. As a group, equities research analysts expect that American Assets Trust, Inc. will post 2.03 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

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