JPMorgan Chase & Co. Has $28.50 Million Stock Holdings in American Assets Trust, Inc. $AAT

JPMorgan Chase & Co. grew its position in American Assets Trust, Inc. (NYSE:AAT) by 189.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,402,665 shares of the real estate investment trust’s stock after acquiring an additional 918,635 shares during the period. JPMorgan Chase & Co.’s holdings in American Assets Trust were worth $28,502,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in American Assets Trust by 5.5% in the second quarter. Geode Capital Management LLC now owns 1,391,478 shares of the real estate investment trust’s stock valued at $27,484,000 after acquiring an additional 72,458 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of American Assets Trust by 4.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,253,217 shares of the real estate investment trust’s stock valued at $24,751,000 after purchasing an additional 53,070 shares during the period. Ameriprise Financial Inc. increased its stake in American Assets Trust by 4.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,234,013 shares of the real estate investment trust’s stock worth $22,696,000 after purchasing an additional 56,553 shares in the last quarter. Senvest Management LLC acquired a new stake in American Assets Trust during the 2nd quarter worth approximately $14,184,000. Finally, Allianz Asset Management GmbH lifted its stake in American Assets Trust by 10.5% in the third quarter. Allianz Asset Management GmbH now owns 653,299 shares of the real estate investment trust’s stock valued at $13,275,000 after buying an additional 62,340 shares in the last quarter. Institutional investors and hedge funds own 90.41% of the company’s stock.

American Assets Trust Stock Down 2.6%

AAT stock opened at $19.54 on Friday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 21.47 and a beta of 0.98. American Assets Trust, Inc. has a twelve month low of $16.69 and a twelve month high of $22.79. The business has a 50 day moving average price of $18.67 and a two-hundred day moving average price of $19.38. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 1.56.

American Assets Trust (NYSE:AAT) last released its quarterly earnings data on Tuesday, February 3rd. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.43). American Assets Trust had a net margin of 12.76% and a return on equity of 4.96%. The company had revenue of $110.09 million during the quarter, compared to analyst estimates of $108.70 million. American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. Analysts anticipate that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 5th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 7.0%. The ex-dividend date is Thursday, March 5th. American Assets Trust’s dividend payout ratio (DPR) is 149.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Morgan Stanley lowered shares of American Assets Trust from an “equal weight” rating to an “underweight” rating and set a $17.00 price objective on the stock. in a report on Friday, January 16th. Wall Street Zen raised American Assets Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Assets Trust in a research report on Wednesday, January 21st. Finally, Mizuho set a $19.00 target price on American Assets Trust in a research report on Friday, January 9th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, American Assets Trust currently 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.