American Assets Trust, Inc. $AAT Shares Acquired by Legal & General Group Plc

Legal & General Group Plc raised its position in shares of American Assets Trust, Inc. (NYSE:AAT) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 379,363 shares of the real estate investment trust’s stock after acquiring an additional 36,966 shares during the quarter. Legal & General Group Plc owned approximately 0.62% of American Assets Trust worth $7,181,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in shares of American Assets Trust by 34.3% during the third quarter. EverSource Wealth Advisors LLC now owns 2,289 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 585 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of American Assets Trust by 56.2% in the third quarter. Hantz Financial Services Inc. now owns 1,795 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 646 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of American Assets Trust by 95.2% in the third quarter. Smartleaf Asset Management LLC now owns 1,427 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 696 shares in the last quarter. Van ECK Associates Corp grew its position in shares of American Assets Trust by 5.3% in the third quarter. Van ECK Associates Corp now owns 14,831 shares of the real estate investment trust’s stock valued at $301,000 after purchasing an additional 745 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in shares of American Assets Trust by 3.6% in the fourth quarter. HighTower Advisors LLC now owns 21,560 shares of the real estate investment trust’s stock valued at $408,000 after purchasing an additional 749 shares in the last quarter. Institutional investors and hedge funds own 90.41% of the company’s stock.

Analysts Set New Price Targets

AAT has been the subject of a number of analyst reports. Weiss Ratings upgraded American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Wall Street Zen upgraded American Assets Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Morgan Stanley upped their price target on American Assets Trust from $17.00 to $18.00 and gave the company an “underweight” rating in a research report on Thursday, March 26th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $18.50.

American Assets Trust Trading Down 1.0%

Shares of American Assets Trust stock opened at $23.62 on Friday. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 81.46 and a beta of 0.98. American Assets Trust, Inc. has a fifty-two week low of $17.72 and a fifty-two week high of $24.11. The company has a debt-to-equity ratio of 1.58, a quick ratio of 3.04 and a current ratio of 3.04. The stock has a 50 day moving average of $20.86 and a 200 day moving average of $19.56.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03). The business had revenue of $110.59 million during the quarter, compared to analysts’ expectations of $109.78 million. American Assets Trust had a return on equity of 1.65% and a net margin of 4.16%.American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. As a group, research analysts predict that American Assets Trust, Inc. will post 2.03 earnings per share for the current year.

American Assets Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 5.8%. The ex-dividend date is Thursday, June 4th. American Assets Trust’s dividend payout ratio is presently 468.97%.

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.