Deutsche Bank AG bought a new position in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 64,254 shares of the real estate investment trust's stock, valued at approximately $1,586,000. Deutsche Bank AG owned 0.10% of American Assets Trust at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in American Assets Trust during the second quarter worth about $1,002,000. Bank of New York Mellon Corp bought a new position in American Assets Trust in the 2nd quarter valued at about $11,162,000. One Wealth Advisors LLC bought a new position in American Assets Trust in the 2nd quarter valued at about $432,000. Summit Global Investments acquired a new position in shares of American Assets Trust in the 2nd quarter valued at approximately $968,000. Finally, Amundi raised its position in shares of American Assets Trust by 7.6% in the 1st quarter. Amundi now owns 34,617 shares of the real estate investment trust's stock valued at $637,000 after buying an additional 2,455 shares in the last quarter. 90.41% of the stock is currently owned by institutional investors and hedge funds.
American Assets Trust Stock Down 0.1%
Shares of NYSE AAT opened at $22.48 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 2.46 and a current ratio of 2.46. The company has a market capitalization of $1.38 billion, a P/E ratio of 77.52 and a beta of 0.96. The company's 50 day moving average price is $24.00 and its 200-day moving average price is $21.77. American Assets Trust, Inc. has a 52-week low of $17.72 and a 52-week high of $25.97.
American Assets Trust (NYSE:AAT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $109.48 million during the quarter, compared to the consensus estimate of $110.64 million. American Assets Trust had a return on equity of 1.66% and a net margin of 4.09%.American Assets Trust has set its FY 2026 guidance at 2.030-2.030 EPS. Equities analysts forecast that American Assets Trust, Inc. will post 2.03 earnings per share for the current year.
American Assets Trust Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Thursday, September 3rd. American Assets Trust's dividend payout ratio is 468.97%.
Analysts Set New Price Targets
AAT has been the subject of several recent analyst reports. Morgan Stanley upped their target price on American Assets Trust from $18.00 to $24.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 22nd. Weiss Ratings reissued a "hold (c)" rating on shares of American Assets Trust in a report on Tuesday, August 18th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus target price of $21.50.
Get Our Latest Research Report on AAT
About American Assets Trust
(
Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider American Assets Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Assets Trust wasn't on the list.
While American Assets Trust currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
A strong long-term portfolio starts with companies that can survive recessions, inflation, changing consumer habits, and shifting market leadership.
This report names seven blue-chip stocks across technology, retail, consumer staples, healthcare, networking, sporting goods, and utilities that offer investors a mix of stability, income, growth, and staying power.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
