American Assets Trust, Inc. $AAT Shares Newly Bought by Bank of America Corp DE

Key Points

• Bank of America acquired 168,653 shares of American Assets Trust in the second quarter, valued at approximately $4.16 million. Institutional investors collectively own 90.41% of the REIT.
• Analysts maintain a cautious outlook, with an average “Reduce” rating and a consensus price target of $21.50; Morgan Stanley raised its target to $24 but kept an “underweight” rating.
• American Assets Trust reported quarterly EPS of $0.09, below the $0.10 consensus estimate, while paying a $0.34 quarterly dividend that implies a 6.3% yield.

Bank of America Corp DE acquired a new position in American Assets Trust, Inc. (NYSE:AAT - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 168,653 shares of the real estate investment trust's stock, valued at approximately $4,164,000. Bank of America Corp DE owned 0.27% of American Assets Trust as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of American Assets Trust in the 2nd quarter worth approximately $226,220,000. Senvest Management LLC increased its stake in shares of American Assets Trust by 22.1% during the first quarter. Senvest Management LLC now owns 3,577,054 shares of the real estate investment trust's stock valued at $65,854,000 after acquiring an additional 647,618 shares during the period. Bank of New York Mellon Corp bought a new stake in American Assets Trust during the second quarter worth approximately $11,162,000. Kennedy Capital Management LLC raised its holdings in American Assets Trust by 17.6% during the fourth quarter. Kennedy Capital Management LLC now owns 554,930 shares of the real estate investment trust's stock worth $10,505,000 after purchasing an additional 83,094 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in American Assets Trust by 2.7% in the first quarter. First Trust Advisors LP now owns 410,598 shares of the real estate investment trust's stock worth $7,559,000 after purchasing an additional 10,880 shares during the period. Institutional investors own 90.41% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AAT shares. Morgan Stanley lifted their price target on American Assets Trust from $18.00 to $24.00 and gave the company an "underweight" rating in a research report on Wednesday, July 22nd. Weiss Ratings restated a "hold (c)" rating on shares of American Assets Trust in a report on Tuesday, August 18th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $21.50.

American Assets Trust Trading Up 0.1%

Shares of NYSE:AAT opened at $21.60 on Tuesday. 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 stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 74.48 and a beta of 0.95. American Assets Trust, Inc. has a 1-year low of $17.72 and a 1-year high of $25.97. The company has a 50 day moving average price of $22.66 and a 200 day moving average price of $22.19.

American Assets Trust (NYSE:AAT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). American Assets Trust had a net margin of 4.09% and a return on equity of 1.66%. The company had revenue of $109.48 million for 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. On average, research analysts anticipate that American Assets Trust, Inc. will post 2.04 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 6.3%. The ex-dividend date was Thursday, September 3rd. American Assets Trust's payout ratio is presently 468.97%.

American Assets Trust Company Profile

American Assets Trust, Inc is a self-administered and self-managed real estate investment trust that owns, manages and operates a portfolio of office, retail and multifamily properties. The company focuses on high-quality assets in coastal markets and seeks to create value through property operations, leasing, redevelopment and strategic acquisitions.

American Assets Trust's properties are concentrated in Southern California, Northern California and Hawaii. Its portfolio has included office properties serving business tenants, retail centers anchored by a range of shopping and service providers, and multifamily communities offering rental housing.

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