Bank of New York Mellon Corp purchased a new stake in American Assets Trust, Inc. (NYSE:AAT - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 452,076 shares of the real estate investment trust's stock, valued at approximately $11,162,000. Bank of New York Mellon Corp owned 0.74% of American Assets Trust as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada grew its position in shares of American Assets Trust by 38.7% during the 1st quarter. Royal Bank of Canada now owns 33,674 shares of the real estate investment trust's stock worth $678,000 after purchasing an additional 9,393 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in American Assets Trust by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,490 shares of the real estate investment trust's stock worth $574,000 after buying an additional 1,240 shares in the last quarter. Jane Street Group LLC grew its position in American Assets Trust by 534.0% during the first quarter. Jane Street Group LLC now owns 158,297 shares of the real estate investment trust's stock worth $3,188,000 after buying an additional 133,329 shares in the last quarter. Strs Ohio bought a new position in American Assets Trust during the 1st quarter worth $175,000. Finally, Creative Planning bought a new position in American Assets Trust during the 2nd quarter worth $253,000. 90.41% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
AAT has been the topic of several analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of American Assets Trust in a research report on Tuesday, August 18th. Morgan Stanley boosted their price objective on shares of American Assets Trust from $18.00 to $24.00 and gave the company an "underweight" rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $21.50.
Check Out Our Latest Stock Analysis on American Assets Trust
American Assets Trust Price Performance
Shares of NYSE AAT opened at $22.44 on Thursday. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 1.61. The firm has a fifty day simple moving average of $23.88 and a 200 day simple moving average of $21.87. American Assets Trust, Inc. has a twelve month low of $17.72 and a twelve month high of $25.97. The company has a market capitalization of $1.38 billion, a PE ratio of 77.39 and a beta of 0.95.
American Assets Trust (NYSE:AAT - Get Free Report) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $109.48 million for the quarter, compared to analyst estimates 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. On average, sell-side analysts forecast that American Assets Trust, Inc. will post 2.03 EPS for the current 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 given a dividend of $0.34 per share. 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 (DPR) is 468.97%.
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.
See Also
Want to see what other hedge funds are holding AAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Assets Trust, Inc. (NYSE:AAT - Free Report).
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