BlackRock Inc. acquired a new position in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,162,398 shares of the real estate investment trust's stock, valued at approximately $226,220,000. BlackRock Inc. owned approximately 14.92% of American Assets Trust at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Royal Bank of Canada boosted its holdings in American Assets Trust by 38.7% in the 1st quarter. Royal Bank of Canada now owns 33,674 shares of the real estate investment trust's stock worth $678,000 after acquiring an additional 9,393 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 valued at $574,000 after purchasing an additional 1,240 shares during the period. Jane Street Group LLC lifted its position in shares of 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 purchasing an additional 133,329 shares in the last quarter. Strs Ohio purchased a new position in shares of American Assets Trust in the first quarter valued at $175,000. Finally, Creative Planning purchased a new position in shares of American Assets Trust in the second quarter valued at $253,000. Hedge funds and other institutional investors own 90.41% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of 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 restated a "hold (c)" rating on shares of American Assets Trust in a research note on Tuesday, August 18th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, American Assets Trust currently has a consensus rating of "Reduce" and a consensus target price of $21.50.
Get Our Latest Research Report on AAT
American Assets Trust Trading Down 0.9%
NYSE AAT opened at $22.53 on Friday. The firm has a market capitalization of $1.38 billion, a PE ratio of 77.69 and a beta of 0.96. The company has a 50-day simple moving average of $24.03 and a 200-day simple moving average of $21.77. American Assets Trust, Inc. has a one year low of $17.72 and a one year high of $25.97. The company has a debt-to-equity ratio of 1.61, a quick ratio of 2.46 and a current ratio of 2.46.
American Assets Trust (NYSE:AAT - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). American Assets Trust had a return on equity of 1.66% and a net margin of 4.09%.The firm had revenue of $109.48 million during 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, equities analysts forecast that American Assets Trust, Inc. will post 2.03 earnings per share for the current year.
American Assets Trust Dividend Announcement
The firm 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 $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Thursday, September 3rd. American Assets Trust's dividend payout ratio is currently 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.
Further Reading
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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