Hsbc Holdings PLC Grows Stock Holdings in American Assets Trust, Inc. $AAT

Key Points

• HSBC Holdings increased its American Assets Trust stake by 80.6% in the second quarter, bringing its holdings to 173,034 shares valued at approximately $4.28 million. Institutional investors collectively own 90.41% of AAT.
• Analysts maintain a cautious outlook, with ratings of “Hold” and “Sell,” an average rating of “Reduce,” and an average price target of $21.50. AAT recently traded at $21.41 after reporting quarterly EPS of $0.09, below the $0.10 consensus estimate.
• American Assets Trust declared a quarterly dividend of $0.34 per share, equivalent to $1.36 annually and a 6.4% yield. Its dividend payout ratio is notably high at 468.97%.

Hsbc Holdings PLC increased its stake in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 80.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 173,034 shares of the real estate investment trust's stock after purchasing an additional 77,216 shares during the quarter. Hsbc Holdings PLC owned 0.28% of American Assets Trust worth $4,278,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of American Assets Trust in the second quarter worth about $226,220,000. Senvest Management LLC raised its position in shares of American Assets Trust by 62.4% during the 4th quarter. Senvest Management LLC now owns 2,929,436 shares of the real estate investment trust's stock valued at $55,454,000 after buying an additional 1,125,474 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of American Assets Trust during the 2nd quarter valued at about $11,162,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of American Assets Trust in the 4th quarter valued at about $7,124,000. Finally, Citadel Advisors LLC lifted its holdings in shares of American Assets Trust by 306.7% in the 3rd quarter. Citadel Advisors LLC now owns 493,832 shares of the real estate investment trust's stock valued at $10,035,000 after acquiring an additional 372,397 shares during the last quarter. Institutional investors own 90.41% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on AAT shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of American Assets Trust in a research note on Tuesday, August 18th. Morgan Stanley increased their target price on shares of American Assets Trust from $18.00 to $24.00 and gave the company an "underweight" rating in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Reduce" and an average target price of $21.50.

American Assets Trust Stock Down 0.8%

NYSE:AAT opened at $21.41 on Friday. The company's 50-day simple moving average is $23.50 and its 200-day simple moving average is $22.00. 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, Inc. has a fifty-two week low of $17.72 and a fifty-two week high of $25.97. The stock has a market capitalization of $1.31 billion, a P/E ratio of 73.83 and a beta of 0.95.

American Assets Trust (NYSE:AAT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). The company had revenue of $109.48 million for the quarter, compared to analyst estimates of $110.64 million. American Assets Trust had a net margin of 4.09% and a return on equity of 1.66%. American Assets Trust has set its FY 2026 guidance at 2.030-2.030 EPS. On average, equities analysts anticipate that American Assets Trust, Inc. will post 2.03 earnings per share for the current fiscal year.

American Assets Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Thursday, September 3rd. 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.

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