Invesco Ltd. Boosts Stock Holdings in American Assets Trust, Inc. $AAT

Key Points

• Invesco Ltd. increased its holdings in American Assets Trust, Inc. by 39.6%, owning approximately 335,102 shares valued at $6.7 million.
• Analysts have downgraded American Assets Trust from a "buy" rating to a "hold" rating, with a consensus price target of $20.50.
• The company declared a quarterly dividend of $0.34, representing an annualized yield of 6.7% with a current payout ratio of 117.24%.

Invesco Ltd. raised its holdings in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 39.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 335,102 shares of the real estate investment trust's stock after buying an additional 95,130 shares during the period. Invesco Ltd. owned about 0.55% of American Assets Trust worth $6,749,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of American Assets Trust in the fourth quarter valued at $63,000. State of Wyoming bought a new position in shares of American Assets Trust during the fourth quarter valued at about $101,000. US Bancorp DE lifted its position in shares of American Assets Trust by 952.0% during the first quarter. US Bancorp DE now owns 10,415 shares of the real estate investment trust's stock valued at $210,000 after purchasing an additional 9,425 shares in the last quarter. Retirement Planning Co of New England Inc. lifted its position in shares of American Assets Trust by 20.9% during the first quarter. Retirement Planning Co of New England Inc. now owns 10,600 shares of the real estate investment trust's stock valued at $213,000 after purchasing an additional 1,830 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new position in shares of American Assets Trust during the first quarter valued at about $265,000. 90.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AAT shares. Wall Street Zen lowered shares of American Assets Trust from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Mizuho dropped their price target on American Assets Trust from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Wednesday, August 20th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $20.50.

American Assets Trust Stock Performance

AAT stock traded up $0.01 during mid-day trading on Friday, hitting $20.88. The company had a trading volume of 300,458 shares, compared to its average volume of 368,112. The firm has a market cap of $1.28 billion, a PE ratio of 18.00 and a beta of 1.17. The company has a debt-to-equity ratio of 1.50, a quick ratio of 3.55 and a current ratio of 3.55. American Assets Trust, Inc. has a 12 month low of $16.69 and a 12 month high of $29.15. The stock's fifty day moving average price is $19.95 and its two-hundred day moving average price is $19.98.

American Assets Trust (NYSE:AAT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The business had revenue of $107.93 million for the quarter, compared to analyst estimates of $107.75 million. American Assets Trust had a net margin of 16.26% and a return on equity of 6.47%. American Assets Trust has set its FY 2025 guidance at 1.890-2.010 EPS. On average, analysts forecast that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a $0.34 dividend. The ex-dividend date is Thursday, September 4th. This represents a $1.36 annualized dividend and a dividend yield of 6.5%. American Assets Trust's dividend payout ratio (DPR) is presently 117.24%.

American Assets Trust Company Profile

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii.