Man Group plc Takes $4.29 Million Position in American Assets Trust, Inc. $AAT

Key Points

• Man Group plc acquired 173,746 shares of American Assets Trust during the second quarter, valued at approximately $4.29 million and representing about 0.28% of the REIT. Institutional investors collectively own 90.41% of the company.
• American Assets Trust reported quarterly revenue of $109.48 million and earnings per share of $0.09, slightly below analyst expectations. Analysts expect full-year EPS of $2.03, while the stock recently traded at $22.48.
• The company declared a quarterly dividend of $0.34, or $1.36 annually, equating to a 6.0% yield; however, its payout ratio is an elevated 468.97%. Analysts maintain a consensus “Reduce” rating with a $21.50 price target.

Man Group plc bought a new stake in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 173,746 shares of the real estate investment trust's stock, valued at approximately $4,290,000. Man Group plc owned approximately 0.28% of American Assets Trust as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. BROOKFIELD Corp ON grew its position in shares of American Assets Trust by 63.3% during the first quarter. BROOKFIELD Corp ON now owns 1,602 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 621 shares in the last quarter. Van ECK Associates Corp grew its holdings in American Assets Trust by 5.3% during the 3rd quarter. Van ECK Associates Corp now owns 14,831 shares of the real estate investment trust's stock valued at $301,000 after buying an additional 745 shares in the last quarter. HighTower Advisors LLC increased its stake in American Assets Trust by 3.6% in the 4th quarter. HighTower Advisors LLC now owns 21,560 shares of the real estate investment trust's stock worth $408,000 after acquiring an additional 749 shares during the last quarter. Resona Asset Management Co. Ltd. raised its holdings in shares of American Assets Trust by 4.0% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 20,997 shares of the real estate investment trust's stock worth $386,000 after acquiring an additional 807 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of American Assets Trust by 16.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,758 shares of the real estate investment trust's stock valued at $109,000 after acquiring an additional 833 shares during the last quarter. 90.41% of the stock is currently owned by institutional investors.

American Assets Trust Stock Performance

Shares of NYSE AAT opened at $22.48 on Monday. American Assets Trust, Inc. has a 1 year low of $17.72 and a 1 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. The company has a market capitalization of $1.38 billion, a PE ratio of 77.52 and a beta of 0.96. The company's fifty day moving average price is $24.00 and its 200 day moving average price is $21.79.

American Assets Trust (NYSE:AAT - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate 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 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 predict that American Assets Trust, Inc. will post 2.03 earnings per share for the current year.

American Assets Trust Dividend Announcement

The business also recently declared 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. The ex-dividend date is Thursday, September 3rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.0%. American Assets Trust's dividend payout ratio is 468.97%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AAT shares. Weiss Ratings reissued a "hold (c)" rating on shares of American Assets Trust in a report on Tuesday, August 18th. Morgan Stanley increased their price target on American Assets Trust from $18.00 to $24.00 and gave the stock an "underweight" rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $21.50.

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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