824,396 Shares in American Assets Trust, Inc. $AAT Purchased by Nuveen LLC

Key Points

• Nuveen LLC acquired 824,396 shares of American Assets Trust, Inc. for about $16.6 million, representing a 1.35% stake in the company after the first quarter.
• The company reported a quarterly earnings per share (EPS) of $0.52, surpassing analysts' expectations, and has a fiscal year 2025 EPS guidance set between $1.890 and $2.010.
• American Assets Trust recently declared a quarterly dividend of $0.34 per share, with a yield of 6.9% and a payout ratio of 117.24%.

Nuveen LLC acquired a new position in American Assets Trust, Inc. (NYSE:AAT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 824,396 shares of the real estate investment trust's stock, valued at approximately $16,603,000. Nuveen LLC owned 1.35% of American Assets Trust at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AAT. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of American Assets Trust in the fourth quarter worth $63,000. State of Wyoming bought a new stake in American Assets Trust during the fourth quarter valued at about $101,000. US Bancorp DE grew its holdings in 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 during the period. Retirement Planning Co of New England Inc. grew its holdings in 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 during the period. Finally, Robeco Institutional Asset Management B.V. bought a new stake in American Assets Trust during the first quarter valued at about $265,000. Institutional investors own 90.41% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AAT. Wall Street Zen lowered American Assets Trust from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Mizuho cut their price target on American Assets Trust from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Wednesday, August 20th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, American Assets Trust has a consensus rating of "Hold" and a consensus price target of $20.50.

American Assets Trust Price Performance

Shares of NYSE AAT traded down $0.11 during mid-day trading on Tuesday, reaching $20.30. The company's stock had a trading volume of 348,320 shares, compared to its average volume of 401,774. The firm has a market capitalization of $1.24 billion, a PE ratio of 17.50 and a beta of 1.17. The company has a debt-to-equity ratio of 1.50, a current ratio of 3.55 and a quick ratio of 3.55. The stock has a fifty day moving average of $19.92 and a two-hundred day moving average of $20.02. American Assets Trust, Inc. has a 52 week low of $16.69 and a 52 week high of $29.15.

American Assets Trust (NYSE:AAT - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The firm had revenue of $107.93 million for the quarter, compared to analysts' expectations 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. As a group, sell-side analysts anticipate that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a dividend of $0.34 per share. The ex-dividend date is Thursday, September 4th. This represents a $1.36 annualized dividend and a dividend yield of 6.7%. 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.