Nuveen LLC Takes Position in American Assets Trust, Inc. $AAT

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 bought a new stake in American Assets Trust, Inc. (NYSE:AAT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of American Assets Trust in the fourth quarter valued at $63,000. State of Wyoming purchased a new stake in shares of American Assets Trust in the fourth quarter valued at $101,000. US Bancorp DE raised its stake in shares of American Assets Trust by 952.0% in the first quarter. US Bancorp DE now owns 10,415 shares of the real estate investment trust's stock valued at $210,000 after acquiring an additional 9,425 shares during the period. Retirement Planning Co of New England Inc. raised its stake in shares of American Assets Trust by 20.9% in 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 acquiring an additional 1,830 shares during the period. Finally, Alpine Global Management LLC purchased a new stake in shares of American Assets Trust in the fourth quarter valued at $292,000. Hedge funds and other institutional investors own 90.41% of the company's stock.

American Assets Trust Trading Down 1.0%

AAT stock opened at $19.7290 on Thursday. 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 company has a market capitalization of $1.21 billion, a PE ratio of 17.01 and a beta of 1.17. The firm's 50-day moving average is $19.94 and its 200 day moving average is $20.12. American Assets Trust, Inc. has a 12 month low of $16.69 and a 12 month high of $29.15.

American Assets Trust (NYSE:AAT - Get Free Report) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.03. The business had revenue of $107.93 million for the quarter, compared to the consensus estimate 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, research analysts anticipate that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.36 dividend on an annualized basis and a yield of 6.9%. American Assets Trust's dividend payout ratio (DPR) is 117.24%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wall Street Zen downgraded shares of American Assets Trust from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Mizuho reduced their price target on shares of American Assets Trust from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Morgan Stanley reduced their price target on shares of American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $20.50.

American Assets Trust 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.

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