Public Employees Retirement System of Ohio Makes New Investment in American Assets Trust, Inc. $AAT

Public Employees Retirement System of Ohio purchased a new position in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 56,918 shares of the real estate investment trust's stock, valued at approximately $1,405,000. Public Employees Retirement System of Ohio owned about 0.09% of American Assets Trust as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AAT. BlackRock Inc. acquired a new stake in shares of American Assets Trust in the 2nd quarter valued at $226,220,000. Vanguard Group Inc. increased its position in American Assets Trust by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 7,677,140 shares of the real estate investment trust's stock worth $145,328,000 after buying an additional 132,887 shares during the last quarter. Senvest Management LLC increased its position in American Assets Trust by 22.1% during the first quarter. Senvest Management LLC now owns 3,577,054 shares of the real estate investment trust's stock worth $65,854,000 after buying an additional 647,618 shares during the last quarter. LSV Asset Management raised its holdings in American Assets Trust by 0.9% during the fourth quarter. LSV Asset Management now owns 1,845,156 shares of the real estate investment trust's stock valued at $34,929,000 after buying an additional 16,360 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in American Assets Trust by 4.8% during the second quarter. Ameriprise Financial Inc. now owns 1,234,013 shares of the real estate investment trust's stock valued at $22,696,000 after buying an additional 56,553 shares in the last quarter. Institutional investors own 90.41% of the company's stock.

American Assets Trust Stock Performance

Shares of NYSE AAT opened at $22.06 on Tuesday. American Assets Trust, Inc. has a 12 month low of $17.72 and a 12 month high of $25.97. The company has a market cap of $1.35 billion, a P/E ratio of 76.07 and a beta of 0.95. The business's 50 day moving average is $23.71 and its two-hundred day moving average is $21.95. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 1.61.

American Assets Trust (NYSE:AAT - Get Free Report) last posted its quarterly earnings data 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). The business had revenue of $109.48 million during the quarter, compared to the consensus estimate 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 expect that American Assets Trust, Inc. will post 2.03 EPS 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. Shareholders of record on Thursday, September 3rd will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $1.36 dividend on an annualized basis and a yield of 6.2%. American Assets Trust's dividend payout ratio is 468.97%.

Analysts Set New Price Targets

AAT has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on American Assets Trust from $18.00 to $24.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 22nd. Weiss Ratings reissued a "hold (c)" rating on shares of American Assets Trust in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average 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.

Want to see what other hedge funds are holding AAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Assets Trust, Inc. (NYSE:AAT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.