Public Sector Pension Investment Board Has $3.02 Million Stock Position in American Assets Trust, Inc. $AAT

Key Points

• The Public Sector Pension Investment Board increased its stake in American Assets Trust by 26.6%, owning 149,733 shares valued at approximately $3.02 million after adding 31,418 shares in the first quarter.
• American Assets Trust reported earnings per share (EPS) of $0.52 for the last quarter, exceeding analyst expectations of $0.49, with revenue of $107.93 million.
• The company announced a quarterly dividend of $0.34 per share, with a dividend yield of 6.8%, scheduled to be paid on September 18th to investors of record by September 4th.

Public Sector Pension Investment Board lifted its stake in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 26.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 149,733 shares of the real estate investment trust's stock after acquiring an additional 31,418 shares during the quarter. Public Sector Pension Investment Board owned 0.24% of American Assets Trust worth $3,016,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Natixis Advisors LLC increased its position in shares of American Assets Trust by 4.7% during the first quarter. Natixis Advisors LLC now owns 13,796 shares of the real estate investment trust's stock worth $278,000 after acquiring an additional 618 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of American Assets Trust by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,250 shares of the real estate investment trust's stock worth $716,000 after acquiring an additional 971 shares during the period. MetLife Investment Management LLC increased its position in shares of American Assets Trust by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 30,503 shares of the real estate investment trust's stock worth $801,000 after acquiring an additional 1,700 shares during the period. Tudor Investment Corp ET AL increased its position in shares of American Assets Trust by 2.4% during the fourth quarter. Tudor Investment Corp ET AL now owns 72,398 shares of the real estate investment trust's stock worth $1,901,000 after acquiring an additional 1,703 shares during the period. Finally, Retirement Planning Co of New England Inc. increased its holdings in 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 buying an additional 1,830 shares during the last quarter. Hedge funds and other institutional investors own 90.41% of the company's stock.

American Assets Trust Trading Down 0.6%

Shares of AAT traded down $0.1270 during mid-day trading on Monday, reaching $20.3730. The company had a trading volume of 265,459 shares, compared to its average volume of 400,507. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 17.56 and a beta of 1.17. The firm has a fifty day simple moving average of $19.93 and a 200-day simple moving average of $20.01. American Assets Trust, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $29.15. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.50.

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 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. American Assets Trust had a net margin of 16.26% and a return on equity of 6.47%. The business had revenue of $107.93 million for the quarter, compared to analyst estimates of $107.75 million. American Assets Trust has set its FY 2025 guidance at 1.890-2.010 EPS. On average, sell-side analysts anticipate that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Announces Dividend

The business also recently declared 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. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Thursday, September 4th. American Assets Trust's dividend payout ratio is currently 117.24%.

Wall Street Analyst Weigh In

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

About American Assets Trust

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.