American Assets Trust, Inc. $AAT Shares Bought by Public Sector Pension Investment Board

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 boosted its holdings in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 26.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 149,733 shares of the real estate investment trust's stock after buying an additional 31,418 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.24% of American Assets Trust worth $3,016,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AAT. Wells Fargo & Company MN grew its holdings in shares of American Assets Trust by 17.0% during the fourth quarter. Wells Fargo & Company MN now owns 33,607 shares of the real estate investment trust's stock worth $883,000 after purchasing an additional 4,878 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of American Assets Trust during the fourth quarter worth about $1,703,000. Barclays PLC boosted its stake in shares of American Assets Trust by 8.6% during the fourth quarter. Barclays PLC now owns 119,678 shares of the real estate investment trust's stock worth $3,142,000 after buying an additional 9,458 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in shares of American Assets Trust by 3.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 130,480 shares of the real estate investment trust's stock worth $3,423,000 after buying an additional 4,349 shares during the period. Finally, MetLife Investment Management LLC boosted its stake 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 buying an additional 1,700 shares during the period. Hedge funds and other institutional investors own 90.41% of the company's stock.

American Assets Trust Stock Performance

NYSE:AAT traded up $0.7180 during mid-day trading on Friday, reaching $20.5180. The stock had a trading volume of 623,978 shares, compared to its average volume of 382,343. The company has a debt-to-equity ratio of 1.50, a quick ratio of 3.55 and a current ratio of 3.55. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 17.69 and a beta of 1.17. American Assets Trust, Inc. has a twelve month low of $16.69 and a twelve month high of $29.15. The business has a 50 day simple moving average of $19.93 and a 200 day simple moving average of $20.06.

American Assets Trust (NYSE:AAT - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $107.93 million during 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, analysts expect that American Assets Trust, Inc. will post 1.94 earnings per share 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 given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Thursday, September 4th. American Assets Trust's dividend payout ratio (DPR) is presently 117.24%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AAT shares. Mizuho decreased their target price on shares of American Assets Trust from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Wednesday. 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. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, American Assets Trust presently has an average rating of "Hold" and an average price target 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.