American Assets Trust, Inc. $AAT Shares Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. increased its holdings in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 152.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 163,827 shares of the real estate investment trust's stock after acquiring an additional 98,986 shares during the quarter. Raymond James Financial Inc. owned approximately 0.27% of American Assets Trust worth $3,299,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. American Century Companies Inc. grew its position in shares of American Assets Trust by 71.8% in the first quarter. American Century Companies Inc. now owns 25,100 shares of the real estate investment trust's stock valued at $506,000 after purchasing an additional 10,488 shares in the last quarter. Russell Investments Group Ltd. raised its position in American Assets Trust by 16.2% during the 1st quarter. Russell Investments Group Ltd. now owns 10,844 shares of the real estate investment trust's stock valued at $218,000 after purchasing an additional 1,510 shares during the last quarter. Resona Asset Management Co. Ltd. grew its holdings in shares of American Assets Trust by 9.6% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 20,506 shares of the real estate investment trust's stock worth $411,000 after acquiring an additional 1,803 shares during the period. HighTower Advisors LLC purchased a new position in shares of American Assets Trust during the 1st quarter worth approximately $458,000. Finally, Public Sector Pension Investment Board grew its holdings in shares of American Assets Trust by 26.6% during the 1st quarter. Public Sector Pension Investment Board now owns 149,733 shares of the real estate investment trust's stock worth $3,016,000 after acquiring an additional 31,418 shares during the period. 90.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AAT has been the topic of several recent analyst reports. Wall Street Zen downgraded American Assets Trust from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Mizuho cut their target price on American Assets Trust from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 20th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, American Assets Trust presently has a consensus rating of "Hold" and a consensus target price of $20.50.

American Assets Trust Trading Up 2.3%

AAT stock traded up $0.48 during midday trading on Thursday, reaching $20.85. 83,715 shares of the company traded hands, compared to its average volume of 409,565. American Assets Trust, Inc. has a 52-week low of $16.69 and a 52-week high of $29.15. The business has a 50 day moving average of $20.08 and a 200-day moving average of $19.92. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 17.97 and a beta of 1.24. The company has a debt-to-equity ratio of 1.50, a quick ratio of 3.55 and a current ratio of 3.55.

American Assets Trust (NYSE:AAT - Get Free Report) last posted its quarterly 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 firm had revenue of $107.93 million during the quarter, compared to the consensus estimate of $107.75 million. American Assets Trust has set its FY 2025 guidance at 1.890-2.010 EPS. As a group, sell-side 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a $0.34 dividend. 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 6.5%. American Assets Trust's payout ratio is 117.24%.

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.