Raymond James Financial Inc. Grows Holdings in American Assets Trust, Inc. $AAT

Raymond James Financial Inc. boosted its stake in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 152.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 163,827 shares of the real estate investment trust's stock after acquiring an additional 98,986 shares during the period. Raymond James Financial Inc. owned 0.27% of American Assets Trust worth $3,299,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in American Assets Trust in the fourth quarter worth about $63,000. State of Wyoming bought a new stake in American Assets Trust in the fourth quarter worth about $101,000. US Bancorp DE raised its position in 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 worth $210,000 after acquiring an additional 9,425 shares during the period. Retirement Planning Co of New England Inc. raised its position 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 worth $213,000 after acquiring an additional 1,830 shares during the period. Finally, Russell Investments Group Ltd. raised its position in American Assets Trust by 16.2% in the first quarter. Russell Investments Group Ltd. now owns 10,844 shares of the real estate investment trust's stock worth $218,000 after acquiring an additional 1,510 shares during the period. Institutional investors own 90.41% of the company's stock.

Analysts Set New Price Targets

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

American Assets Trust Price Performance

NYSE:AAT traded down $0.09 during mid-day trading on Friday, hitting $20.79. 208,557 shares of the stock traded hands, compared to its average volume of 302,313. The business's 50-day moving average price is $20.10 and its 200 day moving average price is $19.90. The company has a market cap of $1.27 billion, a PE ratio of 17.93 and a beta of 1.24. American Assets Trust, Inc. has a 12-month low of $16.69 and a 12-month high of $29.15. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.50.

American Assets Trust (NYSE:AAT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $107.93 million during the quarter, compared to analysts' expectations 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 EPS for the current fiscal year.

American Assets Trust Announces Dividend

The company 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 dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.36 annualized dividend and a yield of 6.5%. American Assets Trust's payout ratio is currently 117.24%.

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.