State of New Jersey Common Pension Fund D Trims Stock Position in American Assets Trust, Inc. $AAT

Key Points

• The State of New Jersey Common Pension Fund D has reduced its stake in American Assets Trust by 9.4%, holding 144,735 shares valued at approximately $2.9 million.
• Multiple institutional investors, including US Bancorp DE and Retirement Planning Co of New England, have increased their positions in American Assets Trust, indicating strong interest despite the pension fund's reduction.
• Recent analyst ratings show a downgrade of American Assets Trust's price target, with Mizuho and Morgan Stanley lowering it from $22.00 to $21.00 and from $24.00 to $20.00, respectively, and an average rating of "Hold."

State of New Jersey Common Pension Fund D lessened its holdings in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 9.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 144,735 shares of the real estate investment trust's stock after selling 15,000 shares during the period. State of New Jersey Common Pension Fund D owned 0.24% of American Assets Trust worth $2,915,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of AAT. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of American Assets Trust in the fourth quarter valued at about $63,000. State of Wyoming purchased a new position in shares of American Assets Trust during the fourth quarter valued at approximately $101,000. US Bancorp DE lifted its stake in shares of American Assets Trust by 952.0% during the first quarter. US Bancorp DE now owns 10,415 shares of the real estate investment trust's stock valued at $210,000 after buying an additional 9,425 shares during the period. Retirement Planning Co of New England Inc. lifted its stake in shares of American Assets Trust by 20.9% during 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 period. Finally, Russell Investments Group Ltd. lifted its stake in shares of American Assets Trust by 16.2% during the first quarter. Russell Investments Group Ltd. now owns 10,844 shares of the real estate investment trust's stock valued at $218,000 after buying an additional 1,510 shares during the period. Hedge funds and other institutional investors own 90.41% of the company's stock.

Analyst Ratings Changes

AAT has been the topic of a number of recent analyst reports. Mizuho cut their price target on shares of American Assets Trust from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Wednesday. Wall Street Zen lowered shares of American Assets Trust from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Morgan Stanley lowered their price target on shares of American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $20.50.

American Assets Trust Stock Performance

Shares of AAT opened at $19.7290 on Thursday. American Assets Trust, Inc. has a 1 year low of $16.69 and a 1 year high of $29.15. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 17.01 and a beta of 1.17. The firm has a fifty day moving average of $19.94 and a 200-day moving average of $20.12. 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 earnings results 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. American Assets Trust had a return on equity of 6.47% and a net margin of 16.26%.The firm had revenue of $107.93 million for the quarter, compared to analysts' expectations of $107.75 million. American Assets Trust has set its FY 2025 guidance at 1.890-2.010 EPS. As a group, equities analysts anticipate that American Assets Trust, Inc. will post 1.94 earnings per share for the current year.

American Assets Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders 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 6.9%. American Assets Trust's dividend payout ratio (DPR) is presently 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.

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