T. Rowe Price Investment Management Inc. Acquires 236,376 Shares of American Assets Trust, Inc. $AAT

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in American Assets Trust by 13.2%, owning approximately 3.32% of the company worth $40.9 million.
• The stock price of American Assets Trust has risen by 3.6%, with the current share price at $20.52 and analysts forecasting an average EPS of 1.94 for FY 2025.
• American Assets Trust announced a quarterly dividend of $0.34, with an annualized yield of 6.6% despite having a relatively high dividend payout ratio of 117.24%.

T. Rowe Price Investment Management Inc. boosted its stake in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 13.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,030,121 shares of the real estate investment trust's stock after buying an additional 236,376 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 3.32% of American Assets Trust worth $40,887,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of American Assets Trust in the 4th quarter worth about $63,000. State of Wyoming bought a new position in shares of American Assets Trust in the 4th quarter worth about $101,000. US Bancorp DE raised its position in shares of American Assets Trust by 952.0% in the 1st 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 in the last quarter. Retirement Planning Co of New England Inc. raised its position in shares of American Assets Trust by 20.9% in the 1st 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 in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of American Assets Trust by 16.2% in the 1st 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 in the last quarter. 90.41% of the stock is owned by institutional investors and hedge funds.

American Assets Trust Price Performance

AAT stock remained flat at $20.87 during mid-day trading on Friday. The company's stock had a trading volume of 36,932 shares, compared to its average volume of 413,172. The firm has a market cap of $1.28 billion, a PE ratio of 17.99 and a beta of 1.17. 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, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $29.15. The company has a fifty day simple moving average of $19.94 and a 200 day simple moving average of $20.01.

American Assets Trust (NYSE:AAT - Get Free Report) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $107.75 million. American Assets Trust has set its FY 2025 guidance at 1.890-2.010 EPS. On average, analysts anticipate 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 $0.34 dividend. The ex-dividend date is Thursday, September 4th. This represents a $1.36 annualized dividend and a yield of 6.5%. American Assets Trust's dividend payout ratio is presently 117.24%.

Analysts Set New Price Targets

A number of brokerages recently commented on AAT. Wall Street Zen lowered American Assets Trust from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Mizuho decreased their target price on 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 analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $20.50.

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.