UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 310,078 Shares of American Assets Trust, Inc. $AAT

Key Points

• UBS Asset Management significantly increased its American Assets Trust stake by acquiring 310,078 additional shares, bringing its total to 313,371 shares valued at approximately $7.7 million, or 0.51% of the REIT.
• Analyst sentiment remains cautious: American Assets Trust has a consensus rating of “Reduce”, with an average price target of $21.50. The company recently reported quarterly EPS of $0.09, below the $0.10 consensus estimate.
• American Assets Trust declared a quarterly dividend of $0.34 per share, equivalent to an annualized $1.36 dividend and a 6.2% yield, though its payout ratio is notably high at 468.97%.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 9,416.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 313,371 shares of the real estate investment trust's stock after acquiring an additional 310,078 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.51% of American Assets Trust worth $7,737,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. BROOKFIELD Corp ON lifted its holdings in American Assets Trust by 63.3% in the first quarter. BROOKFIELD Corp ON now owns 1,602 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 621 shares during the period. Van ECK Associates Corp boosted its position in shares of American Assets Trust by 5.3% in the 3rd quarter. Van ECK Associates Corp now owns 14,831 shares of the real estate investment trust's stock worth $301,000 after purchasing an additional 745 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of American Assets Trust by 3.6% during the fourth quarter. HighTower Advisors LLC now owns 21,560 shares of the real estate investment trust's stock worth $408,000 after purchasing an additional 749 shares during the period. Resona Asset Management Co. Ltd. increased its holdings in American Assets Trust by 4.0% in the first quarter. Resona Asset Management Co. Ltd. now owns 20,997 shares of the real estate investment trust's stock valued at $386,000 after purchasing an additional 807 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in American Assets Trust by 16.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,758 shares of the real estate investment trust's stock valued at $109,000 after buying an additional 833 shares during the period. 90.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Morgan Stanley upped their price target on American Assets Trust from $18.00 to $24.00 and gave the company an "underweight" rating in a research note on Wednesday, July 22nd. Weiss Ratings reissued a "hold (c)" rating on shares of American Assets Trust in a research note on Tuesday, August 18th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, American Assets Trust presently has a consensus rating of "Reduce" and an average price target of $21.50.

American Assets Trust Trading Up 0.1%

AAT opened at $22.06 on Tuesday. The firm's fifty day simple moving average is $23.71 and its 200 day simple moving average is $21.95. The stock has a market capitalization of $1.35 billion, a P/E ratio of 76.07 and a beta of 0.95. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 1.61. American Assets Trust, Inc. has a 12 month low of $17.72 and a 12 month high of $25.97.

American Assets Trust (NYSE:AAT - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The firm had revenue of $109.48 million during the quarter, compared to analyst estimates of $110.64 million. American Assets Trust had a net margin of 4.09% and a return on equity of 1.66%. American Assets Trust has set its FY 2026 guidance at 2.030-2.030 EPS. As a group, research analysts anticipate that American Assets Trust, Inc. will post 2.03 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be paid a $0.34 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $1.36 annualized dividend and a yield of 6.2%. American Assets Trust's payout ratio is presently 468.97%.

American Assets Trust Company Profile

American Assets Trust, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops and manages a diversified portfolio of commercial properties across multiple asset classes. The company's holdings include retail centers, office buildings, multifamily communities and select hotel and resort properties. American Assets Trust pursues an integrated strategy combining proactive redevelopment, leasing initiatives and sustainable design to enhance asset value and drive long-term growth.

Founded in 1998 and headquartered in San Diego, California, American Assets Trust has built a presence in key markets along the West Coast and select western U.S.

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