VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $1.21 Million Investment in American Assets Trust, Inc. $AAT

Key Points

• Virginia Retirement Systems has made a new investment of approximately $1.21 million in American Assets Trust, Inc. by purchasing 61,093 shares, representing 0.10% ownership.
• Analysts have recently adjusted their ratings and price targets on American Assets Trust, with the consensus rating being "Hold" and a price target of $20.50.
• American Assets Trust declared a quarterly dividend of $0.34, resulting in an annualized dividend yield of 6.8%, while its dividend payout ratio currently stands at 117.24%.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in American Assets Trust, Inc. (NYSE:AAT - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 61,093 shares of the real estate investment trust's stock, valued at approximately $1,207,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.10% of American Assets Trust at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of AAT. CWM LLC grew its holdings in American Assets Trust by 229.6% in the second quarter. CWM LLC now owns 8,382 shares of the real estate investment trust's stock worth $166,000 after purchasing an additional 5,839 shares during the period. Strs Ohio bought a new position in shares of American Assets Trust in the first quarter valued at $175,000. Coppell Advisory Solutions LLC lifted its stake in shares of American Assets Trust by 8.6% in the first quarter. Coppell Advisory Solutions LLC now owns 10,138 shares of the real estate investment trust's stock valued at $204,000 after buying an additional 805 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in shares of American Assets Trust in the second quarter valued at $206,000. Finally, US Bancorp DE lifted its stake in shares of 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 valued at $210,000 after buying an additional 9,425 shares in the last quarter. 90.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AAT. Mizuho dropped 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 report on Wednesday, August 20th. Weiss Ratings reissued a "hold (c)" rating on shares of American Assets Trust in a research report on Wednesday, October 8th. Finally, 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. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, American Assets Trust currently has a consensus rating of "Hold" and a consensus price target of $20.50.

American Assets Trust Stock Performance

Shares of AAT stock opened at $19.94 on Friday. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 17.19 and a beta of 1.23. 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, Inc. has a 52 week low of $16.69 and a 52 week high of $29.15. The firm's 50-day simple moving average is $20.24 and its two-hundred day simple moving average is $19.81.

American Assets Trust (NYSE:AAT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The business had revenue of $107.93 million for the quarter, compared to analyst estimates 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. As a group, equities analysts forecast that American Assets Trust, Inc. will post 1.94 earnings per share for the current year.

American Assets Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $0.34 dividend. The ex-dividend date was Thursday, September 4th. This represents a $1.36 annualized dividend and a dividend yield of 6.8%. 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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