BlackRock Inc. Takes Position in American Assets Trust, Inc. $AAT

BlackRock Inc. acquired a new position in American Assets Trust, Inc. (NYSE:AAT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,162,398 shares of the real estate investment trust’s stock, valued at approximately $226,220,000. BlackRock Inc. owned 0.15% of American Assets Trust as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BROOKFIELD Corp ON grew its position in shares of American Assets Trust by 63.3% during the 1st quarter. BROOKFIELD Corp ON now owns 1,602 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 621 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in American Assets Trust by 262.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,704 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 1,234 shares during the period. Blue Trust Inc. boosted its stake in American Assets Trust by 5,717.7% in the first quarter. Blue Trust Inc. now owns 3,607 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 3,545 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its holdings in American Assets Trust by 27.4% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,154 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 893 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in American Assets Trust by 32.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,774 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 1,165 shares during the period. 90.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Morgan Stanley increased 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 reaffirmed a “hold (c)” rating on shares of American Assets Trust in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, American Assets Trust currently has a consensus rating of “Reduce” and a consensus target price of $21.50.

American Assets Trust Stock Performance

Shares of AAT stock opened at $22.53 on Friday. The company has a fifty day moving average price of $24.03 and a two-hundred day moving average price of $21.77. American Assets Trust, Inc. has a one year low of $17.72 and a one year high of $25.97. The stock has a market cap of $1.38 billion, a P/E ratio of 77.69 and a beta of 0.96. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.46 and a quick ratio of 2.46.

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

American Assets Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Thursday, September 3rd. American Assets Trust’s dividend payout ratio (DPR) 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.