Hsbc Holdings PLC Buys Shares of 173,034 American Assets Trust, Inc. $AAT

Hsbc Holdings PLC purchased a new position in shares of American Assets Trust, Inc. (NYSE:AAT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 173,034 shares of the real estate investment trust’s stock, valued at approximately $4,278,000.

Other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of American Assets Trust by 38.7% during the first quarter. Royal Bank of Canada now owns 33,674 shares of the real estate investment trust’s stock valued at $678,000 after acquiring an additional 9,393 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in American Assets Trust by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,490 shares of the real estate investment trust’s stock worth $574,000 after purchasing an additional 1,240 shares during the period. Jane Street Group LLC boosted its stake in American Assets Trust by 534.0% during the 1st quarter. Jane Street Group LLC now owns 158,297 shares of the real estate investment trust’s stock valued at $3,188,000 after purchasing an additional 133,329 shares in the last quarter. Strs Ohio bought a new position in American Assets Trust during the 1st quarter valued at $175,000. Finally, Creative Planning acquired a new position in shares of American Assets Trust during the 2nd quarter valued at $253,000. 90.41% of the stock is owned by institutional investors and hedge funds.

American Assets Trust Trading Down 0.1%

American Assets Trust stock opened at $22.48 on Friday. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 77.52 and a beta of 0.96. American Assets Trust, Inc. has a 1 year low of $17.72 and a 1 year high of $25.97. The firm’s 50 day moving average price is $24.00 and its two-hundred day moving average price is $21.77. The company has a debt-to-equity ratio of 1.61, a quick ratio of 2.46 and a current ratio of 2.46.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The company had revenue of $109.48 million for 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. On average, research analysts predict that American Assets Trust, Inc. will post 2.03 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend 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 is currently 468.97%.

Analysts Set New Price Targets

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

American Assets Trust 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.