21,000 Shares in American Assets Trust, Inc. $AAT Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in shares of American Assets Trust, Inc. (NYSE:AAT) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 21,000 shares of the real estate investment trust’s stock, valued at approximately $387,000.

Several other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in 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 acquiring an additional 745 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of American Assets Trust by 3.6% during the 4th quarter. HighTower Advisors LLC now owns 21,560 shares of the real estate investment trust’s stock valued at $408,000 after acquiring an additional 749 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of 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 purchasing an additional 833 shares in the last quarter. Aberdeen Group plc grew its holdings in shares of American Assets Trust by 4.9% in the fourth quarter. Aberdeen Group plc now owns 18,421 shares of the real estate investment trust’s stock valued at $349,000 after purchasing an additional 853 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec grew its holdings in shares of American Assets Trust by 27.4% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,154 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 893 shares in the last quarter. Hedge funds and other institutional investors own 90.41% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Morgan Stanley upped their price target on shares of American Assets Trust from $17.00 to $18.00 and gave the company an “underweight” rating in a research note on Thursday, March 26th. Weiss Ratings raised shares of American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, American Assets Trust presently has a consensus rating of “Reduce” and a consensus target price of $18.50.

American Assets Trust Trading Down 0.1%

Shares of AAT stock opened at $24.97 on Thursday. American Assets Trust, Inc. has a 1 year low of $17.72 and a 1 year high of $25.55. The company has a debt-to-equity ratio of 1.58, a current ratio of 3.04 and a quick ratio of 3.04. The stock’s 50 day simple moving average is $23.17 and its two-hundred day simple moving average is $20.45. The company has a market cap of $1.53 billion, a PE ratio of 86.10 and a beta of 0.96.

American Assets Trust (NYSE:AAT) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The company had revenue of $110.59 million during the quarter, compared to analysts’ expectations of $109.78 million. American Assets Trust had a return on equity of 1.65% and a net margin of 4.16%.American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. Research analysts predict that American Assets Trust, Inc. will post 2.03 earnings per share for the current year.

American Assets Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a $0.34 dividend. The ex-dividend date was Thursday, June 4th. This represents a $1.36 dividend on an annualized basis and a yield of 5.4%. American Assets Trust’s dividend payout ratio (DPR) is currently 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.