Wolverine Asset Management LLC Purchases 22,255 Shares of American Assets Trust, Inc. $AAT

Wolverine Asset Management LLC grew its position in American Assets Trust, Inc. (NYSE:AAT) by 70.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,026 shares of the real estate investment trust’s stock after acquiring an additional 22,255 shares during the quarter. Wolverine Asset Management LLC owned 0.09% of American Assets Trust worth $1,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. increased its position in shares of American Assets Trust by 13.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,030,121 shares of the real estate investment trust’s stock valued at $40,887,000 after purchasing an additional 236,376 shares during the last quarter. Allianz Asset Management GmbH increased its position in shares of American Assets Trust by 20.4% during the 1st quarter. Allianz Asset Management GmbH now owns 893,652 shares of the real estate investment trust’s stock valued at $17,998,000 after purchasing an additional 151,541 shares during the last quarter. Nuveen LLC bought a new position in shares of American Assets Trust during the 1st quarter valued at approximately $16,603,000. Invesco Ltd. increased its position in shares of American Assets Trust by 39.6% during the 1st quarter. Invesco Ltd. now owns 335,102 shares of the real estate investment trust’s stock valued at $6,749,000 after purchasing an additional 95,130 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its position in shares of American Assets Trust by 6.3% during the 1st quarter. Panagora Asset Management Inc. now owns 301,560 shares of the real estate investment trust’s stock valued at $6,073,000 after purchasing an additional 17,905 shares during the last quarter. Institutional investors own 90.41% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on AAT. Weiss Ratings reissued a “hold (c)” rating on shares of American Assets Trust in a research report on Wednesday, October 8th. Mizuho cut their target price on 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. Finally, Wall Street Zen downgraded 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 MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.50.

American Assets Trust Stock Performance

Shares of American Assets Trust stock opened at $19.15 on Friday. The stock’s fifty day moving average is $20.21 and its two-hundred day moving average is $19.89. The company has a market capitalization of $1.17 billion, a PE ratio of 18.96 and a beta of 1.23. The company has a quick ratio of 3.55, a current ratio of 3.34 and a debt-to-equity ratio of 1.52. American Assets Trust, Inc. has a 52 week low of $16.69 and a 52 week high of $29.15.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. The company had revenue of $109.58 million for the quarter, compared to the consensus estimate of $105.71 million. American Assets Trust had a return on equity of 5.43% and a net margin of 13.98%. American Assets Trust has set its FY 2025 guidance at 1.930-2.010 EPS. As a group, analysts expect that American Assets Trust, Inc. will post 1.94 earnings per share for the current year.

American Assets Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Thursday, December 4th. American Assets Trust’s dividend payout ratio is currently 134.65%.

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.