Wolverine Asset Management LLC Increases Stock Position in American Assets Trust, Inc. $AAT

Wolverine Asset Management LLC lifted its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 65.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 89,539 shares of the real estate investment trust’s stock after purchasing an additional 35,513 shares during the period. Wolverine Asset Management LLC’s holdings in American Assets Trust were worth $1,819,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. EverSource Wealth Advisors LLC grew its holdings in American Assets Trust by 262.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,704 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 1,234 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of American Assets Trust by 32.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,774 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 1,165 shares in the last quarter. State of Wyoming lifted its stake in shares of American Assets Trust by 131.5% in the second quarter. State of Wyoming now owns 5,646 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 3,207 shares during the period. CWM LLC lifted its stake in shares of 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 valued at $166,000 after purchasing an additional 5,839 shares during the period. Finally, Virtus Investment Advisers LLC boosted its holdings in American Assets Trust by 47.1% during the second quarter. Virtus Investment Advisers LLC now owns 8,480 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 2,715 shares in the last quarter. 90.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Morgan Stanley lowered American Assets Trust from an “equal weight” rating to an “underweight” rating and set a $17.00 price target on the stock. in a research note on Friday. Mizuho set a $19.00 target price on American Assets Trust in a report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Assets Trust in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of American Assets Trust from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $18.00.

American Assets Trust Stock Performance

American Assets Trust stock opened at $18.00 on Friday. American Assets Trust, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $25.26. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 17.82 and a beta of 0.98. The stock has a fifty day moving average of $18.98 and a two-hundred day moving average of $19.66. The company has a debt-to-equity ratio of 1.52, a quick ratio of 3.34 and a current ratio of 3.34.

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

American Assets Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $1.36 annualized dividend and a dividend yield of 7.6%. American Assets Trust’s dividend payout ratio is presently 134.65%.

About American Assets Trust

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.