Legal & General Group Plc Grows Stock Holdings in American Assets Trust, Inc. $AAT

Legal & General Group Plc raised its position in shares of American Assets Trust, Inc. (NYSE:AAT) by 10.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 379,363 shares of the real estate investment trust’s stock after buying an additional 36,966 shares during the period. Legal & General Group Plc’s holdings in American Assets Trust were worth $7,181,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in shares of American Assets Trust by 95.2% during the third quarter. Smartleaf Asset Management LLC now owns 1,427 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 696 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of 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 buying an additional 1,234 shares during the period. Hantz Financial Services Inc. boosted its position in shares of American Assets Trust by 56.2% during the third quarter. Hantz Financial Services Inc. now owns 1,795 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 646 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of American Assets Trust by 32.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,774 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 1,165 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of American Assets Trust by 16.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,758 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 833 shares during the period. 90.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AAT has been the subject of several research analyst reports. Weiss Ratings upgraded American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Wall Street Zen upgraded American Assets Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Morgan Stanley lifted their target price on American Assets Trust from $17.00 to $18.00 and gave the company an “underweight” rating in a report on Thursday, March 26th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, American Assets Trust presently has an average rating of “Reduce” and an average target price of $18.50.

American Assets Trust Trading Down 1.0%

NYSE:AAT opened at $23.62 on Friday. The firm has a market cap of $1.45 billion, a PE ratio of 81.46 and a beta of 0.98. The stock has a fifty day moving average price of $20.86 and a 200 day moving average price of $19.56. American Assets Trust, Inc. has a 12-month low of $17.72 and a 12-month high of $24.11. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 1.58.

American Assets Trust (NYSE:AAT) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.08 earnings per share (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 net margin of 4.16% and a return on equity of 1.65%. American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. Sell-side analysts anticipate that American Assets Trust, Inc. will post 2.03 earnings per share for the current fiscal year.

American Assets Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a $0.34 dividend. The ex-dividend date is Thursday, June 4th. This represents a $1.36 dividend on an annualized basis and a yield of 5.8%. American Assets Trust’s dividend payout ratio (DPR) is 468.97%.

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.