Evolve Private Wealth LLC Takes $745,000 Position in American Assets Trust, Inc. $AAT

Evolve Private Wealth LLC acquired a new position in American Assets Trust, Inc. (NYSE:AAT) in the second quarter, Holdings Channel reports. The fund acquired 30,190 shares of the real estate investment trust’s stock, valued at approximately $745,000.

A number of other hedge funds also recently bought and sold shares of the stock. BROOKFIELD Corp ON boosted its position in American Assets Trust by 63.3% during the 1st quarter. BROOKFIELD Corp ON now owns 1,602 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 621 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of American Assets Trust by 262.6% in the 2nd 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 in the last quarter. Allworth Financial LP bought a new position in shares of American Assets Trust in the 2nd quarter worth $38,000. Blue Trust Inc. lifted its stake in shares of American Assets Trust by 5,717.7% during the 1st quarter. Blue Trust Inc. now owns 3,607 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 3,545 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec lifted its stake in shares of American Assets Trust by 27.4% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,154 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 893 shares during the last quarter. Hedge funds and other institutional investors own 90.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of American Assets Trust in a research note on Tuesday, August 18th. Morgan Stanley increased their price target on shares of American Assets Trust from $18.00 to $24.00 and gave the company an “underweight” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $21.50.

American Assets Trust Stock Up 0.7%

Shares of AAT stock opened at $22.99 on Tuesday. American Assets Trust, Inc. has a 1-year low of $17.72 and a 1-year high of $25.97. The stock’s fifty day moving average price is $24.11 and its 200 day moving average price is $21.68. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.46 and a quick ratio of 2.46. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 79.28 and a beta of 0.96.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $109.48 million during the quarter, compared to analyst estimates of $110.64 million. American Assets Trust had a return on equity of 1.66% and a net margin of 4.09%.American Assets Trust has set its FY 2026 guidance at 2.030-2.030 EPS. On average, research analysts expect that American Assets Trust, Inc. will post 2.03 earnings per share for the current fiscal year.

American Assets Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors 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 5.9%. The ex-dividend date of this dividend is Thursday, September 3rd. American Assets Trust’s dividend payout ratio (DPR) is 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.