State of Alaska Department of Revenue Boosts Stock Position in American Assets Trust, Inc. $AAT

State of Alaska Department of Revenue increased its holdings in American Assets Trust, Inc. (NYSE:AAT) by 8.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,318 shares of the real estate investment trust’s stock after purchasing an additional 4,155 shares during the period. State of Alaska Department of Revenue owned approximately 0.09% of American Assets Trust worth $1,051,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Natixis Advisors LLC increased its holdings in shares of American Assets Trust by 4.7% in the 1st quarter. Natixis Advisors LLC now owns 13,796 shares of the real estate investment trust’s stock worth $278,000 after buying an additional 618 shares during the last quarter. Coppell Advisory Solutions LLC grew its position in American Assets Trust by 8.6% in the first quarter. Coppell Advisory Solutions LLC now owns 10,138 shares of the real estate investment trust’s stock worth $204,000 after acquiring an additional 805 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in American Assets Trust by 1.3% during the second quarter. Public Employees Retirement System of Ohio now owns 68,296 shares of the real estate investment trust’s stock worth $1,349,000 after acquiring an additional 893 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in American Assets Trust by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,490 shares of the real estate investment trust’s stock worth $574,000 after acquiring an additional 1,240 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of American Assets Trust by 16.2% in the 1st quarter. Russell Investments Group Ltd. now owns 10,844 shares of the real estate investment trust’s stock valued at $218,000 after purchasing an additional 1,510 shares during the last quarter. Institutional investors own 90.41% of the company’s stock.

American Assets Trust Trading Up 0.8%

Shares of NYSE AAT opened at $20.44 on Monday. American Assets Trust, Inc. has a 1-year low of $16.69 and a 1-year high of $29.15. The business has a fifty day moving average price of $20.12 and a 200 day moving average price of $19.83. The stock has a market capitalization of $1.25 billion, a P/E ratio of 17.62 and a beta of 1.23. The company has a debt-to-equity ratio of 1.50, a current ratio of 3.55 and a quick ratio of 3.55.

American Assets Trust (NYSE:AAT) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. American Assets Trust had a net margin of 16.26% and a return on equity of 6.47%. The business had revenue of $107.93 million during the quarter, compared to the consensus estimate of $107.75 million. American Assets Trust has set its FY 2025 guidance at 1.890-2.010 EPS. Equities research analysts expect that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Thursday, September 4th. American Assets Trust’s payout ratio is currently 117.24%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AAT shares. 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. Wall Street Zen lowered shares of American Assets Trust from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Assets Trust in a research note on Saturday, September 27th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, American Assets Trust presently has a consensus rating of “Hold” and a consensus target price of $20.50.

American Assets Trust Profile

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.