Sumitomo Mitsui Trust Group Inc. Has $998,000 Stake in American Assets Trust, Inc. $AAT

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,535 shares of the real estate investment trust’s stock after selling 988 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.08% of American Assets Trust worth $998,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AAT. CWM LLC boosted its stake in American Assets Trust by 229.6% during the 2nd quarter. CWM LLC now owns 8,382 shares of the real estate investment trust’s stock worth $166,000 after acquiring an additional 5,839 shares during the last quarter. Strs Ohio acquired a new stake in American Assets Trust in the first quarter worth $175,000. Coppell Advisory Solutions LLC raised its holdings 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 purchasing an additional 805 shares during the period. Vanguard Personalized Indexing Management LLC bought a new position in shares of American Assets Trust during the second quarter worth $206,000. Finally, US Bancorp DE boosted its position in shares of American Assets Trust by 952.0% during the first quarter. US Bancorp DE now owns 10,415 shares of the real estate investment trust’s stock worth $210,000 after purchasing an additional 9,425 shares in the last quarter. 90.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AAT shares. Mizuho lowered their price objective on shares of American Assets Trust from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, August 20th. Weiss Ratings restated a “hold (c)” rating on shares of American Assets Trust in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered American Assets Trust from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $20.50.

American Assets Trust Stock Up 0.2%

Shares of AAT stock opened at $19.15 on Friday. The firm’s fifty day moving average price is $20.21 and its two-hundred day moving average price is $19.88. The company has a current ratio of 3.34, a quick ratio of 3.55 and a debt-to-equity ratio of 1.52. American Assets Trust, Inc. has a 1 year low of $16.69 and a 1 year high of $29.15. The firm has a market capitalization of $1.17 billion, a P/E ratio of 18.96 and a beta of 1.23.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings data 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 company had revenue of $109.58 million during the quarter, compared to analysts’ expectations 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. On average, equities analysts predict that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

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

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.