State of New Jersey Common Pension Fund D Trims Stock Position in American Assets Trust, Inc. $AAT

State of New Jersey Common Pension Fund D reduced its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 49.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,735 shares of the real estate investment trust’s stock after selling 72,000 shares during the period. State of New Jersey Common Pension Fund D owned about 0.12% of American Assets Trust worth $1,437,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of American Assets Trust in the 2nd quarter worth $1,207,000. CWM LLC increased its stake in shares of American Assets Trust by 229.6% in the 2nd quarter. CWM LLC now owns 8,382 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 5,839 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of American Assets Trust in the 2nd quarter worth $206,000. Inspire Investing LLC increased its position in American Assets Trust by 21.2% in the second quarter. Inspire Investing LLC now owns 23,984 shares of the real estate investment trust’s stock worth $474,000 after buying an additional 4,202 shares in the last quarter. Finally, Aberdeen Group plc increased its position in American Assets Trust by 23.5% in the second quarter. Aberdeen Group plc now owns 15,431 shares of the real estate investment trust’s stock worth $305,000 after buying an additional 2,933 shares in the last quarter. 90.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

American Assets Trust Stock Performance

NYSE:AAT opened at $19.15 on Monday. 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 12-month low of $16.69 and a 12-month high of $29.15. The stock has a 50-day moving average price of $20.21 and a 200 day moving average price of $19.90. The stock 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 (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. American Assets Trust had a net margin of 13.98% and a return on equity of 5.43%. The business had revenue of $109.58 million during the quarter, compared to analyst estimates of $105.71 million. American Assets Trust has set its FY 2025 guidance at 1.930-2.010 EPS. Equities research analysts forecast that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Announces Dividend

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

About American Assets Trust

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.