Denali Advisors LLC Makes New $1.28 Million Investment in American Assets Trust, Inc. $AAT

Denali Advisors LLC acquired a new stake in American Assets Trust, Inc. (NYSE:AAT) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 62,800 shares of the real estate investment trust’s stock, valued at approximately $1,276,000. Denali Advisors LLC owned 0.10% of American Assets Trust at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AAT. JPMorgan Chase & Co. boosted its position in shares of American Assets Trust by 189.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,402,665 shares of the real estate investment trust’s stock worth $28,502,000 after purchasing an additional 918,635 shares in the last quarter. Geode Capital Management LLC raised its stake in American Assets Trust by 5.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,391,478 shares of the real estate investment trust’s stock worth $27,484,000 after buying an additional 72,458 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in American Assets Trust by 4.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,253,217 shares of the real estate investment trust’s stock worth $24,751,000 after buying an additional 53,070 shares during the period. Ameriprise Financial Inc. boosted its holdings in American Assets Trust by 4.8% in the second quarter. Ameriprise Financial Inc. now owns 1,234,013 shares of the real estate investment trust’s stock worth $22,696,000 after acquiring an additional 56,553 shares in the last quarter. Finally, Senvest Management LLC acquired a new stake in American Assets Trust in the second quarter valued at approximately $14,184,000. Institutional investors and hedge funds own 90.41% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Morgan Stanley lowered shares of American Assets Trust from an “equal weight” rating to an “underweight” rating and set a $17.00 price objective on the stock. in a research note on Friday, January 16th. Mizuho set a $19.00 price target on shares of American Assets Trust in a research report on Friday, January 9th. Wall Street Zen raised American Assets Trust from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Assets Trust in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, American Assets Trust presently has a consensus rating of “Reduce” and an average target price of $18.00.

American Assets Trust Trading Up 1.8%

Shares of AAT stock opened at $18.58 on Tuesday. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 1.56. The firm has a market cap of $1.14 billion, a P/E ratio of 20.41 and a beta of 0.98. The company has a 50 day moving average of $18.63 and a 200-day moving average of $19.36. American Assets Trust, Inc. has a 12-month low of $16.69 and a 12-month high of $22.79.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings data on Tuesday, February 3rd. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.43). American Assets Trust had a return on equity of 4.96% and a net margin of 12.76%.The firm had revenue of $110.09 million during the quarter, compared to analysts’ expectations of $108.70 million. 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 1.94 earnings per share for the current year.

American Assets Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 5th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 7.3%. The ex-dividend date is Thursday, March 5th. American Assets Trust’s payout ratio is presently 149.45%.

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.