Allianz Asset Management GmbH Buys 62,340 Shares of American Assets Trust, Inc. $AAT

Allianz Asset Management GmbH lifted its stake in American Assets Trust, Inc. (NYSE:AAT) by 10.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 653,299 shares of the real estate investment trust’s stock after buying an additional 62,340 shares during the quarter. Allianz Asset Management GmbH owned approximately 1.07% of American Assets Trust worth $13,275,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its holdings in 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 valued at $34,000 after acquiring an additional 1,234 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of American Assets Trust by 32.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,774 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 1,165 shares in the last quarter. State of Wyoming grew its position in shares of American Assets Trust by 131.5% during the second quarter. State of Wyoming now owns 5,646 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 3,207 shares in the last quarter. CWM LLC increased its holdings in shares of American Assets Trust by 229.6% in the second 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 during the last quarter. Finally, Virtus Investment Advisers LLC lifted its position in shares of American Assets Trust by 47.1% in the second quarter. Virtus Investment Advisers LLC now owns 8,480 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 2,715 shares in the last quarter. 90.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on AAT. Weiss Ratings restated a “hold (c)” rating on shares of American Assets Trust in a report on Wednesday, January 21st. Mizuho set a $19.00 price objective on American Assets Trust in a report on Friday, January 9th. Wall Street Zen lowered shares of American Assets Trust from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Finally, Morgan Stanley cut shares of American Assets Trust from an “equal weight” rating to an “underweight” rating and set a $17.00 price target on the stock. in a research report on Friday, January 16th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, American Assets Trust currently has an average rating of “Reduce” and a consensus price target of $18.00.

American Assets Trust Price Performance

Shares of American Assets Trust stock opened at $18.98 on Friday. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 20.85 and a beta of 0.98. The company has a debt-to-equity ratio of 1.56, a quick ratio of 3.34 and a current ratio of 3.11. The stock has a 50 day moving average price of $18.68 and a 200-day moving average price of $19.42. American Assets Trust, Inc. has a one year low of $16.69 and a one year high of $22.79.

American Assets Trust (NYSE:AAT) last released its quarterly earnings results 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). The company had revenue of $110.09 million for the quarter, compared to analysts’ expectations of $108.70 million. American Assets Trust had a net margin of 12.76% and a return on equity of 4.96%. American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. Equities analysts expect that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Thursday, March 5th. American Assets Trust’s dividend payout ratio (DPR) is 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.