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

Allianz Asset Management GmbH raised its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 10.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 653,299 shares of the real estate investment trust’s stock after purchasing an additional 62,340 shares during the quarter. Allianz Asset Management GmbH’s holdings in American Assets Trust were worth $13,275,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of 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 acquiring an additional 72,458 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in American Assets Trust by 4.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,253,217 shares of the real estate investment trust’s stock worth $24,751,000 after purchasing an additional 53,070 shares during the period. Ameriprise Financial Inc. increased its stake 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 purchasing an additional 56,553 shares during the period. Senvest Management LLC bought a new stake in shares of American Assets Trust during the second quarter worth $14,184,000. Finally, Invesco Ltd. boosted its stake in shares of American Assets Trust by 48.1% during the second quarter. Invesco Ltd. now owns 496,405 shares of the real estate investment trust’s stock valued at $9,804,000 after purchasing an additional 161,303 shares during the period. 90.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

American Assets Trust Stock Down 0.8%

NYSE:AAT opened at $18.98 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.11 and a quick ratio of 3.34. American Assets Trust, Inc. has a 1-year low of $16.69 and a 1-year high of $22.79. The company has a 50-day moving average of $18.68 and a 200 day moving average of $19.42. The firm has a market cap of $1.16 billion, a PE ratio of 20.85 and a beta of 0.98.

American Assets Trust (NYSE:AAT) last posted its earnings results on Tuesday, February 3rd. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.43). American Assets Trust had a net margin of 12.76% and a return on equity of 4.96%. The business had revenue of $110.09 million for 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. As a group, research analysts anticipate that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 5th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $1.36 dividend on an annualized basis and a yield of 7.2%. American Assets Trust’s payout ratio is 149.45%.

American Assets Trust 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.