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

Denali Advisors LLC bought a new stake in shares of American Assets Trust, Inc. (NYSE:AAT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 62,800 shares of the real estate investment trust’s stock, valued at approximately $1,276,000.

Several other hedge funds have also added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in shares of American Assets Trust by 38.7% in the first quarter. Royal Bank of Canada now owns 33,674 shares of the real estate investment trust’s stock worth $678,000 after purchasing an additional 9,393 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in American Assets Trust by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,490 shares of the real estate investment trust’s stock worth $574,000 after acquiring an additional 1,240 shares during the last quarter. Jane Street Group LLC increased its position in shares of American Assets Trust by 534.0% in the first quarter. Jane Street Group LLC now owns 158,297 shares of the real estate investment trust’s stock valued at $3,188,000 after acquiring an additional 133,329 shares during the period. Strs Ohio purchased a new position in shares of American Assets Trust in the first quarter valued at about $175,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of American Assets Trust during the second quarter valued at about $206,000. 90.41% of the stock is owned by institutional investors.

American Assets Trust Trading Up 1.8%

American Assets Trust stock opened at $18.58 on Tuesday. American Assets Trust, Inc. has a 12 month low of $16.69 and a 12 month high of $22.79. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 20.41 and a beta of 0.98. The business’s fifty day simple moving average is $18.63 and its two-hundred day simple moving average is $19.36. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 1.56.

American Assets Trust (NYSE:AAT) last issued its earnings results on Tuesday, February 3rd. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.43). The firm had revenue of $110.09 million during the quarter, compared to the consensus estimate of $108.70 million. American Assets Trust had a return on equity of 4.96% and a net margin of 12.76%.American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. As a group, equities analysts predict that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports 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 lowered 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 report on Friday, January 16th. Mizuho set a $19.00 target price on American Assets Trust in a research note on Friday, January 9th. Finally, Wall Street Zen raised American Assets Trust from a “sell” rating to a “hold” rating in a research note on Saturday. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $18.00.

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.