Louisiana State Employees Retirement System Makes New Investment in American Assets Trust, Inc. $AAT

Louisiana State Employees Retirement System acquired a new stake in shares of American Assets Trust, Inc. (NYSE:AAT) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 21,000 shares of the real estate investment trust’s stock, valued at approximately $387,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Argosy Lionbridge Management LLC purchased a new position in American Assets Trust during the third quarter valued at approximately $4,366,000. Algert Global LLC increased its stake in shares of American Assets Trust by 44.1% in the third quarter. Algert Global LLC now owns 406,562 shares of the real estate investment trust’s stock worth $8,261,000 after purchasing an additional 124,347 shares in the last quarter. Strs Ohio increased its stake in shares of American Assets Trust by 2,773.5% in the fourth quarter. Strs Ohio now owns 281,600 shares of the real estate investment trust’s stock worth $5,331,000 after purchasing an additional 271,800 shares in the last quarter. JPMorgan Chase & Co. raised 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 valued at $28,502,000 after purchasing an additional 918,635 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of American Assets Trust by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 7,677,140 shares of the real estate investment trust’s stock valued at $145,328,000 after purchasing an additional 132,887 shares during the period. 90.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AAT has been the topic of a number of analyst reports. Morgan Stanley lifted their target price on shares of American Assets Trust from $17.00 to $18.00 and gave the company an “underweight” rating in a research note on Thursday, March 26th. Weiss Ratings upgraded American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $18.50.

American Assets Trust Trading Down 0.1%

AAT stock opened at $24.97 on Thursday. The company has a debt-to-equity ratio of 1.58, a current ratio of 3.04 and a quick ratio of 3.04. American Assets Trust, Inc. has a 1-year low of $17.72 and a 1-year high of $25.55. The business has a 50 day simple moving average of $23.17 and a two-hundred day simple moving average of $20.45. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 86.10 and a beta of 0.96.

American Assets Trust (NYSE:AAT) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.03). American Assets Trust had a net margin of 4.16% and a return on equity of 1.65%. The company had revenue of $110.59 million for the quarter, compared to the consensus estimate of $109.78 million. American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. Research analysts anticipate that American Assets Trust, Inc. will post 2.03 EPS for the current fiscal year.

American Assets Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Thursday, June 4th. American Assets Trust’s payout ratio is currently 468.97%.

About American Assets Trust

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.