Bessemer Group Inc. Grows Stake in American Assets Trust, Inc. $AAT

Bessemer Group Inc. grew its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 52.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 256,158 shares of the real estate investment trust’s stock after acquiring an additional 88,533 shares during the period. Bessemer Group Inc.’s holdings in American Assets Trust were worth $4,716,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AAT. EverSource Wealth Advisors LLC raised its holdings in shares of 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 worth $34,000 after purchasing an additional 1,234 shares during the period. Blue Trust Inc. increased its position in American Assets Trust by 5,717.7% in the first quarter. Blue Trust Inc. now owns 3,607 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 3,545 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its stake in shares of American Assets Trust by 27.4% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,154 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 893 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of American Assets Trust by 32.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,774 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 1,165 shares during the last quarter. Finally, State of Wyoming increased its holdings in American Assets Trust by 131.5% in the 2nd quarter. State of Wyoming now owns 5,646 shares of the real estate investment trust’s stock worth $112,000 after acquiring an additional 3,207 shares during the last quarter. Hedge funds and other institutional investors own 90.41% of the company’s stock.

Wall Street Analyst Weigh In

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

American Assets Trust Stock Down 1.3%

AAT stock opened at $25.19 on Tuesday. The stock has a 50-day simple moving average of $23.86 and a two-hundred day simple moving average of $20.81. American Assets Trust, Inc. has a twelve month low of $17.72 and a twelve month high of $25.97. The firm has a market capitalization of $1.55 billion, a PE ratio of 86.87 and a beta of 0.96. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 1.58.

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

American Assets Trust Dividend Announcement

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

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.