American Assets Trust, Inc. $AAT Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 9.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 144,735 shares of the real estate investment trust’s stock after selling 15,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in American Assets Trust were worth $2,915,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AAT. Nuveen LLC acquired a new position in shares of American Assets Trust in the 1st quarter worth approximately $16,603,000. Wellington Management Group LLP grew its stake in shares of American Assets Trust by 693.7% in the 4th quarter. Wellington Management Group LLP now owns 661,763 shares of the real estate investment trust’s stock worth $17,378,000 after purchasing an additional 578,386 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of American Assets Trust in the 4th quarter worth approximately $4,829,000. Allianz Asset Management GmbH grew its stake in shares of American Assets Trust by 20.4% in the 1st quarter. Allianz Asset Management GmbH now owns 893,652 shares of the real estate investment trust’s stock worth $17,998,000 after purchasing an additional 151,541 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of American Assets Trust by 16.0% in the 4th quarter. Northern Trust Corp now owns 856,868 shares of the real estate investment trust’s stock worth $22,501,000 after purchasing an additional 118,315 shares during the last quarter. Institutional investors and hedge funds own 90.41% of the company’s stock.

Analysts Set New Price Targets

AAT has been the topic of several recent research reports. Wall Street Zen cut shares of American Assets Trust from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Morgan Stanley lowered their price objective on shares of American Assets Trust from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. Finally, Mizuho lowered their price objective on shares of American Assets Trust from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, American Assets Trust presently has an average rating of “Hold” and an average target price of $20.50.

American Assets Trust Stock Performance

American Assets Trust stock opened at $19.7290 on Thursday. The firm’s 50 day simple moving average is $19.94 and its 200-day simple moving average is $20.12. The company has a market cap of $1.21 billion, a P/E ratio of 17.01 and a beta of 1.17. The company has a debt-to-equity ratio of 1.50, a current ratio of 3.55 and a quick ratio of 3.55. American Assets Trust, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $29.15.

American Assets Trust (NYSE:AAT) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The business had revenue of $107.93 million for the quarter, compared to the consensus estimate of $107.75 million. American Assets Trust had a net margin of 16.26% and a return on equity of 6.47%. American Assets Trust has set its FY 2025 guidance at 1.890-2.010 EPS. As a group, equities research analysts predict 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, September 18th. Stockholders of record on Thursday, September 4th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Thursday, September 4th. American Assets Trust’s dividend payout ratio (DPR) is 117.24%.

American Assets Trust Company Profile

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii.