Inspire Investing LLC Boosts Stock Holdings in American Assets Trust, Inc. $AAT

Inspire Investing LLC grew its position in shares of American Assets Trust, Inc. (NYSE:AAT) by 21.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,984 shares of the real estate investment trust’s stock after buying an additional 4,202 shares during the quarter. Inspire Investing LLC’s holdings in American Assets Trust were worth $474,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in AAT. Strs Ohio purchased a new stake in shares of American Assets Trust during the first quarter valued at approximately $175,000. Coppell Advisory Solutions LLC grew its holdings in shares of American Assets Trust by 8.6% during the first quarter. Coppell Advisory Solutions LLC now owns 10,138 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 805 shares during the last quarter. US Bancorp DE grew its holdings in shares of American Assets Trust by 952.0% during the first quarter. US Bancorp DE now owns 10,415 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 9,425 shares during the last quarter. Retirement Planning Co of New England Inc. grew its holdings in shares of American Assets Trust by 20.9% during the first quarter. Retirement Planning Co of New England Inc. now owns 10,600 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 1,830 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in American Assets Trust by 16.2% during the first quarter. Russell Investments Group Ltd. now owns 10,844 shares of the real estate investment trust’s stock valued at $218,000 after purchasing an additional 1,510 shares during the period. Hedge funds and other institutional investors own 90.41% of the company’s stock.

American Assets Trust Stock Down 3.7%

AAT opened at $19.05 on Monday. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.50. American Assets Trust, Inc. has a 1-year low of $16.69 and a 1-year high of $29.15. The company has a market capitalization of $1.16 billion, a PE ratio of 16.42 and a beta of 1.23. The firm’s 50 day simple moving average is $20.16 and its two-hundred day simple moving average is $19.81.

American Assets Trust (NYSE:AAT) last released its quarterly 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. American Assets Trust had a net margin of 16.26% and a return on equity of 6.47%. The business had revenue of $107.93 million for the quarter, compared to the consensus estimate of $107.75 million. American Assets Trust has set its FY 2025 guidance at 1.890-2.010 EPS. As a group, equities analysts forecast that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a $0.34 dividend. The ex-dividend date was Thursday, September 4th. This represents a $1.36 annualized dividend and a yield of 7.1%. American Assets Trust’s dividend payout ratio (DPR) is presently 117.24%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AAT. 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 report on Wednesday, August 20th. Wall Street Zen downgraded shares of American Assets Trust from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of American Assets Trust in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.50.

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.