VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.21 Million in American Assets Trust, Inc. $AAT

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in American Assets Trust, Inc. (NYSE:AAT) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 61,093 shares of the real estate investment trust’s stock, valued at approximately $1,207,000.

Several other large investors have also recently modified their holdings of AAT. Nuveen LLC purchased a new position in shares of American Assets Trust in the first quarter worth about $16,603,000. Hotchkis & Wiley Capital Management LLC purchased a new position in American Assets Trust during the first quarter valued at approximately $5,612,000. T. Rowe Price Investment Management Inc. grew its stake in American Assets Trust by 13.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,030,121 shares of the real estate investment trust’s stock valued at $40,887,000 after acquiring an additional 236,376 shares in the last quarter. Allianz Asset Management GmbH grew its stake in American Assets Trust by 20.4% during the first quarter. Allianz Asset Management GmbH now owns 893,652 shares of the real estate investment trust’s stock valued at $17,998,000 after acquiring an additional 151,541 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in American Assets Trust during the first quarter valued at approximately $2,758,000. Hedge funds and other institutional investors own 90.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AAT. Mizuho reduced their price objective on shares of American Assets Trust from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, August 20th. 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Assets Trust in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.50.

American Assets Trust Price Performance

AAT stock opened at $19.94 on Friday. 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 one year low of $16.69 and a one year high of $29.15. The stock has a market cap of $1.22 billion, a PE ratio of 17.19 and a beta of 1.23. The firm has a 50 day simple moving average of $20.24 and a two-hundred day simple moving average of $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 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $107.75 million. American Assets Trust has set its FY 2025 guidance at 1.890-2.010 EPS. On average, analysts predict that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date was Thursday, September 4th. American Assets Trust’s payout ratio is presently 117.24%.

About American Assets Trust

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.