Kennedy Capital Management LLC Raises Stock Holdings in American Assets Trust, Inc. $AAT

Kennedy Capital Management LLC grew its holdings in American Assets Trust, Inc. (NYSE:AAT) by 54.3% in the second quarter, Holdings Channel reports. The institutional investor owned 491,979 shares of the real estate investment trust’s stock after acquiring an additional 173,083 shares during the quarter. Kennedy Capital Management LLC’s holdings in American Assets Trust were worth $9,717,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AAT. EverSource Wealth Advisors LLC raised its position in shares of American Assets Trust by 262.6% during 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 last quarter. CWM LLC lifted its stake in American Assets Trust by 229.6% in the 2nd quarter. CWM LLC now owns 8,382 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 5,839 shares in the last quarter. Virtus Investment Advisers LLC lifted its stake in American Assets Trust by 47.1% in the 2nd quarter. Virtus Investment Advisers LLC now owns 8,480 shares of the real estate investment trust’s stock worth $167,000 after purchasing an additional 2,715 shares in the last quarter. Strs Ohio acquired a new position in shares of American Assets Trust during the 1st quarter worth approximately $175,000. Finally, Coppell Advisory Solutions LLC grew its position in shares of American Assets Trust by 8.6% in 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 purchasing an additional 805 shares in the last quarter. Hedge funds and other institutional investors own 90.41% of the company’s stock.

Analyst Upgrades and Downgrades

AAT has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of American Assets Trust in a research report on Wednesday, October 8th. Mizuho reduced their price target on American Assets Trust from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, August 20th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, American Assets Trust currently has a consensus rating of “Hold” and an average target price of $20.50.

American Assets Trust Trading Down 3.2%

Shares of AAT stock opened at $18.88 on Friday. American Assets Trust, Inc. has a 1-year low of $16.69 and a 1-year high of $28.41. The firm has a market cap of $1.15 billion, a PE ratio of 18.69 and a beta of 0.98. The company has a 50-day moving average of $19.50 and a two-hundred day moving average of $19.90. The company has a debt-to-equity ratio of 1.52, a current ratio of 3.34 and a quick ratio of 3.34.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.49. The firm had revenue of $109.58 million during the quarter, compared to analysts’ expectations of $105.71 million. American Assets Trust had a net margin of 13.98% and a return on equity of 5.43%. American Assets Trust has set its FY 2025 guidance at 1.930-2.010 EPS. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Thursday, December 4th. American Assets Trust’s payout ratio is currently 134.65%.

American Assets Trust 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.