American Assets Trust, Inc. (NYSE:AAT – Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $19.44 and traded as high as $23.62. American Assets Trust shares last traded at $23.34, with a volume of 615,791 shares.
Analysts Set New Price Targets
AAT has been the topic of a number of recent research reports. Weiss Ratings raised shares of American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Wall Street Zen upgraded shares of American Assets Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Morgan Stanley upped their price target on shares of American Assets Trust from $17.00 to $18.00 and gave the company an “underweight” rating in a research report on Thursday, March 26th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, American Assets Trust currently has an average rating of “Reduce” and an average price target of $18.50.
American Assets Trust Stock Down 0.2%
American Assets Trust (NYSE:AAT – Get Free Report) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). American Assets Trust had a net margin of 4.16% and a return on equity of 1.65%. The business 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 research analysts forecast that American Assets Trust, Inc. will post 2.03 earnings per share for the current fiscal year.
American Assets Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Thursday, June 4th. American Assets Trust’s dividend payout ratio is presently 468.97%.
Institutional Investors Weigh In On American Assets Trust
A number of institutional investors and hedge funds have recently made changes to their positions in AAT. Smartleaf Asset Management LLC raised its holdings in shares of American Assets Trust by 95.2% in the third quarter. Smartleaf Asset Management LLC now owns 1,427 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 696 shares during the last quarter. BROOKFIELD Corp ON raised its holdings in American Assets Trust by 63.3% during the first quarter. BROOKFIELD Corp ON now owns 1,602 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 621 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in American Assets Trust by 262.6% during the second 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 in the last quarter. Hantz Financial Services Inc. raised its holdings in American Assets Trust by 56.2% during the third quarter. Hantz Financial Services Inc. now owns 1,795 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 646 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in American Assets Trust by 5,717.7% during the first quarter. Blue Trust Inc. now owns 3,607 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 3,545 shares in the last quarter. 90.41% of the stock is owned by hedge funds and other institutional investors.
About American Assets Trust
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.
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