Hsbc Holdings PLC acquired a new position in American Assets Trust, Inc. (NYSE:AAT – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 173,034 shares of the real estate investment trust’s stock, valued at approximately $4,278,000. Hsbc Holdings PLC owned 0.28% of American Assets Trust at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in AAT. BlackRock Inc. bought a new position in shares of American Assets Trust in the 2nd quarter worth about $226,220,000. Senvest Management LLC grew its position in shares of American Assets Trust by 62.4% during the 4th quarter. Senvest Management LLC now owns 2,929,436 shares of the real estate investment trust’s stock valued at $55,454,000 after buying an additional 1,125,474 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in American Assets Trust during the second quarter worth about $11,162,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in American Assets Trust during the fourth quarter worth about $7,124,000. Finally, Citadel Advisors LLC lifted its holdings in American Assets Trust by 306.7% in the third quarter. Citadel Advisors LLC now owns 493,832 shares of the real estate investment trust’s stock worth $10,035,000 after acquiring an additional 372,397 shares during the last quarter. Institutional investors own 90.41% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have commented on AAT. Weiss Ratings restated a “hold (c)” rating on shares of American Assets Trust in a research note on Tuesday, August 18th. Morgan Stanley raised their price target on American Assets Trust from $18.00 to $24.00 and gave the stock an “underweight” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $21.50.
American Assets Trust Price Performance
Shares of NYSE:AAT opened at $22.48 on Friday. The firm’s 50 day moving average is $24.00 and its two-hundred day moving average is $21.77. American Assets Trust, Inc. has a 52 week low of $17.72 and a 52 week high of $25.97. The firm has a market capitalization of $1.38 billion, a P/E ratio of 77.52 and a beta of 0.96. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 1.61.
American Assets Trust (NYSE:AAT – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). American Assets Trust had a return on equity of 1.66% and a net margin of 4.09%.The business had revenue of $109.48 million for the quarter, compared to analyst estimates of $110.64 million. American Assets Trust has set its FY 2026 guidance at 2.030-2.030 EPS. Analysts anticipate that American Assets Trust, Inc. will post 2.03 earnings per share for the current year.
American Assets Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Thursday, September 3rd. American Assets Trust’s payout ratio is 468.97%.
American Assets Trust Profile
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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