American Assets Trust, Inc. (NYSE:AAT – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.95 and traded as high as $24.45. American Assets Trust shares last traded at $24.3160, with a volume of 459,801 shares traded.
Wall Street Analyst Weigh In
Several analysts have issued reports on AAT shares. Morgan Stanley increased their price objective 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. Weiss Ratings upgraded shares of American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $18.50.
Get Our Latest Stock Report on AAT
American Assets Trust Stock Performance
American Assets Trust (NYSE:AAT – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.08 earnings per share 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 for the quarter, compared to analyst estimates of $109.78 million. American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. As a group, equities research analysts expect that American Assets Trust, Inc. will post 2.03 EPS for the current fiscal year.
American Assets Trust Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a $0.34 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $1.36 annualized dividend and a yield of 5.6%. American Assets Trust’s dividend payout ratio is currently 468.97%.
Institutional Investors Weigh In On American Assets Trust
Several hedge funds and other institutional investors have recently modified their holdings of the stock. BROOKFIELD Corp ON grew its stake in American Assets Trust by 63.3% in 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 lifted its holdings in 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 buying an additional 1,234 shares during the last quarter. Blue Trust Inc. grew its position in shares of American Assets Trust by 5,717.7% in the 1st quarter. Blue Trust Inc. now owns 3,607 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 3,545 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its position in shares of American Assets Trust by 27.4% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,154 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 893 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of American Assets Trust by 32.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,774 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 1,165 shares during the last quarter. Institutional investors own 90.41% of the company’s stock.
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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