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

Kennedy Capital Management LLC grew its position in American Assets Trust, Inc. (NYSE:AAT) by 54.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 491,979 shares of the real estate investment trust’s stock after buying an additional 173,083 shares during the period. Kennedy Capital Management LLC owned 0.80% of American Assets Trust worth $9,717,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in American Assets Trust by 262.6% in 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 during the last quarter. Invesco Ltd. boosted its stake in American Assets Trust by 48.1% in the 2nd quarter. Invesco Ltd. now owns 496,405 shares of the real estate investment trust’s stock worth $9,804,000 after purchasing an additional 161,303 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in American Assets Trust by 4.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,253,217 shares of the real estate investment trust’s stock worth $24,751,000 after purchasing an additional 53,070 shares during the last quarter. Virtus Investment Advisers LLC increased its stake in American Assets Trust by 47.1% during the 2nd quarter. Virtus Investment Advisers LLC now owns 8,480 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 2,715 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of American Assets Trust in the second quarter worth $2,083,000. Institutional investors own 90.41% of the company’s stock.

American Assets Trust Stock Performance

NYSE AAT opened at $18.88 on Friday. The firm has a market capitalization of $1.15 billion, a P/E ratio of 18.69 and a beta of 0.98. The stock has a 50-day simple moving average of $19.50 and a two-hundred day simple moving average of $19.90. The company has a debt-to-equity ratio of 1.52, a quick ratio of 3.34 and a current ratio of 3.34. American Assets Trust, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $28.41.

American Assets Trust (NYSE:AAT) last posted its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. American Assets Trust had a return on equity of 5.43% and a net margin of 13.98%.The firm had revenue of $109.58 million for the quarter, compared to analyst estimates of $105.71 million. American Assets Trust has set its FY 2025 guidance at 1.930-2.010 EPS. On average, equities analysts forecast that American Assets Trust, Inc. will post 1.94 earnings per share for the current year.

American Assets Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid 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%.

Analyst Upgrades and Downgrades

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

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.