Denali Advisors LLC Takes $1.55 Million Position in American Assets Trust, Inc. $AAT

Denali Advisors LLC bought a new position in American Assets Trust, Inc. (NYSE:AAT) in the second quarter, Holdings Channel.com reports. The institutional investor bought 62,800 shares of the real estate investment trust’s stock, valued at approximately $1,551,000.

A number of other institutional investors have also modified their holdings of AAT. Royal Bank of Canada grew its position in shares of American Assets Trust by 38.7% in the 1st quarter. Royal Bank of Canada now owns 33,674 shares of the real estate investment trust’s stock worth $678,000 after buying an additional 9,393 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of American Assets Trust by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,490 shares of the real estate investment trust’s stock worth $574,000 after acquiring an additional 1,240 shares in the last quarter. Jane Street Group LLC raised its stake in shares of American Assets Trust by 534.0% during the 1st quarter. Jane Street Group LLC now owns 158,297 shares of the real estate investment trust’s stock worth $3,188,000 after acquiring an additional 133,329 shares in the last quarter. Strs Ohio purchased a new stake in American Assets Trust during the first quarter valued at approximately $175,000. Finally, Creative Planning acquired a new stake in American Assets Trust in the second quarter valued at approximately $253,000. 90.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AAT. Morgan Stanley upped their price target on American Assets Trust from $18.00 to $24.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 22nd. Weiss Ratings raised American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $21.50.

American Assets Trust Stock Up 1.0%

NYSE:AAT opened at $22.83 on Thursday. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.46 and a quick ratio of 2.46. The company’s fifty day moving average price is $24.19 and its 200-day moving average price is $21.58. American Assets Trust, Inc. has a 1-year low of $17.72 and a 1-year high of $25.97. The firm has a market capitalization of $1.40 billion, a P/E ratio of 78.73 and a beta of 0.96.

American Assets Trust (NYSE:AAT) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $109.48 million for the quarter, compared to analyst estimates of $110.64 million. American Assets Trust had a return on equity of 1.66% and a net margin of 4.09%.American Assets Trust has set its FY 2026 guidance at 2.030-2.030 EPS. As a group, equities research analysts anticipate that American Assets Trust, Inc. will post 2.03 EPS for the current year.

American Assets Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be given a $0.34 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.0%. American Assets Trust’s payout ratio is 468.97%.

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.