Summit Global Investments Purchases New Position in American Assets Trust, Inc. $AAT

Summit Global Investments purchased a new position in shares of American Assets Trust, Inc. (NYSE:AAT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 39,199 shares of the real estate investment trust’s stock, valued at approximately $968,000. Summit Global Investments owned 0.06% of American Assets Trust at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AAT. Amundi raised its stake in shares of American Assets Trust by 7.6% in the 1st quarter. Amundi now owns 34,617 shares of the real estate investment trust’s stock valued at $637,000 after purchasing an additional 2,455 shares during the period. Royal Bank of Canada raised its stake in shares of American Assets Trust by 14.5% during the 1st quarter. Royal Bank of Canada now owns 59,471 shares of the real estate investment trust’s stock worth $1,095,000 after purchasing an additional 7,551 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of American Assets Trust by 149.6% in the 1st quarter. Quantinno Capital Management LP now owns 67,506 shares of the real estate investment trust’s stock valued at $1,243,000 after buying an additional 40,465 shares during the last quarter. BROOKFIELD Corp ON boosted its holdings in shares of American Assets Trust by 63.3% in the 1st quarter. BROOKFIELD Corp ON now owns 1,602 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 621 shares during the last quarter. Finally, Senvest Management LLC grew its stake in shares of American Assets Trust by 22.1% in the first quarter. Senvest Management LLC now owns 3,577,054 shares of the real estate investment trust’s stock valued at $65,854,000 after buying an additional 647,618 shares in the last quarter. 90.41% of the stock is currently owned by institutional investors and hedge funds.

American Assets Trust Stock Down 1.1%

AAT opened at $22.72 on Friday. The stock’s fifty day simple moving average is $24.29 and its 200 day simple moving average is $21.46. American Assets Trust, Inc. has a 1-year low of $17.72 and a 1-year high of $25.97. The stock has a market cap of $1.39 billion, a PE ratio of 78.34 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) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $110.64 million. American Assets Trust had a net margin of 4.09% and a return on equity of 1.66%. American Assets Trust has set its FY 2026 guidance at 2.030-2.030 EPS. As a group, research analysts expect that American Assets Trust, Inc. will post 2.03 earnings per share for the current year.

American Assets Trust Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Weiss Ratings upgraded shares of American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Morgan Stanley lifted their price objective on shares of American Assets Trust from $18.00 to $24.00 and gave the company an “underweight” rating in a research report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $21.50.

American Assets Trust Company 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.