Kennedy Capital Management LLC Boosts Stake in American Assets Trust, Inc. $AAT

by · The Markets Daily

Kennedy Capital Management LLC raised its position in American Assets Trust, Inc. (NYSE:AAT – Free Report) by 17.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 554,930 shares of the real estate investment trust’s stock after buying an additional 83,094 shares during the period. Kennedy Capital Management LLC’s holdings in American Assets Trust were worth $10,505,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in American Assets Trust by 12.9% in the 4th quarter. Barclays PLC now owns 128,851 shares of the real estate investment trust’s stock valued at $2,439,000 after buying an additional 14,693 shares during the last quarter. Waterfall Asset Management LLC boosted its position in American Assets Trust by 29.0% in the 4th quarter. Waterfall Asset Management LLC now owns 406,033 shares of the real estate investment trust’s stock valued at $7,704,000 after buying an additional 91,390 shares during the last quarter. First Trust Advisors LP boosted its position in American Assets Trust by 51.2% in the 4th quarter. First Trust Advisors LP now owns 399,718 shares of the real estate investment trust’s stock valued at $7,567,000 after buying an additional 135,425 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of American Assets Trust by 11.1% in the 4th quarter. Van ECK Associates Corp now owns 16,472 shares of the real estate investment trust’s stock valued at $311,000 after purchasing an additional 1,641 shares in the last quarter. Finally, Martingale Asset Management L P raised its stake in shares of American Assets Trust by 9.4% in the 4th quarter. Martingale Asset Management L P now owns 119,397 shares of the real estate investment trust’s stock valued at $2,260,000 after purchasing an additional 10,210 shares in the last quarter. 90.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AAT shares. 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. Morgan Stanley upped their target price on shares of American Assets Trust from $17.00 to $18.00 and gave the company an “underweight” rating in a research note on Thursday, March 26th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $18.50.

View Our Latest Report on American Assets Trust

American Assets Trust Price Performance

AAT opened at $24.40 on Monday. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 84.15 and a beta of 0.98. American Assets Trust, Inc. has a fifty-two week low of $17.72 and a fifty-two week high of $24.85. The company’s 50-day moving average price is $21.46 and its 200 day moving average price is $19.75. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 1.58.

American Assets Trust (NYSE:AAT – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03). The business had revenue of $110.59 million for the quarter, compared to analyst estimates of $109.78 million. American Assets Trust had a return on equity of 1.65% and a net margin of 4.16%.American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. As a group, sell-side analysts expect that American Assets Trust, Inc. will post 2.03 earnings per share for the current year.

American Assets Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a dividend of $0.34 per share. The ex-dividend date is Thursday, June 4th. This represents a $1.36 annualized dividend and a yield of 5.6%. American Assets Trust’s dividend payout ratio is 468.97%.

American Assets Trust Company Profile

(Free Report)

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.

See Also

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