American Century Companies Inc. Purchases 10,488 Shares of American Assets Trust, Inc. $AAT

American Century Companies Inc. lifted its position in American Assets Trust, Inc. (NYSE:AAT) by 71.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 25,100 shares of the real estate investment trust’s stock after buying an additional 10,488 shares during the period. American Century Companies Inc.’s holdings in American Assets Trust were worth $506,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Nuveen LLC bought a new stake in shares of American Assets Trust in the 1st quarter valued at about $16,603,000. Wellington Management Group LLP raised its stake in American Assets Trust by 693.7% in the fourth quarter. Wellington Management Group LLP now owns 661,763 shares of the real estate investment trust’s stock worth $17,378,000 after buying an additional 578,386 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in American Assets Trust in the fourth quarter worth approximately $4,829,000. Allianz Asset Management GmbH raised its stake in American Assets Trust by 20.4% in the first quarter. Allianz Asset Management GmbH now owns 893,652 shares of the real estate investment trust’s stock worth $17,998,000 after buying an additional 151,541 shares in the last quarter. Finally, Northern Trust Corp raised its stake in American Assets Trust by 16.0% in the fourth quarter. Northern Trust Corp now owns 856,868 shares of the real estate investment trust’s stock worth $22,501,000 after buying an additional 118,315 shares in the last quarter. 90.41% of the stock is currently owned by institutional investors.

American Assets Trust Stock Performance

AAT opened at $20.92 on Friday. American Assets Trust, Inc. has a 52-week low of $16.69 and a 52-week high of $29.15. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.50. The company has a market cap of $1.28 billion, a P/E ratio of 18.03 and a beta of 1.24. The firm’s 50-day moving average price is $20.05 and its 200-day moving average price is $19.95.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. American Assets Trust had a net margin of 16.26% and a return on equity of 6.47%. The firm had revenue of $107.93 million for the quarter, compared to the consensus estimate of $107.75 million. American Assets Trust has set its FY 2025 guidance at 1.890-2.010 EPS. As a group, equities analysts anticipate that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Thursday, September 4th. American Assets Trust’s dividend payout ratio is presently 117.24%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AAT. Wall Street Zen lowered American Assets Trust from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Mizuho reduced 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. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.50.

American Assets Trust Company 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.