Waterfall Asset Management LLC Acquires New Shares in American Assets Trust, Inc. $AAT

Waterfall Asset Management LLC bought a new position in American Assets Trust, Inc. (NYSE:AAT) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 314,643 shares of the real estate investment trust’s stock, valued at approximately $6,394,000. American Assets Trust makes up about 0.7% of Waterfall Asset Management LLC’s investment portfolio, making the stock its 4th largest holding.

A number of other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in shares of American Assets Trust by 95.2% in the third quarter. Smartleaf Asset Management LLC now owns 1,427 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 696 shares during the period. EverSource Wealth Advisors LLC grew its holdings in American Assets Trust by 262.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,704 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 1,234 shares during the last quarter. Hantz Financial Services Inc. increased its position in American Assets Trust by 56.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,795 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 646 shares during the period. Tower Research Capital LLC TRC increased its position in American Assets Trust by 32.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,774 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 1,165 shares during the period. Finally, State of Wyoming raised its stake in shares of American Assets Trust by 131.5% during the second quarter. State of Wyoming now owns 5,646 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 3,207 shares during the last quarter. 90.41% of the stock is owned by institutional investors and hedge funds.

American Assets Trust Stock Performance

AAT stock opened at $19.54 on Monday. The firm has a market cap of $1.20 billion, a PE ratio of 21.47 and a beta of 0.94. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 1.56. The stock has a 50-day moving average price of $18.67 and a 200-day moving average price of $19.38. American Assets Trust, Inc. has a 1-year low of $16.69 and a 1-year high of $22.79.

American Assets Trust (NYSE:AAT) last released its earnings results on Tuesday, February 3rd. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.43). American Assets Trust had a return on equity of 4.96% and a net margin of 12.76%.The business had revenue of $110.09 million for the quarter, compared to analyst estimates of $108.70 million. American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. As a group, equities research analysts expect that American Assets Trust, Inc. will post 1.94 earnings per share for the current year.

American Assets Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 5th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Thursday, March 5th. American Assets Trust’s payout ratio is presently 149.45%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of American Assets Trust in a research note on Wednesday, January 21st. Wall Street Zen upgraded American Assets Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Morgan Stanley downgraded American Assets Trust from an “equal weight” rating to an “underweight” rating and set a $17.00 price objective for the company. in a research report on Friday, January 16th. Finally, Mizuho set a $19.00 price objective on American Assets Trust in a research note on Friday, January 9th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $18.00.

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.