Man Group plc Makes New Investment in American Assets Trust, Inc. $AAT

Man Group plc bought a new stake in American Assets Trust, Inc. (NYSE:AAT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 173,746 shares of the real estate investment trust’s stock, valued at approximately $4,290,000.

Several other hedge funds also recently added to or reduced their stakes in AAT. BROOKFIELD Corp ON increased its stake in American Assets Trust by 63.3% during the first quarter. BROOKFIELD Corp ON now owns 1,602 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 621 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of American Assets Trust by 262.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,704 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,234 shares during the last quarter. Allworth Financial LP acquired a new position in shares of American Assets Trust in the 2nd quarter valued at $38,000. Blue Trust Inc. grew its holdings in shares of American Assets Trust by 5,717.7% during the 1st quarter. Blue Trust Inc. now owns 3,607 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 3,545 shares during the period. Finally, Federation des caisses Desjardins du Quebec increased its position in shares of American Assets Trust by 27.4% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,154 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 893 shares during the last quarter. 90.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on AAT. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Assets Trust in a research report on Tuesday, August 18th. Morgan Stanley lifted their price target 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. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, American Assets Trust presently has an average rating of “Reduce” and a consensus price target of $21.50.

American Assets Trust Trading Up 0.2%

Shares of NYSE AAT opened at $22.48 on Monday. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $1.38 billion, a PE ratio of 77.52 and a beta of 0.96. American Assets Trust, Inc. has a twelve month low of $17.72 and a twelve month high of $25.97. The stock has a fifty day simple moving average of $24.00 and a 200-day simple moving average of $21.79.

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

American Assets Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend 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 (DPR) is presently 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.