abrdn plc increases its stake in American Assets Trust, Inc. (NYSE:AAT)


abrdn plc increased its stake in shares of American Assets Trust, Inc. (NYSE:AAT – Get Rating) by 3.3% in Q1, Holdings Channel reports. The fund held 11,081 shares of the real estate investment trust after purchasing an additional 350 shares during the period. abrn plc’s holdings in American Assets Trust were worth $426,000 when it last filed with the Securities and Exchange Commission.

Other institutional investors have also been buying and selling shares of the company recently. CWM LLC increased its position in American Assets Trust by 210.2% in the first quarter. CWM LLC now owns 698 shares of the real estate investment trust worth $26,000 after acquiring 473 additional shares in the last quarter. Ellevest Inc. increased its stake in American Assets Trust shares to 97.6% in the first quarter. Ellevest Inc. now owns 727 shares of the real estate investment trust worth $28,000 after acquiring 359 additional shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of American Assets Trust by 68.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,726 shares of the real estate investment trust worth $65,000 after acquiring an additional 700 shares in the last quarter. US Asset Management LLC acquired a new equity stake in American Assets Trust in the first quarter worth approximately $69,000. Finally, Wolverine Asset Management LLC bought a new position in American Assets Trust during the fourth quarter worth approximately $129,000. 94.83% of the shares are currently held by hedge funds and other institutional investors.

Wall Street analysts predict growth

Several equity research analysts have recently released reports on the company. Mizuho cut its price target on American Assets Trust from $37.00 to $30.00 and set a “hold” rating on the stock in a Wednesday, July 27 report. TheStreet upgraded American Assets Trust from a “b-” to a “c+” rating in a Thursday, June 16 research report. KeyCorp reissued a “sector weighting” rating on American Assets Trust stocks in a research report Thursday, July 14. Finally, Morgan Stanley cut its price target on American Assets Trust from $34.50 to $25.50 and set an “equal weight” rating for the company in a Friday, July 15 research note. Three analysts rated the stock with a holding rating. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $27.75.

Insider Buying and Selling at American Assets Trust

In other news from American Assets Trust, CEO Ernest S. Rady acquired 10,000 shares of the company in a transaction dated Tuesday, May 10. The shares were acquired at an average price of $32.91 per share, for a total transaction of $329,100.00. Following the completion of the acquisition, the CEO now directly owns 2,046,619 shares of the company, valued at $67,354,231.29. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Separately, CEO Ernest S. Rady acquired 1,197 shares of the company in a transaction on Monday, May 23. The shares were purchased at an average cost of $32.15 per share, with a total value of $38,483.55. Following completion of the transaction, the CEO now directly owns 2,107,816 shares of the company, valued at approximately $67,766,284.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, CEO Ernest S. Rady acquired 10,000 shares of the company in a transaction on Tuesday, May 10. The stock was purchased at an average price of $32.91 per share, for a total transaction of $329,100.00. Following completion of the transaction, the CEO now directly owns 2,046,619 shares of the company, valued at $67,354,231.29. Disclosure of this purchase can be found here. In the past 90 days, insiders have purchased 111,197 shares of the company worth $3,524,684. 34.38% of the shares are held by insiders.

American Assets Trust Stock Performance

Shares of AAT opened at $29.11 on Thursday. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 43.45, a growth price-to-earnings ratio of 1.68 and a beta of 1.10. The stock has a 50-day simple moving average of $30.45 and a 200-day simple moving average of $33.96. American Assets Trust, Inc. has a 12-month low of $28.38 and a 12-month high of $40.83. The company has a current ratio of 2.34, a quick ratio of 2.43 and a debt ratio of 1.38.

American Assets Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 22. Shareholders of record on Thursday, September 8 will receive a dividend of $0.32 per share. This represents a dividend of $1.28 on an annualized basis and a yield of 4.40%. The ex-dividend date is Wednesday, September 7. American Assets Trust’s dividend payout ratio (DPR) is currently 191.04%.

American Assets Trust Company Profile

(Get a rating)

American Assets Trust, Inc is a full-service, vertically integrated, self-administered real estate investment trust or REIT, headquartered in San Diego, California. The company has more than 50 years of experience acquiring, improving, developing and managing prime office, retail and residential properties across the United States in some of the world’s toughest markets. most dynamic and difficult to access in the country, mainly in southern California, northern California, Oregon, Washington, Texas and Hawaii.

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Want to see which other hedge funds hold AATs? Visit HoldingsChannel.com for the latest 13F filings and insider trading for American Assets Trust, Inc. (NYSE:AAT – Get Rating).

Institutional ownership by quarter for American Assets Trust (NYSE:AAT)



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