abrdn plc Purchases Shares of 9,568 American Assets Trust, Inc. (NYSE:AAT)

abrdn plc acquired a new stake in shares of American Assets Trust, Inc. (NYSE:AAT) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,568 shares of the real estate investment trust’s stock, valued at approximately $256,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Signaturefd LLC boosted its stake in American Assets Trust by 130.3% during the second quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 1,059 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in American Assets Trust by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,891 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 488 shares during the period. Blue Trust Inc. raised its stake in shares of American Assets Trust by 516.3% in the 3rd quarter. Blue Trust Inc. now owns 5,775 shares of the real estate investment trust’s stock valued at $154,000 after buying an additional 4,838 shares in the last quarter. Inspire Advisors LLC acquired a new stake in shares of American Assets Trust during the 1st quarter valued at about $205,000. Finally, ProShare Advisors LLC increased its stake in American Assets Trust by 7.4% in the first quarter. ProShare Advisors LLC now owns 9,841 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 681 shares during the period. 90.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on AAT. Mizuho raised their price target on shares of American Assets Trust from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Morgan Stanley boosted their price target on American Assets Trust from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th.

American Assets Trust Trading Up 0.7 %

Shares of American Assets Trust stock opened at $27.32 on Wednesday. American Assets Trust, Inc. has a 12-month low of $18.00 and a 12-month high of $28.44. The stock has a market capitalization of $1.66 billion, a P/E ratio of 30.02 and a beta of 1.29. The company has a 50-day simple moving average of $26.90 and a 200 day simple moving average of $24.33. The company has a quick ratio of 3.03, a current ratio of 8.53 and a debt-to-equity ratio of 1.86.

American Assets Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 4.90%. The ex-dividend date is Thursday, December 5th. American Assets Trust’s payout ratio is 147.25%.

American Assets Trust 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.