Connor Clark & Lunn Investment Management Ltd. Acquires New Position in American Assets Trust, Inc. $AAT

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,941 shares of the real estate investment trust's stock, valued at approximately $295,000.

A number of other large investors have also recently modified their holdings of the business. CWM LLC increased its stake in shares of American Assets Trust by 229.6% in the 2nd quarter. CWM LLC now owns 8,382 shares of the real estate investment trust's stock valued at $166,000 after purchasing an additional 5,839 shares during the last quarter. Strs Ohio acquired a new stake in American Assets Trust in the first quarter valued at about $175,000. Coppell Advisory Solutions LLC grew its position in American Assets Trust by 8.6% in the first quarter. Coppell Advisory Solutions LLC now owns 10,138 shares of the real estate investment trust's stock valued at $204,000 after acquiring an additional 805 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in shares of American Assets Trust in the second quarter worth about $206,000. Finally, US Bancorp DE boosted its position in American Assets Trust by 952.0% in the first quarter. US Bancorp DE now owns 10,415 shares of the real estate investment trust's stock valued at $210,000 after buying an additional 9,425 shares in the last quarter. Institutional investors and hedge funds own 90.41% of the company's stock.

American Assets Trust Stock Performance

Shares of American Assets Trust stock opened at $18.57 on Friday. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 18.38 and a beta of 1.20. American Assets Trust, Inc. has a twelve month low of $16.69 and a twelve month high of $29.15. The company's fifty day moving average is $19.77 and its 200 day moving average is $19.90. The company has a quick ratio of 3.55, a current ratio of 3.34 and a debt-to-equity ratio of 1.52.

American Assets Trust (NYSE:AAT - Get Free Report) last announced its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. American Assets Trust had a return on equity of 5.43% and a net margin of 13.98%.The firm had revenue of $109.58 million for the quarter, compared to the consensus estimate of $105.71 million. American Assets Trust has set its FY 2025 guidance at 1.930-2.010 EPS. Sell-side analysts forecast that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a $0.34 dividend. The ex-dividend date is Thursday, December 4th. This represents a $1.36 annualized dividend and a yield of 7.3%. American Assets Trust's dividend payout ratio is presently 134.65%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AAT shares. Weiss Ratings reiterated a "hold (c)" rating on shares of American Assets Trust in a report on Wednesday, October 8th. Mizuho lowered their target price on American Assets Trust from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Wednesday, August 20th. Finally, Wall Street Zen downgraded American Assets Trust from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $20.50.

Read Our Latest Stock Report on AAT

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.

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