XTX Topco Ltd Makes New Investment in American Assets Trust, Inc. (NYSE:AAT)

Key Points

• XTX Topco Ltd acquired 13,894 shares of American Assets Trust, valued at approximately $280,000, marking a new stake in the real estate investment trust.
• American Assets Trust's recent quarterly earnings reported $0.52 EPS, exceeding the consensus estimate, alongside a net margin of 16.26% and revenue of $107.93 million.
• The company announced a quarterly dividend of $0.34 per share, representing an annualized yield of 7.3%, with a payout ratio of 117.24%.

XTX Topco Ltd bought a new stake in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 13,894 shares of the real estate investment trust's stock, valued at approximately $280,000.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in shares of American Assets Trust by 693.7% in the 4th quarter. Wellington Management Group LLP now owns 661,763 shares of the real estate investment trust's stock valued at $17,378,000 after buying an additional 578,386 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of American Assets Trust in the 4th quarter valued at $4,829,000. Allianz Asset Management GmbH raised its stake in shares of American Assets Trust by 20.4% in the 1st quarter. Allianz Asset Management GmbH now owns 893,652 shares of the real estate investment trust's stock valued at $17,998,000 after buying an additional 151,541 shares in the last quarter. Northern Trust Corp raised its stake in shares of American Assets Trust by 16.0% in the 4th quarter. Northern Trust Corp now owns 856,868 shares of the real estate investment trust's stock valued at $22,501,000 after buying an additional 118,315 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of American Assets Trust by 112.9% in the 4th quarter. Renaissance Technologies LLC now owns 195,200 shares of the real estate investment trust's stock valued at $5,126,000 after buying an additional 103,500 shares in the last quarter. 90.41% of the stock is currently owned by institutional investors and hedge funds.

American Assets Trust Price Performance

NYSE:AAT traded up $0.02 on Friday, reaching $19.52. The stock had a trading volume of 423,111 shares, compared to its average volume of 382,011. The company has a market capitalization of $1.19 billion, a P/E ratio of 16.83 and a beta of 1.17. American Assets Trust, Inc. has a 1-year low of $16.69 and a 1-year high of $29.15. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.50. The stock has a fifty day moving average price of $19.97 and a 200-day moving average price of $20.19.

American Assets Trust (NYSE:AAT - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.03. The firm had revenue of $107.93 million for the quarter, compared to analyst estimates of $107.75 million. American Assets Trust had a net margin of 16.26% and a return on equity of 6.47%. Research analysts forecast that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.36 dividend on an annualized basis and a yield of 7.0%. American Assets Trust's dividend payout ratio is currently 117.24%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AAT shares. Wall Street Zen cut shares of American Assets Trust from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Morgan Stanley reduced their price target on shares of American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th.

About American Assets Trust

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.