278,660 Shares in American Assets Trust, Inc. $AAT Bought by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC has acquired 278,660 shares of American Assets Trust, Inc., representing a value of approximately $5.6 million, which accounts for about 0.46% of the company's stock as of their latest SEC filing.
• American Assets Trust announced a quarterly dividend of $0.34 per share, with a dividend yield of 6.7%, set to be paid to stockholders of record on September 4th.
• Analysts have downgraded the company's stock rating from "buy" to "hold," and the current consensus price target for American Assets Trust is $20.50.

Hotchkis & Wiley Capital Management LLC acquired a new stake in American Assets Trust, Inc. (NYSE:AAT - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 278,660 shares of the real estate investment trust's stock, valued at approximately $5,612,000. Hotchkis & Wiley Capital Management LLC owned approximately 0.46% of American Assets Trust at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. bought a new position in American Assets Trust during the first quarter worth about $265,000. Millennium Management LLC boosted its position in shares of American Assets Trust by 22.3% in the fourth quarter. Millennium Management LLC now owns 346,167 shares of the real estate investment trust's stock valued at $9,090,000 after acquiring an additional 63,023 shares during the period. GAMMA Investing LLC boosted its position in shares of American Assets Trust by 1,438.0% in the first quarter. GAMMA Investing LLC now owns 18,025 shares of the real estate investment trust's stock valued at $363,000 after acquiring an additional 16,853 shares during the period. MQS Management LLC bought a new stake in American Assets Trust during the first quarter valued at approximately $324,000. Finally, GSA Capital Partners LLP bought a new stake in American Assets Trust during the first quarter valued at approximately $785,000. 90.41% of the stock is owned by institutional investors.

American Assets Trust Stock Up 0.9%

American Assets Trust stock traded up $0.18 during mid-day trading on Thursday, reaching $20.87. The stock had a trading volume of 258,701 shares, compared to its average volume of 390,162. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 17.99 and a beta of 1.17. The company has a 50-day moving average price of $19.94 and a two-hundred day moving average price of $20.01. American Assets Trust, Inc. has a one year low of $16.69 and a one year high of $29.15. The company has a debt-to-equity ratio of 1.50, a current ratio of 3.55 and a quick ratio of 3.55.

American Assets Trust (NYSE:AAT - Get Free Report) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.03. American Assets Trust had a return on equity of 6.47% and a net margin of 16.26%.The business had revenue of $107.93 million during the quarter, compared to analyst estimates of $107.75 million. American Assets Trust has set its FY 2025 guidance at 1.890-2.010 EPS. On average, analysts expect that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

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. This represents a $1.36 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Thursday, September 4th. American Assets Trust's dividend payout ratio (DPR) is 117.24%.

Analyst Upgrades and Downgrades

AAT has been the topic of several research reports. Wall Street Zen downgraded shares of American Assets Trust from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Mizuho reduced their price objective on shares of American Assets Trust from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $20.50.

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.