AlphaQuest LLC Takes Position in American Assets Trust, Inc. $AAT

Key Points

• AlphaQuest LLC has acquired a new position in American Assets Trust, purchasing 68,116 shares valued at approximately $1.37 million, indicating growing institutional interest in the REIT.
• American Assets Trust recently reported a quarterly earnings per share (EPS) of $0.52, exceeding analyst estimates, and declared a quarterly dividend of $0.34 per share, reflecting a dividend yield of 6.6%.
• The stock opened at $20.52 with a current market cap of $1.25 billion, while institutional investors collectively own over 90% of the company.

AlphaQuest LLC bought a new position in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 68,116 shares of the real estate investment trust's stock, valued at approximately $1,372,000. AlphaQuest LLC owned approximately 0.11% of American Assets Trust as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of AAT. Wells Fargo & Company MN increased its position in American Assets Trust by 17.0% during the fourth quarter. Wells Fargo & Company MN now owns 33,607 shares of the real estate investment trust's stock worth $883,000 after acquiring an additional 4,878 shares during the period. Raymond James Financial Inc. bought a new stake in shares of American Assets Trust during the fourth quarter worth about $1,703,000. Barclays PLC increased its position in American Assets Trust by 8.6% in the 4th quarter. Barclays PLC now owns 119,678 shares of the real estate investment trust's stock valued at $3,142,000 after acquiring an additional 9,458 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of American Assets Trust by 3.4% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 130,480 shares of the real estate investment trust's stock worth $3,423,000 after purchasing an additional 4,349 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in American Assets Trust by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 30,503 shares of the real estate investment trust's stock valued at $801,000 after purchasing an additional 1,700 shares during the period. Institutional investors own 90.41% of the company's stock.

American Assets Trust Stock Up 3.6%

AAT opened at $20.5180 on Friday. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.50. American Assets Trust, Inc. has a 12 month low of $16.69 and a 12 month high of $29.15. The business's 50-day moving average price is $19.93 and its 200-day moving average price is $20.06. The company has a market cap of $1.25 billion, a P/E ratio of 17.69 and a beta of 1.17.

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

American Assets Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, September 4th. This represents a $1.36 annualized dividend and a dividend yield of 6.6%. American Assets Trust's dividend payout ratio (DPR) is presently 117.24%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wall Street Zen cut shares of American Assets Trust from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Mizuho decreased their price objective on shares of American Assets Trust from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $20.50.

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.

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