AlphaQuest LLC Makes New Investment 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 purchased a new stake in American Assets Trust, Inc. (NYSE:AAT - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 68,116 shares of the real estate investment trust's stock, valued at approximately $1,372,000. AlphaQuest LLC owned about 0.11% of American Assets Trust as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. acquired a new position in American Assets Trust in the 1st quarter valued at $265,000. Millennium Management LLC raised its holdings in American Assets Trust by 22.3% in the 4th 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 last quarter. GAMMA Investing LLC raised its holdings in American Assets Trust by 1,438.0% in the 1st 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 last quarter. MQS Management LLC purchased a new stake in shares of American Assets Trust during the 1st quarter valued at $324,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of American Assets Trust during the 1st quarter valued at $785,000. 90.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on AAT shares. Mizuho lowered 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, August 20th. 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. Two analysts have rated the stock with a Hold rating, According to MarketBeat, American Assets Trust currently has a consensus rating of "Hold" and a consensus target price of $20.50.

American Assets Trust Stock Performance

AAT traded down $0.18 on Thursday, hitting $20.51. 53,122 shares of the company's stock were exchanged, compared to its average volume of 414,235. The firm has a market cap of $1.25 billion, a PE ratio of 17.67 and a beta of 1.17. American Assets Trust, Inc. has a twelve month low of $16.69 and a twelve month high of $29.15. The stock has a fifty day moving average of $19.93 and a two-hundred day moving average of $20.02. 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 (NYSE:AAT - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the consensus estimate 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%. American Assets Trust has set its FY 2025 guidance at 1.890-2.010 EPS. On average, research analysts anticipate that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Announces Dividend

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

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.