Panagora Asset Management Inc. Has $6.07 Million Stock Holdings in American Assets Trust, Inc. $AAT

Key Points

• Panagora Asset Management Inc. increased its holdings in American Assets Trust, Inc. by 6.3% during Q1, now owning approximately 0.49% of the company valued at $6.07 million.
• American Assets Trust reported earnings of $0.52 per share for the last quarter, exceeding analysts' estimates and generating revenue of $107.93 million.
• The company recently announced a quarterly dividend of $0.34 per share, representing an annual yield of 6.5% with a payout ratio of 117.24%.

Panagora Asset Management Inc. increased its position in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 6.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 301,560 shares of the real estate investment trust's stock after buying an additional 17,905 shares during the quarter. Panagora Asset Management Inc. owned about 0.49% of American Assets Trust worth $6,073,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in American Assets Trust in the fourth quarter valued at approximately $63,000. State of Wyoming acquired a new position in American Assets Trust in the 4th quarter worth $101,000. US Bancorp DE lifted its holdings in American Assets Trust by 952.0% in the 1st quarter. US Bancorp DE now owns 10,415 shares of the real estate investment trust's stock worth $210,000 after buying an additional 9,425 shares in the last quarter. Retirement Planning Co of New England Inc. boosted its position in American Assets Trust by 20.9% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 10,600 shares of the real estate investment trust's stock valued at $213,000 after buying an additional 1,830 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of American Assets Trust by 16.2% during the first quarter. Russell Investments Group Ltd. now owns 10,844 shares of the real estate investment trust's stock valued at $218,000 after acquiring an additional 1,510 shares in the last quarter. Hedge funds and other institutional investors own 90.41% of the company's stock.

American Assets Trust Price Performance

Shares of NYSE AAT traded up $0.32 during trading on Friday, hitting $20.92. The company had a trading volume of 368,754 shares, compared to its average volume of 300,146. The company has a market cap of $1.28 billion, a P/E ratio of 18.03 and a beta of 1.24. American Assets Trust, Inc. has a 52 week low of $16.69 and a 52 week high of $29.15. The business's 50-day moving average is $20.05 and its 200 day moving average is $19.94. The company has a debt-to-equity ratio of 1.50, a quick ratio of 3.55 and a current ratio of 3.55.

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. 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. Equities research analysts predict that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid 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 6.5%. American Assets Trust's dividend payout ratio is currently 117.24%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AAT. Mizuho cut their target price on 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. Wall Street Zen downgraded shares of American Assets Trust from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $20.50.

American Assets Trust 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.