American Assets Trust, Inc. $AAT Shares Bought by Algert Global LLC

Key Points

• Algert Global LLC increased its holdings in American Assets Trust by 21.5%, now owning approximately 0.31% of the company valued at $3.78 million.
• American Assets Trust reported an EPS of $0.52, surpassing analysts' expectations and outlined a FY 2025 guidance of EPS between $1.890-2.010.
• A quarterly dividend of $0.34 per share is set to be paid on September 18th, representing an annual yield of 6.8%.

Algert Global LLC lifted its position in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 21.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,955 shares of the real estate investment trust's stock after purchasing an additional 33,300 shares during the quarter. Algert Global LLC owned 0.31% of American Assets Trust worth $3,785,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in American Assets Trust during the fourth quarter valued at $63,000. State of Wyoming acquired a new stake in American Assets Trust during the fourth quarter valued at $101,000. US Bancorp DE grew its position in American Assets Trust by 952.0% during the first quarter. US Bancorp DE now owns 10,415 shares of the real estate investment trust's stock valued at $210,000 after buying an additional 9,425 shares during the period. Retirement Planning Co of New England Inc. grew its position in American Assets Trust by 20.9% during the first 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 period. Finally, Russell Investments Group Ltd. grew its position in 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 buying an additional 1,510 shares during the period. Institutional investors and hedge funds own 90.41% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on AAT. Mizuho dropped their price target 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. Wall Street Zen lowered shares of American Assets Trust from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Morgan Stanley dropped 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. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $20.50.

American Assets Trust Price Performance

NYSE AAT traded up $0.7180 on Friday, hitting $20.5180. The company had a trading volume of 623,978 shares, compared to its average volume of 382,343. The company has a market capitalization of $1.25 billion, a PE ratio of 17.69 and a beta of 1.17. The company's fifty day moving average price is $19.93 and its 200-day moving average price is $20.06. 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, Inc. has a 12-month low of $16.69 and a 12-month high of $29.15.

American Assets Trust (NYSE:AAT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. American Assets Trust had a net margin of 16.26% and a return on equity of 6.47%. The company 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. As a group, analysts predict that American Assets Trust, Inc. will post 1.94 earnings per share for the current year.

American Assets Trust Announces Dividend

The company 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 $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Thursday, September 4th. American Assets Trust's dividend payout ratio is currently 117.24%.

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.