Algert Global LLC Raises Holdings in American Assets Trust, Inc. $AAT

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

A number of other hedge funds have also made changes to their positions in the company. T. Rowe Price Investment Management Inc. raised its holdings in shares of American Assets Trust by 0.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,793,745 shares of the real estate investment trust's stock valued at $47,104,000 after acquiring an additional 6,039 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of American Assets Trust by 20.4% during the first quarter. Allianz Asset Management GmbH now owns 893,652 shares of the real estate investment trust's stock valued at $17,998,000 after acquiring an additional 151,541 shares during the last quarter. Northern Trust Corp grew its position in shares of American Assets Trust by 16.0% in the fourth quarter. Northern Trust Corp now owns 856,868 shares of the real estate investment trust's stock valued at $22,501,000 after purchasing an additional 118,315 shares in the last quarter. Nuveen LLC acquired a new stake in shares of American Assets Trust in the first quarter valued at approximately $16,603,000. Finally, Wellington Management Group LLP lifted its position in American Assets Trust by 693.7% during the fourth quarter. Wellington Management Group LLP now owns 661,763 shares of the real estate investment trust's stock worth $17,378,000 after buying an additional 578,386 shares in the last quarter. Institutional investors and hedge funds own 90.41% of the company's stock.

Wall Street Analyst Weigh In

AAT has been the subject of several analyst reports. Mizuho dropped their target price on American Assets Trust from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Wednesday, August 20th. 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. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, American Assets Trust has a consensus rating of "Hold" and an average price target of $20.50.

American Assets Trust Trading Down 0.6%

American Assets Trust stock traded down $0.1270 during mid-day trading on Monday, hitting $20.3730. The company's stock had a trading volume of 265,459 shares, compared to its average volume of 400,507. The firm has a market capitalization of $1.25 billion, a PE ratio of 17.56 and a beta of 1.17. American Assets Trust, Inc. has a 1 year low of $16.69 and a 1 year high of $29.15. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.50. The stock's fifty day moving average is $19.93 and its two-hundred day moving average is $20.01.

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 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $107.93 million during the quarter, compared to analyst estimates of $107.75 million. American Assets Trust had a return on equity of 6.47% and a net margin of 16.26%. American Assets Trust has set its FY 2025 guidance at 1.890-2.010 EPS. On average, analysts anticipate that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Dividend Announcement

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 given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 6.7%. The ex-dividend date is Thursday, September 4th. American Assets Trust's dividend payout ratio is presently 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.