Cubist Systematic Strategies LLC Buys 84,986 Shares of American Assets Trust, Inc. $AAT

Key Points

• Cubist Systematic Strategies LLC increased its ownership in American Assets Trust, Inc. by 388.8% in the first quarter, now holding 106,846 shares valued at approximately $2.15 million.
• American Assets Trust recently announced a quarterly dividend of $0.34 per share, with an annualized yield of 6.5% and a payout ratio of 117.24%.
• The company's stock has seen mixed analyst ratings, with Mizuho lowering its price target from $22.00 to $21.00 and maintaining a "neutral" stance.

Cubist Systematic Strategies LLC increased its stake in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 388.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,846 shares of the real estate investment trust's stock after acquiring an additional 84,986 shares during the period. Cubist Systematic Strategies LLC owned about 0.17% of American Assets Trust worth $2,152,000 as of its most recent SEC filing.

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 shares of American Assets Trust during the fourth quarter worth $63,000. State of Wyoming acquired a new stake in shares of American Assets Trust during the fourth quarter worth $101,000. US Bancorp DE increased its stake 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 valued at $210,000 after buying an additional 9,425 shares during the last quarter. Retirement Planning Co of New England Inc. increased its stake 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. increased its stake in American Assets Trust by 16.2% in the 1st 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 last quarter. 90.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AAT shares. Wall Street Zen lowered shares of American Assets Trust from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Mizuho lowered 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 note on Wednesday, August 20th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, American Assets Trust has a consensus rating of "Hold" and a consensus price target of $20.50.

American Assets Trust Stock Performance

Shares of American Assets Trust stock traded down $0.09 during trading on Friday, hitting $20.79. 208,557 shares of the stock were exchanged, compared to its average volume of 302,313. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 17.93 and a beta of 1.24. The company has a fifty day moving average price of $20.10 and a 200-day moving average price of $19.90. 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.

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 company 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. As a group, equities analysts predict that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.36 annualized dividend and a dividend yield of 6.5%. American Assets Trust's payout ratio is presently 117.24%.

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.