Fuller & Thaler Asset Management Inc. Grows Stock Holdings in American Assets Trust, Inc. $AAT

Key Points

• Fuller & Thaler Asset Management Inc. increased its holdings in American Assets Trust by 51.3% in the first quarter, owning approximately 186,566 shares worth about $3.76 million.
• Several hedge funds, including Millennium Management and GAMMA Investing LLC, have also increased their positions, indicating strong institutional interest as they collectively own 90.41% of the stock.
• Analysts have lowered price targets for American Assets Trust, with the consensus price target now at $20.50, reflecting a shift to a 'hold' rating from previous 'buy' ratings.

Fuller & Thaler Asset Management Inc. grew its holdings in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 51.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 186,566 shares of the real estate investment trust's stock after purchasing an additional 63,242 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 0.31% of American Assets Trust worth $3,757,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. acquired a new position in shares of American Assets Trust during the 1st quarter valued at about $265,000. Millennium Management LLC lifted its position in American Assets Trust by 22.3% during the fourth quarter. Millennium Management LLC now owns 346,167 shares of the real estate investment trust's stock valued at $9,090,000 after buying an additional 63,023 shares in the last quarter. GAMMA Investing LLC grew its stake in American Assets Trust by 1,438.0% during the first quarter. GAMMA Investing LLC now owns 18,025 shares of the real estate investment trust's stock worth $363,000 after buying an additional 16,853 shares during the period. MQS Management LLC purchased a new stake in American Assets Trust during the 1st quarter worth $324,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of American Assets Trust in the first quarter valued at about $785,000. Institutional investors and hedge funds own 90.41% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Mizuho cut 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 report on Wednesday. Morgan Stanley reduced their price target on American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Finally, 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 research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $20.50.

American Assets Trust Stock Down 1.0%

Shares of American Assets Trust stock opened at $19.7290 on Thursday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 17.01 and a beta of 1.17. The stock has a 50-day simple moving average of $19.94 and a 200-day simple moving average of $20.12. American Assets Trust, Inc. has a 52-week low of $16.69 and a 52-week high of $29.15. 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 (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, beating 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, equities research analysts expect that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Thursday, September 4th. American Assets Trust's dividend payout ratio is presently 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.

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