Fuller & Thaler Asset Management Inc. Boosts Stake 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 American Assets Trust, Inc. (NYSE:AAT - Free Report) by 51.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 186,566 shares of the real estate investment trust's stock after buying an additional 63,242 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 0.31% of American Assets Trust worth $3,757,000 as of its most recent SEC filing.

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

American Assets Trust Trading Down 1.0%

NYSE AAT traded down $0.20 on Tuesday, reaching $20.21. 33,536 shares of the company were exchanged, compared to its average volume of 415,458. The business's fifty day moving average price is $19.93 and its 200 day moving average price is $20.01. The stock has a market capitalization of $1.24 billion, a P/E ratio of 17.44 and a beta of 1.17. 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, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $29.15.

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 analysts' consensus estimates 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 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. Analysts forecast that American Assets Trust, Inc. will post 1.94 earnings per share for the current 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 $0.34 dividend. The ex-dividend date is Thursday, September 4th. This represents a $1.36 dividend on an annualized basis and a yield of 6.7%. American Assets Trust's payout ratio is currently 117.24%.

Wall Street Analysts Forecast Growth

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

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.