Graham Capital Management L.P. Boosts Stock Holdings in American Assets Trust, Inc. $AAT

Key Points

• Graham Capital Management L.P. increased its stake in American Assets Trust, Inc. by 154.8% during the first quarter, owning approximately 42,736 shares valued at $861,000.
• American Assets Trust recently announced a quarterly dividend of $0.34 per share, with a dividend yield of 6.6%.
• Wall Street analysts have recently downgraded American Assets Trust from a "buy" to a "hold" rating, with a consensus price target of $20.50.

Graham Capital Management L.P. raised its stake in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 154.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 42,736 shares of the real estate investment trust's stock after acquiring an additional 25,961 shares during the period. Graham Capital Management L.P. owned approximately 0.07% of American Assets Trust worth $861,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of American Assets Trust in the fourth quarter worth $63,000. State of Wyoming purchased a new position in American Assets Trust in the fourth quarter worth about $101,000. US Bancorp DE grew its stake in shares of American Assets Trust by 952.0% during the 1st quarter. US Bancorp DE now owns 10,415 shares of the real estate investment trust's stock valued at $210,000 after purchasing an additional 9,425 shares during the period. Retirement Planning Co of New England Inc. increased its position in shares of American Assets Trust by 20.9% during 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 purchasing an additional 1,830 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of 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 worth $218,000 after purchasing an additional 1,510 shares during the period. Hedge funds and other institutional investors own 90.41% of the company's stock.

American Assets Trust Stock Performance

Shares of AAT stock traded up $0.32 during trading hours on Friday, reaching $20.92. 368,754 shares of the company traded hands, compared to its average volume of 300,146. The firm has a 50-day moving average price of $20.05 and a 200 day moving average price of $19.94. The company has a market cap of $1.28 billion, a P/E ratio of 18.03 and a beta of 1.24. 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 released its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $107.75 million. American Assets Trust has set its FY 2025 guidance at 1.890-2.010 EPS. As a group, sell-side analysts predict that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently issued reports on AAT. 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. Mizuho decreased 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, August 20th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $20.50.

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.