HighTower Advisors LLC Invests $458,000 in American Assets Trust, Inc. $AAT

Key Points

• HighTower Advisors LLC invested approximately $458,000 in American Assets Trust, acquiring 22,752 shares, as reported in their recent SEC filing.
• American Assets Trust plans to pay a quarterly dividend of $0.34 per share, with an annual yield of 6.5%, reflecting a high payout ratio of 117.24%.
• According to analysts, the stock's average rating is "Hold" with a target price of $20.50, signaling cautious optimism for investors.

HighTower Advisors LLC acquired a new position in American Assets Trust, Inc. (NYSE:AAT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 22,752 shares of the real estate investment trust's stock, valued at approximately $458,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AAT. Robeco Institutional Asset Management B.V. bought a new stake in American Assets Trust during the first quarter worth about $265,000. Invesco Ltd. increased its holdings in shares of American Assets Trust by 39.6% in the 1st quarter. Invesco Ltd. now owns 335,102 shares of the real estate investment trust's stock worth $6,749,000 after purchasing an additional 95,130 shares in the last quarter. Millennium Management LLC increased its holdings in American Assets Trust by 22.3% in the 4th quarter. Millennium Management LLC now owns 346,167 shares of the real estate investment trust's stock worth $9,090,000 after buying an additional 63,023 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 valued at $363,000 after purchasing an additional 16,853 shares during the last quarter. Finally, MQS Management LLC purchased a new stake in American Assets Trust in the first quarter worth approximately $324,000. Hedge funds and other institutional investors own 90.41% of the company's stock.

American Assets Trust Price Performance

AAT stock traded down $0.01 during midday trading on Thursday, hitting $20.51. The company's stock had a trading volume of 75,397 shares, compared to its average volume of 411,597. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.50. American Assets Trust, Inc. has a 12 month low of $16.69 and a 12 month high of $29.15. The company has a 50 day moving average of $20.01 and a two-hundred day moving average of $19.97. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 17.69 and a beta of 1.24.

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 (EPS) for the quarter, beating the consensus estimate 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 firm 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. On average, analysts expect that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a $0.34 dividend. The ex-dividend date is Thursday, September 4th. This represents a $1.36 annualized dividend and a yield of 6.6%. American Assets Trust's payout ratio is presently 117.24%.

Wall Street Analyst Weigh In

AAT has been the subject of a number of recent research reports. Wall Street Zen downgraded American Assets Trust from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Mizuho cut their price objective on shares of American Assets Trust from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Wednesday, August 20th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, American Assets Trust currently has an average rating of "Hold" and an average target price 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.