Jacobs Levy Equity Management Inc. Takes Position in American Assets Trust, Inc. $AAT

Key Points

• Jacobs Levy Equity Management Inc. acquired 136,959 shares of American Assets Trust, valued at approximately $2.76 million, and now holds 0.22% of the company.
• American Assets Trust recently reported earnings of $0.52 per share for the quarter, exceeding estimates, and announced a quarterly dividend of $0.34, yielding 6.7%.
• Institutional investors own a significant majority, at 90.41%, with recent moves from various funds indicating increasing interest in the stock.

Jacobs Levy Equity Management Inc. purchased a new stake in American Assets Trust, Inc. (NYSE:AAT - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 136,959 shares of the real estate investment trust's stock, valued at approximately $2,758,000. Jacobs Levy Equity Management Inc. owned 0.22% of American Assets Trust at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. raised its holdings in American Assets Trust by 13.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,030,121 shares of the real estate investment trust's stock valued at $40,887,000 after acquiring an additional 236,376 shares in the last quarter. Allianz Asset Management GmbH raised its stake in American Assets Trust by 20.4% in the first quarter. Allianz Asset Management GmbH now owns 893,652 shares of the real estate investment trust's stock valued at $17,998,000 after purchasing an additional 151,541 shares in the last quarter. Northern Trust Corp lifted its position in American Assets Trust by 16.0% during the fourth quarter. Northern Trust Corp now owns 856,868 shares of the real estate investment trust's stock worth $22,501,000 after purchasing an additional 118,315 shares during the period. Nuveen LLC bought a new stake in American Assets Trust during the first quarter worth about $16,603,000. Finally, Wellington Management Group LLP grew its stake in American Assets Trust by 693.7% during the fourth quarter. Wellington Management Group LLP now owns 661,763 shares of the real estate investment trust's stock worth $17,378,000 after buying an additional 578,386 shares in the last quarter. Institutional investors own 90.41% of the company's stock.

American Assets Trust Stock Performance

Shares of American Assets Trust stock opened at $20.17 on Wednesday. The company's 50 day moving average price is $20.07 and its two-hundred day moving average price is $19.92. The firm has a market capitalization of $1.23 billion, a P/E ratio of 17.39 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 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, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $107.93 million for the quarter, compared to the consensus estimate 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. On average, equities analysts forecast that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Thursday, September 4th. American Assets Trust's dividend payout ratio (DPR) is 117.24%.

Analyst Ratings Changes

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

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