Jacobs Levy Equity Management Inc. Invests $2.76 Million 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. bought a new position in American Assets Trust, Inc. (NYSE:AAT - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 136,959 shares of the real estate investment trust's stock, valued at approximately $2,758,000. Jacobs Levy Equity Management Inc. owned approximately 0.22% of American Assets Trust at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northern Trust Corp raised its holdings in shares of 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 valued at $22,501,000 after acquiring an additional 118,315 shares during the period. Bank of America Corp DE raised its holdings in shares of American Assets Trust by 9.3% during the fourth quarter. Bank of America Corp DE now owns 67,385 shares of the real estate investment trust's stock valued at $1,770,000 after acquiring an additional 5,745 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of American Assets Trust during the fourth quarter valued at approximately $574,000. Deutsche Bank AG raised its holdings in shares of American Assets Trust by 20.5% during the fourth quarter. Deutsche Bank AG now owns 76,529 shares of the real estate investment trust's stock valued at $2,010,000 after acquiring an additional 13,025 shares during the period. Finally, Graham Capital Management L.P. acquired a new stake in shares of American Assets Trust during the fourth quarter valued at approximately $441,000. 90.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have 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, August 20th. Wall Street Zen lowered shares of American Assets Trust from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, American Assets Trust presently has a consensus rating of "Hold" and an average price target of $20.50.

American Assets Trust Stock Performance

Shares of American Assets Trust stock traded down $0.07 on Monday, reaching $20.69. The stock had a trading volume of 19,411 shares, compared to its average volume of 407,179. The business's 50-day moving average price is $20.10 and its two-hundred day moving average price is $19.87. The company has a debt-to-equity ratio of 1.50, a quick ratio of 3.55 and a current 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. The stock has a market cap of $1.27 billion, a P/E ratio of 17.81 and a beta of 1.24.

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, 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 business had revenue of $107.93 million during 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, sell-side analysts forecast that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Dividend Announcement

The business 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. This represents a $1.36 annualized dividend and a yield of 6.6%. The ex-dividend date 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.