Russell Investments Group Ltd. Buys 1,510 Shares of American Assets Trust, Inc. $AAT

Russell Investments Group Ltd. grew its stake in American Assets Trust, Inc. (NYSE:AAT) by 16.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,844 shares of the real estate investment trust’s stock after acquiring an additional 1,510 shares during the period. Russell Investments Group Ltd.’s holdings in American Assets Trust were worth $218,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. bought a new position in American Assets Trust in the 1st quarter worth about $265,000. Millennium Management LLC grew its stake 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 acquiring an additional 63,023 shares in the last quarter. GAMMA Investing LLC grew its stake in American Assets Trust by 1,438.0% in the 1st 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 in the last quarter. Invesco Ltd. grew its stake in 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 acquiring an additional 95,130 shares in the last quarter. Finally, MQS Management LLC bought a new position in American Assets Trust in the 1st quarter worth about $324,000. 90.41% of the stock is currently owned by institutional investors.

American Assets Trust Trading Down 1.6%

NYSE:AAT opened at $20.58 on Wednesday. American Assets Trust, Inc. has a 52 week low of $16.69 and a 52 week high of $29.15. The firm has a 50 day moving average of $19.98 and a 200 day moving average of $19.96. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 17.74 and a beta of 1.24.

American Assets Trust (NYSE:AAT) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.52 EPS for the quarter, beating 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 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. As a group, sell-side analysts anticipate that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Dividend Announcement

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 given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.36 dividend on an annualized basis and a yield of 6.6%. American Assets Trust’s dividend payout ratio is presently 117.24%.

Wall Street Analysts Forecast Growth

AAT has been the topic of a number of research analyst reports. Mizuho dropped their target price on shares of 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 cut shares of American Assets Trust from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, American Assets Trust presently has an average rating of “Hold” and an average price target of $20.50.

American Assets Trust 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.