Bailard Inc. Acquires Shares of 37,900 American Assets Trust, Inc. $AAT

Bailard Inc. bought a new position in shares of American Assets Trust, Inc. (NYSE:AAT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 37,900 shares of the real estate investment trust’s stock, valued at approximately $749,000. Bailard Inc. owned approximately 0.06% of American Assets Trust as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in shares of American Assets Trust by 5.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,391,478 shares of the real estate investment trust’s stock worth $27,484,000 after purchasing an additional 72,458 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of American Assets Trust during the 2nd quarter valued at approximately $295,000. Fox Run Management L.L.C. acquired a new stake in American Assets Trust in the second quarter valued at approximately $395,000. Penserra Capital Management LLC bought a new stake in shares of American Assets Trust during the second quarter worth $1,063,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of American Assets Trust by 5.1% during the second quarter. Bank of New York Mellon Corp now owns 487,412 shares of the real estate investment trust’s stock worth $9,626,000 after buying an additional 23,656 shares in the last quarter. 90.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AAT. Mizuho cut their price objective on American Assets Trust from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, August 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Assets Trust in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut American Assets Trust from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, American Assets Trust has an average rating of “Hold” and an average price target of $20.50.

American Assets Trust Stock Up 0.9%

American Assets Trust stock opened at $19.33 on Friday. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 19.14 and a beta of 1.20. American Assets Trust, Inc. has a 52-week low of $16.69 and a 52-week high of $29.15. The company has a debt-to-equity ratio of 1.52, a quick ratio of 3.55 and a current ratio of 3.34. The firm has a 50 day moving average price of $19.91 and a two-hundred day moving average price of $19.90.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. American Assets Trust had a net margin of 13.98% and a return on equity of 5.43%. The company had revenue of $109.58 million during the quarter, compared to analysts’ expectations of $105.71 million. American Assets Trust has set its FY 2025 guidance at 1.930-2.010 EPS. Equities analysts predict that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $1.36 annualized dividend and a yield of 7.0%. American Assets Trust’s payout ratio is 134.65%.

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.