Entropy Technologies LP Buys Shares of 11,079 American Assets Trust, Inc. $AAT

Entropy Technologies LP acquired a new stake in shares of American Assets Trust, Inc. (NYSE:AAT) in the second quarter, HoldingsChannel reports. The institutional investor acquired 11,079 shares of the real estate investment trust’s stock, valued at approximately $219,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Senvest Management LLC purchased a new position in American Assets Trust in the second quarter worth about $14,184,000. Nomura Asset Management Co. Ltd. increased its position in shares of American Assets Trust by 6.5% during the second quarter. Nomura Asset Management Co. Ltd. now owns 67,140 shares of the real estate investment trust’s stock valued at $1,326,000 after acquiring an additional 4,100 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in American Assets Trust by 8.9% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 206,222 shares of the real estate investment trust’s stock worth $4,073,000 after acquiring an additional 16,801 shares during the last quarter. Creative Planning purchased a new position in American Assets Trust in the 2nd quarter worth approximately $253,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in American Assets Trust by 7.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,793 shares of the real estate investment trust’s stock valued at $569,000 after acquiring an additional 1,996 shares in the last quarter. 90.41% of the stock is owned by institutional investors.

American Assets Trust Price Performance

Shares of NYSE:AAT opened at $19.48 on Thursday. The company has a debt-to-equity ratio of 1.52, a current ratio of 3.34 and a quick ratio of 3.55. American Assets Trust, Inc. has a 1-year low of $16.69 and a 1-year high of $29.15. The company has a market capitalization of $1.19 billion, a P/E ratio of 19.29 and a beta of 1.20. The firm’s 50 day simple moving average is $19.66 and its two-hundred day simple moving average is $19.91.

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

American Assets Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Mizuho lowered their price target 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. Wall Street Zen cut shares of American Assets Trust from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Assets Trust in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, American Assets Trust currently has an average rating of “Hold” and a consensus target price 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.