Argosy-Lionbridge Management initiated a $4.4 million stake in American Assets Trust during the third quarter, representing 2.9% of their assets under management. American Assets Trust now accounts for 2.9% of the fund’s assets, with top holdings in other stocks like REXR, AIV, and ELME.

American Assets Trust, a real estate investment trust, owns and manages a diverse portfolio of properties in high-demand U.S. markets, generating revenue through rentals and property management. Despite its stock price decline, the company posted stable cash flow, reaffirmed rent growth, and raised full-year guidance.

Shares of American Assets Trust were priced at $18.55 as of Monday, down 33% over the past year. The company reported revenue of $439.6 million and a net income of $61.5 million, with a dividend yield of 7.3%. The fund’s new position signals a potential value call in a stock that has underperformed but shows promise for stability and growth.

Argosy-Lionbridge Management disclosed a new position in American Assets Trust, acquiring 214,863 shares valued at $4.4 million. This move increases the fund’s total U.S. equities portfolio to $152 million across 14 reportable positions. American Assets Trust now represents 2.9% of the fund’s assets under management.

Read more at Yahoo Finance: Is a 33% Slide a Buying Opportunity? Inside One Fund’s New $4.4 Million American Assets Trust Position