American Assets Trust, Inc. (NYSE:AAT) Short Interest Down 26.1% in August

Key Points

• American Assets Trust, Inc. experienced a significant decrease in short interest, with a drop of 26.1% to 960,400 shares by August 31.
• The company recently reported quarterly earnings of $0.52 per share, exceeding expectations, and has set FY 2025 guidance between $1.890 and $2.010 EPS.
• A quarterly dividend of $0.34 per share was declared, resulting in a 6.5% annualized dividend yield, with a payout ratio of 117.24%.

American Assets Trust, Inc. (NYSE:AAT - Get Free Report) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 960,400 shares, a drop of 26.1% from the August 15th total of 1,300,000 shares. Based on an average daily volume of 426,000 shares, the days-to-cover ratio is presently 2.3 days. Currently, 2.1% of the company's stock are sold short. Currently, 2.1% of the company's stock are sold short. Based on an average daily volume of 426,000 shares, the days-to-cover ratio is presently 2.3 days.

American Assets Trust Stock Up 2.3%

Shares of NYSE AAT traded up $0.47 during midday trading on Thursday, reaching $21.05. 321,231 shares of the company's stock were exchanged, compared to its average volume of 302,839. The stock has a market capitalization of $1.29 billion, a PE ratio of 18.15 and a beta of 1.24. American Assets Trust has a 52-week low of $16.69 and a 52-week high of $29.15. The business's fifty day moving average price is $20.13 and its two-hundred day moving average price is $19.86. 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 (NYSE:AAT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.03. The business had revenue of $107.93 million during the quarter, compared to the consensus estimate of $107.75 million. American Assets Trust had a return on equity of 6.47% and a net margin of 16.26%. American Assets Trust has set its FY 2025 guidance at 1.890-2.010 EPS. Analysts forecast that American Assets Trust will post 1.94 EPS for the current year.

American Assets Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Thursday, September 4th. American Assets Trust's dividend payout ratio (DPR) is 117.24%.

Analyst Upgrades and Downgrades

Several research firms have commented 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 research report on Wednesday, August 20th. Wall Street Zen lowered 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 data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $20.50.

Hedge Funds Weigh In On American Assets Trust

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in American Assets Trust by 262.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,704 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 1,234 shares in the last quarter. State of Wyoming acquired a new position in American Assets Trust in the fourth quarter worth about $101,000. Tower Research Capital LLC TRC grew its stake in American Assets Trust by 32.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,774 shares of the real estate investment trust's stock worth $94,000 after purchasing an additional 1,165 shares in the last quarter. CWM LLC grew its stake in American Assets Trust by 229.6% in the second quarter. CWM LLC now owns 8,382 shares of the real estate investment trust's stock worth $166,000 after purchasing an additional 5,839 shares in the last quarter. Finally, Virtus Investment Advisers LLC boosted its stake in American Assets Trust by 47.1% in the second quarter. Virtus Investment Advisers LLC now owns 8,480 shares of the real estate investment trust's stock valued at $167,000 after acquiring an additional 2,715 shares during the period. 90.41% of the stock is currently owned by institutional investors and hedge funds.

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.