American Assets Trust, Inc. $AAT Shares Sold by Algert Global LLC

Algert Global LLC trimmed its holdings in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 27.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 589,233 shares of the real estate investment trust's stock after selling 223,668 shares during the quarter. Algert Global LLC owned about 0.96% of American Assets Trust worth $14,548,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AAT. BlackRock Inc. acquired a new stake in shares of American Assets Trust during the 2nd quarter worth about $226,220,000. Senvest Management LLC boosted its position in American Assets Trust by 62.4% in the fourth quarter. Senvest Management LLC now owns 2,929,436 shares of the real estate investment trust's stock valued at $55,454,000 after buying an additional 1,125,474 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in American Assets Trust in the second quarter valued at about $11,162,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in American Assets Trust during the fourth quarter worth about $7,124,000. Finally, Citadel Advisors LLC grew its stake in American Assets Trust by 306.7% during the third quarter. Citadel Advisors LLC now owns 493,832 shares of the real estate investment trust's stock worth $10,035,000 after buying an additional 372,397 shares during the last quarter. 90.41% of the stock is currently owned by institutional investors and hedge funds.

American Assets Trust Trading Up 0.4%

Shares of NYSE AAT opened at $23.09 on Wednesday. American Assets Trust, Inc. has a 1-year low of $17.72 and a 1-year high of $25.97. The company has a 50-day moving average of $24.08 and a two-hundred day moving average of $21.72. The company has a market cap of $1.42 billion, a PE ratio of 79.64 and a beta of 0.96. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 1.61.

American Assets Trust (NYSE:AAT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $109.48 million during the quarter, compared to the consensus estimate of $110.64 million. American Assets Trust had a return on equity of 1.66% and a net margin of 4.09%.American Assets Trust has set its FY 2026 guidance at 2.030-2.030 EPS. As a group, equities analysts expect that American Assets Trust, Inc. will post 2.03 earnings per share for the current fiscal year.

American Assets Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Thursday, September 3rd. American Assets Trust's dividend payout ratio is 468.97%.

Wall Street Analyst Weigh In

A number of research firms recently commented on AAT. Weiss Ratings restated a "hold (c)" rating on shares of American Assets Trust in a research report on Tuesday, August 18th. Morgan Stanley lifted their price objective on American Assets Trust from $18.00 to $24.00 and gave the company an "underweight" rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, American Assets Trust presently has an average rating of "Reduce" and an average target price of $21.50.

About American Assets Trust

American Assets Trust, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops and manages a diversified portfolio of commercial properties across multiple asset classes. The company's holdings include retail centers, office buildings, multifamily communities and select hotel and resort properties. American Assets Trust pursues an integrated strategy combining proactive redevelopment, leasing initiatives and sustainable design to enhance asset value and drive long-term growth.

Founded in 1998 and headquartered in San Diego, California, American Assets Trust has built a presence in key markets along the West Coast and select western U.S.

Want to see what other hedge funds are holding AAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Assets Trust, Inc. (NYSE:AAT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source