American Assets Trust, Inc. $AAT Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its holdings in American Assets Trust by 1.1%, currently owning approximately 12.59% of the company, equivalent to $155 million.
• American Assets Trust reported a quarterly EPS of $0.52, exceeding analysts' expectations, and provided FY 2025 guidance in the range of $1.890-2.010 EPS.
• The company declared a quarterly dividend of $0.34 per share, with a dividend yield of 6.9%, despite a payout ratio of 117.24%.

Vanguard Group Inc. decreased its position in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,699,015 shares of the real estate investment trust's stock after selling 86,440 shares during the quarter. Vanguard Group Inc. owned about 12.59% of American Assets Trust worth $155,058,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Natixis Advisors LLC boosted its holdings in shares of American Assets Trust by 4.7% during the first quarter. Natixis Advisors LLC now owns 13,796 shares of the real estate investment trust's stock valued at $278,000 after acquiring an additional 618 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of American Assets Trust by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,250 shares of the real estate investment trust's stock valued at $716,000 after purchasing an additional 971 shares during the period. MetLife Investment Management LLC increased its holdings in shares of American Assets Trust by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 30,503 shares of the real estate investment trust's stock valued at $801,000 after purchasing an additional 1,700 shares during the period. Tudor Investment Corp ET AL increased its holdings in shares of American Assets Trust by 2.4% during the fourth quarter. Tudor Investment Corp ET AL now owns 72,398 shares of the real estate investment trust's stock valued at $1,901,000 after purchasing an additional 1,703 shares during the period. Finally, Retirement Planning Co of New England Inc. increased its holdings in shares of American Assets Trust by 20.9% during the first quarter. Retirement Planning Co of New England Inc. now owns 10,600 shares of the real estate investment trust's stock valued at $213,000 after purchasing an additional 1,830 shares during the period. Institutional investors and hedge funds own 90.41% of the company's stock.

American Assets Trust Price Performance

AAT opened at $19.7290 on Thursday. The stock has a fifty day moving average of $19.94 and a 200-day moving average of $20.12. The firm has a market capitalization of $1.21 billion, a P/E ratio of 17.01 and a beta of 1.17. American Assets Trust, Inc. has a 12-month low of $16.69 and a 12-month high of $29.15. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.50.

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, beating the consensus estimate of $0.49 by $0.03. American Assets Trust had a net margin of 16.26% and a return on equity of 6.47%. The business had revenue of $107.93 million for the quarter, compared to analysts' expectations of $107.75 million. American Assets Trust has set its FY 2025 guidance at 1.890-2.010 EPS. Equities analysts forecast that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Thursday, September 4th. American Assets Trust's payout ratio is currently 117.24%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Mizuho cut their price objective on American Assets Trust from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Wednesday. Wall Street Zen cut American Assets Trust from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Morgan Stanley decreased their target price on American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $20.50.

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.

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