Vanguard Group Inc. Cuts Position in American Assets Trust, Inc. $AAT

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. New Age Alpha Advisors LLC lifted its holdings in American Assets Trust by 33.1% in the first quarter. New Age Alpha Advisors LLC now owns 85,147 shares of the real estate investment trust's stock valued at $1,715,000 after acquiring an additional 21,151 shares during the last quarter. US Bancorp DE raised its position in American Assets Trust by 952.0% in the first quarter. US Bancorp DE now owns 10,415 shares of the real estate investment trust's stock valued at $210,000 after purchasing an additional 9,425 shares during the period. Natixis Advisors LLC raised its position in American Assets Trust by 4.7% in the first quarter. Natixis Advisors LLC now owns 13,796 shares of the real estate investment trust's stock valued at $278,000 after purchasing an additional 618 shares during the period. XTX Topco Ltd acquired a new position in shares of American Assets Trust in the 1st quarter valued at $280,000. Finally, GSA Capital Partners LLP purchased a new position in shares of American Assets Trust during the 1st quarter worth $785,000. Institutional investors and hedge funds own 90.41% of the company's stock.

American Assets Trust Trading Down 0.5%

NYSE:AAT traded down $0.11 on Tuesday, reaching $20.30. 348,320 shares of the company's stock were exchanged, compared to its average volume of 401,774. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 17.50 and a beta of 1.17. American Assets Trust, Inc. has a 52-week low of $16.69 and a 52-week 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. The business has a fifty day moving average of $19.92 and a 200-day moving average of $20.02.

American Assets Trust (NYSE:AAT - Get Free Report) last issued 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 company had revenue of $107.93 million during 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. As a group, analysts expect that American Assets Trust, Inc. will post 1.94 earnings per share for the current year.

American Assets Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Thursday, September 4th. American Assets Trust's payout ratio is presently 117.24%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wall Street Zen lowered shares of American Assets Trust from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Mizuho decreased their price objective on shares of American Assets Trust from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Wednesday, August 20th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $20.50.

About American Assets Trust

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.