American Assets Trust, Inc. (NYSE:AAT) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management trimmed its position in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 44.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,824 shares of the real estate investment trust's stock after selling 43,457 shares during the period. Ritholtz Wealth Management owned 0.09% of American Assets Trust worth $1,084,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in American Assets Trust by 3.7% during the 4th 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. New York State Common Retirement Fund boosted its stake in American Assets Trust by 6.1% during the 4th quarter. New York State Common Retirement Fund now owns 17,831 shares of the real estate investment trust's stock valued at $468,000 after purchasing an additional 1,019 shares during the period. Federated Hermes Inc. boosted its stake in American Assets Trust by 62.7% during the 4th quarter. Federated Hermes Inc. now owns 2,827 shares of the real estate investment trust's stock valued at $74,000 after purchasing an additional 1,089 shares during the period. Sterling Capital Management LLC lifted its stake in shares of American Assets Trust by 8.1% in the 4th quarter. Sterling Capital Management LLC now owns 18,225 shares of the real estate investment trust's stock worth $479,000 after acquiring an additional 1,368 shares during the period. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of American Assets Trust in the 4th quarter worth approximately $44,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AAT. Mizuho reduced their price target on shares of American Assets Trust from $28.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Wall Street Zen raised shares of American Assets Trust from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, Morgan Stanley reduced their price target on shares of American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th.

American Assets Trust Price Performance

Shares of NYSE:AAT traded down $0.12 during trading on Friday, reaching $20.21. The company had a trading volume of 1,053,869 shares, compared to its average volume of 324,431. The firm's fifty day moving average is $19.53 and its 200 day moving average is $21.82. The firm has a market capitalization of $1.24 billion, a PE ratio of 15.91 and a beta of 1.16. American Assets Trust, Inc. has a twelve month low of $16.69 and a twelve month high of $29.15. The company has a debt-to-equity ratio of 1.47, a quick ratio of 4.12 and a current ratio of 4.12.

American Assets Trust (NYSE:AAT - Get Free Report) last released its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.52 EPS for the quarter, beating the consensus estimate of $0.45 by $0.07. American Assets Trust had a net margin of 17.57% and a return on equity of 7.02%. The business had revenue of $108.61 million during the quarter, compared to analyst estimates of $112.05 million. On average, equities analysts forecast that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Investors of record on Thursday, June 5th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 6.73%. The ex-dividend date was Thursday, June 5th. American Assets Trust's dividend payout ratio is presently 107.09%.

American Assets Trust 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.