LSV Asset Management Has $39.08 Million Stock Holdings in American Assets Trust, Inc. (NYSE:AAT)

Key Points

• LSV Asset Management reduced its ownership of American Assets Trust (NYSE:AAT) by 2.6%, selling 51,500 shares and holding 1,940,296 shares valued at approximately $39 million.
• The company reported quarterly earnings of $0.52 EPS, exceeding analyst expectations, and announced a quarterly dividend of $0.34 per share, with a yield of 7.2%.
• Analyst ratings have shifted with Morgan Stanley lowering its price target from $24.00 to $20.00 and Wall Street Zen downgrading the stock from a "buy" to a "hold" rating.

LSV Asset Management reduced its position in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,940,296 shares of the real estate investment trust's stock after selling 51,500 shares during the quarter. LSV Asset Management owned about 3.17% of American Assets Trust worth $39,078,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AAT. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of American Assets Trust during the fourth quarter valued at about $63,000. Federated Hermes Inc. raised 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 worth $74,000 after acquiring an additional 1,089 shares in the last quarter. State of Wyoming purchased a new position in American Assets Trust during the 4th quarter worth approximately $101,000. KLP Kapitalforvaltning AS purchased a new position in American Assets Trust during the 4th quarter worth $231,000. Finally, US Bancorp DE raised its stake in American Assets Trust by 952.0% during the 1st quarter. US Bancorp DE now owns 10,415 shares of the real estate investment trust's stock valued at $210,000 after acquiring an additional 9,425 shares during the last quarter. Hedge funds and other institutional investors own 90.41% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Morgan Stanley dropped their target price on shares of American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Wall Street Zen downgraded American Assets Trust from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd.

American Assets Trust Stock Down 0.7%

American Assets Trust stock traded down $0.13 during mid-day trading on Thursday, hitting $19.00. The company's stock had a trading volume of 173,896 shares, compared to its average volume of 424,583. The firm's 50 day moving average is $20.09 and its 200 day moving average is $20.47. The company has a debt-to-equity ratio of 1.50, a current ratio of 3.55 and a quick ratio of 4.12. American Assets Trust, Inc. has a 52-week low of $16.69 and a 52-week high of $29.15. The company has a market cap of $1.16 billion, a PE ratio of 16.38 and a beta of 1.17.

American Assets Trust (NYSE:AAT - Get Free Report) last released its 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. The firm had revenue of $107.93 million during the quarter, compared to analysts' expectations of $107.75 million. American Assets Trust had a net margin of 16.26% and a return on equity of 6.47%. On average, analysts anticipate that American Assets Trust, Inc. will post 1.94 earnings per share for the current year.

American Assets Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a $0.34 dividend. The ex-dividend date is Thursday, September 4th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 7.2%. American Assets Trust's payout ratio is 117.24%.

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.