Northern Trust Corp Lowers Stock Position in American Assets Trust, Inc. $AAT

Key Points

• Northern Trust Corp reduced its stake in American Assets Trust, Inc. by 2.5%, owning 835,052 shares post-sale, valued at approximately $16.8 million.
• American Assets Trust recently declared a quarterly dividend of $0.34 per share, yielding about 6.6%, with a payout ratio of 117.24%.
• Analysts have lowered their price target for American Assets Trust from $22.00 to $21.00, now holding a consensus target price of $20.50.

Northern Trust Corp trimmed its holdings in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 2.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 835,052 shares of the real estate investment trust's stock after selling 21,816 shares during the quarter. Northern Trust Corp owned approximately 1.37% of American Assets Trust worth $16,818,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AAT. Allianz Asset Management GmbH grew its position in American Assets Trust by 20.4% during the 1st quarter. Allianz Asset Management GmbH now owns 893,652 shares of the real estate investment trust's stock worth $17,998,000 after purchasing an additional 151,541 shares during the last quarter. Nuveen LLC acquired a new stake in shares of American Assets Trust during the first quarter worth about $16,603,000. Wellington Management Group LLP grew its holdings in shares of American Assets Trust by 693.7% during the fourth quarter. Wellington Management Group LLP now owns 661,763 shares of the real estate investment trust's stock worth $17,378,000 after buying an additional 578,386 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in American Assets Trust by 4.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 431,982 shares of the real estate investment trust's stock valued at $11,344,000 after acquiring an additional 20,173 shares during the period. Finally, Millennium Management LLC increased its position in American Assets Trust by 22.3% in the 4th quarter. Millennium Management LLC now owns 346,167 shares of the real estate investment trust's stock valued at $9,090,000 after acquiring an additional 63,023 shares during the period. Institutional investors and hedge funds own 90.41% of the company's stock.

American Assets Trust Stock Performance

Shares of AAT stock opened at $20.58 on Wednesday. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.50. The stock has a 50 day simple moving average of $19.98 and a 200-day simple moving average of $19.96. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 17.74 and a beta of 1.24. American Assets Trust, Inc. has a 12-month low of $16.69 and a 12-month high of $29.15.

American Assets Trust (NYSE:AAT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.03. The firm had revenue of $107.93 million for the quarter, compared to analyst estimates of $107.75 million. American Assets Trust had a return on equity of 6.47% and a net margin of 16.26%. American Assets Trust has set its FY 2025 guidance at 1.890-2.010 EPS. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.6%. American Assets Trust's dividend payout ratio is 117.24%.

Analyst Upgrades and Downgrades

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

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.

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