Vident Advisory LLC Sells 42,450 Shares of American Assets Trust, Inc. $AAT

Key Points

• Vident Advisory LLC has significantly reduced its stake in American Assets Trust by 75%, now holding 14,179 shares valued at $286,000.
• American Assets Trust recently reported earnings of $0.52 per share, surpassing analysts' expectations, and has provided estimates for FY 2025 EPS guidance between 1.890 and 2.010.
• The company announced a quarterly dividend of $0.34 per share, with an annualized yield of 6.7%, set to be paid on September 18th.

Vident Advisory LLC trimmed its holdings in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 75.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,179 shares of the real estate investment trust's stock after selling 42,450 shares during the quarter. Vident Advisory LLC's holdings in American Assets Trust were worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of AAT. Nuveen LLC bought a new position in shares of American Assets Trust in the 1st quarter worth about $16,603,000. Wellington Management Group LLP increased its stake in shares of American Assets Trust by 693.7% in the 4th quarter. Wellington Management Group LLP now owns 661,763 shares of the real estate investment trust's stock worth $17,378,000 after acquiring an additional 578,386 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of American Assets Trust in the 1st quarter worth about $5,612,000. T. Rowe Price Investment Management Inc. grew its position in American Assets Trust by 13.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,030,121 shares of the real estate investment trust's stock valued at $40,887,000 after purchasing an additional 236,376 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in American Assets Trust during the 4th quarter valued at about $4,829,000. 90.41% of the stock is currently owned by institutional investors.

American Assets Trust Stock Performance

Shares of NYSE AAT traded down $0.13 during trading on Monday, reaching $20.63. 214,323 shares of the company traded hands, compared to its average volume of 291,586. The firm has a 50 day simple moving average of $20.12 and a 200-day simple moving average of $19.86. 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 stock has a market capitalization of $1.26 billion, a PE ratio of 17.78 and a beta of 1.24. American Assets Trust, Inc. has a 52-week low of $16.69 and a 52-week high of $29.15.

American Assets Trust (NYSE:AAT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.03. The firm had revenue of $107.93 million for the quarter, compared to the consensus estimate of $107.75 million. American Assets Trust had a net margin of 16.26% and a return on equity of 6.47%. American Assets Trust has set its FY 2025 guidance at 1.890-2.010 EPS. Equities research analysts anticipate that American Assets Trust, Inc. will post 1.94 earnings per share for the current year.

American Assets Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a $0.34 dividend. 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 (DPR) is presently 117.24%.

Analyst Ratings Changes

Several analysts recently commented on AAT shares. Mizuho cut 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 research report on Wednesday, August 20th. Wall Street Zen downgraded shares of American Assets Trust from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price 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.