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

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. boosted its stake in American Assets Trust by 13.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,030,121 shares of the real estate investment trust's stock worth $40,887,000 after buying an additional 236,376 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings 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 buying an additional 151,541 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of American Assets Trust by 16.0% in the 4th quarter. Northern Trust Corp now owns 856,868 shares of the real estate investment trust's stock worth $22,501,000 after purchasing an additional 118,315 shares during the last quarter. Nuveen LLC acquired a new stake in American Assets Trust in the 1st quarter valued at approximately $16,603,000. Finally, Wellington Management Group LLP grew its position in American Assets Trust by 693.7% in 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. Institutional investors and hedge funds own 90.41% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on AAT. Mizuho decreased their target price 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 lowered shares of American Assets Trust from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $20.50.

American Assets Trust Stock Down 0.4%

Shares of NYSE AAT traded down $0.09 during mid-day trading on Friday, hitting $20.79. The company had a trading volume of 208,557 shares, compared to its average volume of 302,313. 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 firm has a 50-day simple moving average of $20.10 and a two-hundred day simple moving average of $19.90. The company has a market capitalization of $1.27 billion, a PE ratio of 17.93 and a beta of 1.24. American Assets Trust, Inc. has a one year low of $16.69 and a one year high of $29.15.

American Assets Trust (NYSE:AAT - Get Free Report) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $107.93 million during 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. On average, equities analysts expect that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given 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 yield of 6.5%. American Assets Trust's dividend payout ratio is 117.24%.

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.