Wellington Management Group LLP Reduces Stock Position in American Assets Trust, Inc. $AAT

Key Points

• Wellington Management Group LLP significantly decreased its stake in American Assets Trust by 65.5% in Q1, selling 433,229 shares and now owning 228,534 shares valued at about $4.6 million.
• Several other hedge funds have adjusted their positions, with Allianz Asset Management increasing its stake by 20.4%, and 90.41% of the stock currently owned by institutional investors.
• American Assets Trust recently reported earnings of $0.52 per share, exceeding expectations, and declared a $0.34 quarterly dividend with a 6.5% yield.

Wellington Management Group LLP lowered its position in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 65.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 228,534 shares of the real estate investment trust's stock after selling 433,229 shares during the quarter. Wellington Management Group LLP owned approximately 0.37% of American Assets Trust worth $4,603,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Natixis Advisors LLC lifted its holdings in shares of American Assets Trust by 4.7% in the 1st quarter. Natixis Advisors LLC now owns 13,796 shares of the real estate investment trust's stock worth $278,000 after buying an additional 618 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in American Assets Trust by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,250 shares of the real estate investment trust's stock worth $716,000 after acquiring an additional 971 shares during the period. Russell Investments Group Ltd. lifted its stake in American Assets Trust by 16.2% in the first quarter. Russell Investments Group Ltd. now owns 10,844 shares of the real estate investment trust's stock worth $218,000 after acquiring an additional 1,510 shares during the period. MetLife Investment Management LLC grew its holdings in American Assets Trust by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 30,503 shares of the real estate investment trust's stock worth $801,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its position in American Assets Trust by 2.4% during the 4th quarter. Tudor Investment Corp ET AL now owns 72,398 shares of the real estate investment trust's stock valued at $1,901,000 after purchasing an additional 1,703 shares during the period. 90.41% of the stock is currently owned by hedge funds and other institutional investors.

American Assets Trust Stock Up 0.3%

Shares of American Assets Trust stock traded up $0.07 during trading on Thursday, reaching $20.59. The company's stock had a trading volume of 60,329 shares, compared to its average volume of 411,519. American Assets Trust, Inc. has a 1-year low of $16.69 and a 1-year high of $29.15. The company has a 50-day simple moving average of $20.01 and a two-hundred day simple moving average of $19.97. 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 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 (NYSE:AAT - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.03. The company had revenue of $107.93 million during the quarter, compared to analysts' expectations 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. As a group, equities analysts forecast that American Assets Trust, Inc. will post 1.94 earnings per share for the current year.

American Assets Trust Dividend Announcement

The business also recently announced 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. This represents a $1.36 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Thursday, September 4th. American Assets Trust's payout ratio is currently 117.24%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AAT. Wall Street Zen cut shares of American Assets Trust from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Mizuho cut their price target on American Assets Trust from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Wednesday, August 20th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target 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.