LSV Asset Management Sells 35,300 Shares of American Assets Trust, Inc. $AAT

LSV Asset Management trimmed its position in shares of American Assets Trust, Inc. (NYSE:AAT) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,904,996 shares of the real estate investment trust’s stock after selling 35,300 shares during the quarter. LSV Asset Management owned 3.12% of American Assets Trust worth $37,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in AAT. Graham Capital Management L.P. grew its position in American Assets Trust by 154.8% in the 1st quarter. Graham Capital Management L.P. now owns 42,736 shares of the real estate investment trust’s stock worth $861,000 after purchasing an additional 25,961 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of American Assets Trust in the 1st quarter worth approximately $458,000. Raymond James Financial Inc. boosted its stake in shares of American Assets Trust by 152.7% in the 1st quarter. Raymond James Financial Inc. now owns 163,827 shares of the real estate investment trust’s stock worth $3,299,000 after buying an additional 98,986 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of American Assets Trust by 1.3% in the second quarter. Public Employees Retirement System of Ohio now owns 68,296 shares of the real estate investment trust’s stock valued at $1,349,000 after acquiring an additional 893 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of American Assets Trust by 39.6% during the first quarter. Invesco Ltd. now owns 335,102 shares of the real estate investment trust’s stock valued at $6,749,000 after acquiring an additional 95,130 shares during the last quarter. Hedge funds and other institutional investors own 90.41% of the company’s stock.

Analyst Upgrades and Downgrades

AAT has been the topic of several research analyst reports. Mizuho cut their price objective on 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 cut American Assets Trust from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of American Assets Trust in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, American Assets Trust has a consensus rating of “Hold” and an average target price of $20.50.

American Assets Trust Stock Up 0.4%

AAT stock opened at $18.89 on Wednesday. The stock has a fifty day moving average of $19.85 and a 200-day moving average of $19.92. American Assets Trust, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $29.15. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 18.71 and a beta of 1.20. The company has a debt-to-equity ratio of 1.52, a quick ratio of 3.55 and a current ratio of 3.34.

American Assets Trust (NYSE:AAT) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. The business had revenue of $109.58 million for the quarter, compared to the consensus estimate of $105.71 million. American Assets Trust had a net margin of 13.98% and a return on equity of 5.43%. American Assets Trust has set its FY 2025 guidance at 1.930-2.010 EPS. As a group, equities research analysts predict that American Assets Trust, Inc. will post 1.94 earnings per share for the current year.

American Assets Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $1.36 annualized dividend and a yield of 7.2%. American Assets Trust’s dividend payout ratio (DPR) is 134.65%.

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.