Vanguard Group Inc. Lowers Stake in American Assets Trust, Inc. $AAT

Vanguard Group Inc. decreased its position in shares of American Assets Trust, Inc. (NYSE:AAT) by 2.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 7,544,253 shares of the real estate investment trust’s stock after selling 171,271 shares during the period. Vanguard Group Inc. owned 12.34% of American Assets Trust worth $153,299,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in American Assets Trust by 189.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,402,665 shares of the real estate investment trust’s stock valued at $28,502,000 after acquiring an additional 918,635 shares during the last quarter. Geode Capital Management LLC grew its position in shares of American Assets Trust by 5.5% in the second quarter. Geode Capital Management LLC now owns 1,391,478 shares of the real estate investment trust’s stock valued at $27,484,000 after purchasing an additional 72,458 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in American Assets Trust by 4.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,253,217 shares of the real estate investment trust’s stock valued at $24,751,000 after purchasing an additional 53,070 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of American Assets Trust by 4.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,234,013 shares of the real estate investment trust’s stock worth $22,696,000 after buying an additional 56,553 shares during the last quarter. Finally, Senvest Management LLC purchased a new position in shares of American Assets Trust in the 2nd quarter worth $14,184,000. Institutional investors and hedge funds own 90.41% of the company’s stock.

Analyst Ratings Changes

AAT has been the subject of several research analyst reports. Morgan Stanley lowered American Assets Trust from an “equal weight” rating to an “underweight” rating and set a $17.00 price target for the company. in a research note on Friday, January 16th. Mizuho set a $19.00 target price on shares of American Assets Trust in a research report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Assets Trust in a research report on Wednesday, January 21st. Finally, Wall Street Zen raised shares of American Assets Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Assets Trust has an average rating of “Reduce” and an average target price of $18.00.

American Assets Trust Price Performance

Shares of AAT opened at $19.57 on Wednesday. American Assets Trust, Inc. has a 52 week low of $16.69 and a 52 week high of $22.27. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 1.56. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 21.51 and a beta of 0.95. The stock has a 50 day moving average of $18.71 and a 200-day moving average of $19.38.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings data on Tuesday, February 3rd. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.43). American Assets Trust had a return on equity of 4.96% and a net margin of 12.76%.The firm had revenue of $110.09 million for the quarter, compared to the consensus estimate of $108.70 million. American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. As a group, analysts forecast that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be paid a $0.34 dividend. The ex-dividend date is Thursday, March 5th. This represents a $1.36 annualized dividend and a dividend yield of 6.9%. American Assets Trust’s dividend payout ratio (DPR) is presently 149.45%.

American Assets Trust Profile

American Assets Trust, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops and manages a diversified portfolio of commercial properties across multiple asset classes. The company’s holdings include retail centers, office buildings, multifamily communities and select hotel and resort properties. American Assets Trust pursues an integrated strategy combining proactive redevelopment, leasing initiatives and sustainable design to enhance asset value and drive long-term growth.

Founded in 1998 and headquartered in San Diego, California, American Assets Trust has built a presence in key markets along the West Coast and select western U.S.