American Assets Trust, Inc. $AAT Shares Sold by LSV Asset Management

LSV Asset Management lessened its stake in American Assets Trust, Inc. (NYSE:AAT) by 4.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,828,796 shares of the real estate investment trust’s stock after selling 76,200 shares during the quarter. LSV Asset Management’s holdings in American Assets Trust were worth $37,161,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings in American Assets Trust by 5.3% in the third quarter. Rhumbline Advisers now owns 160,912 shares of the real estate investment trust’s stock valued at $3,270,000 after acquiring an additional 8,044 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of American Assets Trust by 95.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,427 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 696 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of American Assets Trust by 70.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 28,200 shares of the real estate investment trust’s stock worth $573,000 after purchasing an additional 11,669 shares during the period. Hantz Financial Services Inc. increased its position in shares of American Assets Trust by 56.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,795 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 646 shares during the last quarter. Finally, Penserra Capital Management LLC raised its holdings in American Assets Trust by 3.5% in the 3rd quarter. Penserra Capital Management LLC now owns 55,720 shares of the real estate investment trust’s stock valued at $1,132,000 after buying an additional 1,871 shares during the period. Hedge funds and other institutional investors own 90.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AAT. Mizuho set a $19.00 price target on shares of American Assets Trust in a research note on Friday, January 9th. Morgan Stanley downgraded shares of American Assets Trust from an “equal weight” rating to an “underweight” rating and set a $17.00 target price for the company. in a report on Friday, January 16th. Wall Street Zen upgraded American Assets Trust from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of American Assets Trust in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, American Assets Trust currently has a consensus rating of “Reduce” and an average target price of $18.00.

American Assets Trust Stock Performance

NYSE:AAT opened at $18.58 on Friday. American Assets Trust, Inc. has a 52 week low of $16.69 and a 52 week high of $22.79. The company has a fifty day simple moving average of $18.63 and a two-hundred day simple moving average of $19.37. The company has a quick ratio of 3.34, a current ratio of 3.11 and a debt-to-equity ratio of 1.56. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 20.41 and a beta of 0.98.

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

American Assets Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Thursday, March 5th. American Assets Trust’s payout ratio is 149.45%.

About American Assets Trust

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.