American Assets Trust, Inc. $AAT Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al cut its stake in American Assets Trust, Inc. (NYSE:AAT) by 61.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 23,693 shares of the real estate investment trust’s stock after selling 37,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in American Assets Trust were worth $481,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AAT. Geode Capital Management LLC raised its stake in American Assets Trust by 5.5% during the second quarter. Geode Capital Management LLC now owns 1,391,478 shares of the real estate investment trust’s stock worth $27,484,000 after purchasing an additional 72,458 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of American Assets Trust by 4.4% during the 2nd 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 buying an additional 53,070 shares during the period. 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. Senvest Management LLC purchased a new position in shares of American Assets Trust in the 2nd quarter worth $14,184,000. Finally, Invesco Ltd. boosted its holdings in American Assets Trust by 48.1% in the second quarter. Invesco Ltd. now owns 496,405 shares of the real estate investment trust’s stock valued at $9,804,000 after acquiring an additional 161,303 shares during the last quarter. Institutional investors and hedge funds own 90.41% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of American Assets Trust in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, American Assets Trust has an average rating of “Hold” and a consensus price target of $20.50.

American Assets Trust Stock Down 1.4%

Shares of American Assets Trust stock opened at $18.53 on Tuesday. American Assets Trust, Inc. has a twelve month low of $16.69 and a twelve month high of $26.24. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 18.34 and a beta of 0.98. The company has a current ratio of 3.34, a quick ratio of 3.34 and a debt-to-equity ratio of 1.52. The company has a fifty day moving average price of $19.08 and a 200 day moving average price of $19.73.

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. American Assets Trust had a return on equity of 5.43% and a net margin of 13.98%.The company had revenue of $109.58 million for the quarter, compared to analyst estimates of $105.71 million. American Assets Trust has set its FY 2025 guidance at 1.930-2.010 EPS. Equities research analysts forecast that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date was Thursday, December 4th. American Assets Trust’s dividend payout ratio is currently 134.65%.

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.