EMC Capital Management Cuts Stock Position in American Assets Trust, Inc. $AAT

EMC Capital Management trimmed its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 45.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,731 shares of the real estate investment trust’s stock after selling 7,193 shares during the period. EMC Capital Management’s holdings in American Assets Trust were worth $172,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in AAT. Nuveen LLC acquired a new position in shares of American Assets Trust during the first quarter worth about $16,603,000. Senvest Management LLC purchased a new stake in shares of American Assets Trust during the 2nd quarter valued at about $14,184,000. Hotchkis & Wiley Capital Management LLC acquired a new position in American Assets Trust during the 1st quarter worth approximately $5,612,000. T. Rowe Price Investment Management Inc. lifted its position in American Assets Trust by 13.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,030,121 shares of the real estate investment trust’s stock worth $40,887,000 after acquiring an additional 236,376 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in American Assets Trust by 20.4% in the 1st quarter. Allianz Asset Management GmbH now owns 893,652 shares of the real estate investment trust’s stock worth $17,998,000 after acquiring an additional 151,541 shares during the period. 90.41% of the stock is owned by hedge funds and other institutional investors.

American Assets Trust Stock Performance

Shares of NYSE AAT opened at $18.89 on Wednesday. American Assets Trust, Inc. has a 1 year low of $16.69 and a 1 year high of $29.15. The firm has a market cap of $1.16 billion, a P/E ratio of 18.71 and a beta of 1.20. The stock has a fifty day moving average price of $19.85 and a two-hundred day moving average price of $19.92. 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 announced its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.49 earnings per share 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 business had revenue of $109.58 million during 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. Research analysts forecast that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AAT. Wall Street Zen lowered shares of American Assets Trust from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Assets Trust in a report on Wednesday, October 8th. Finally, Mizuho cut their price objective on shares of American Assets Trust from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, August 20th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $20.50.

American Assets Trust Company 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.