Renaissance Technologies LLC cut its stake in shares of American Assets Trust, Inc. (NYSE:AAT – Free Report) by 40.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,000 shares of the real estate investment trust’s stock after selling 44,100 shares during the period. Renaissance Technologies LLC owned 0.11% of American Assets Trust worth $1,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AAT. EverSource Wealth Advisors LLC lifted its stake in shares of American Assets Trust by 262.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,704 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,234 shares during the last quarter. Blue Trust Inc. increased its position in shares of American Assets Trust by 5,717.7% during the 1st quarter. Blue Trust Inc. now owns 3,607 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 3,545 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its holdings in American Assets Trust by 27.4% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,154 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 893 shares during the period. Tower Research Capital LLC TRC raised its holdings in American Assets Trust by 32.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,774 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 1,165 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in American Assets Trust by 16.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,758 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 833 shares during the last quarter. 90.41% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
AAT has been the topic of a number of analyst reports. Morgan Stanley boosted their price objective on shares of American Assets Trust from $18.00 to $24.00 and gave the company an “underweight” rating in a research report on Wednesday, July 22nd. Weiss Ratings upgraded shares of American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, American Assets Trust has an average rating of “Reduce” and an average price target of $21.50.
American Assets Trust Trading Up 1.6%
AAT stock opened at $22.93 on Friday. American Assets Trust, Inc. has a 12 month low of $17.72 and a 12 month high of $25.97. The firm’s 50-day moving average is $24.31 and its 200 day moving average is $21.45. The company has a market capitalization of $1.41 billion, a PE ratio of 79.05 and a beta of 0.96. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.46 and a quick ratio of 2.46.
American Assets Trust (NYSE:AAT – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $109.48 million during the quarter, compared to analysts’ expectations of $110.64 million. American Assets Trust had a net margin of 4.09% and a return on equity of 1.66%. American Assets Trust has set its FY 2026 guidance at 2.030-2.030 EPS. On average, research analysts anticipate that American Assets Trust, Inc. will post 2.03 EPS for the current year.
American Assets Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be issued a $0.34 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.9%. American Assets Trust’s payout ratio is presently 468.97%.
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.
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