Y Intercept Hong Kong Ltd Sells 2,713 Shares of American Assets Trust, Inc. $AAT

Y Intercept Hong Kong Ltd lowered its stake in American Assets Trust, Inc. (NYSE:AAT) by 10.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,839 shares of the real estate investment trust’s stock after selling 2,713 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in American Assets Trust were worth $471,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. MQS Management LLC boosted its stake in American Assets Trust by 5.5% during the second quarter. MQS Management LLC now owns 16,975 shares of the real estate investment trust’s stock valued at $335,000 after buying an additional 889 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in American Assets Trust during the second quarter valued at $1,207,000. CWM LLC grew its stake in shares of American Assets Trust by 229.6% in the 2nd quarter. CWM LLC now owns 8,382 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 5,839 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of American Assets Trust in the 2nd quarter worth about $206,000. Finally, Inspire Investing LLC increased its position in shares of American Assets Trust by 21.2% during the 2nd quarter. Inspire Investing LLC now owns 23,984 shares of the real estate investment trust’s stock valued at $474,000 after purchasing an additional 4,202 shares during the last quarter. 90.41% of the stock is owned by institutional investors.

American Assets Trust Stock Performance

AAT stock opened at $18.89 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 3.34 and a quick ratio of 3.55. The company has a market capitalization of $1.16 billion, a P/E ratio of 18.70 and a beta of 1.20. The business has a 50-day moving average price of $20.08 and a 200 day moving average price of $19.88. American Assets Trust, Inc. has a 1-year low of $16.69 and a 1-year high of $29.15.

American Assets Trust (NYSE:AAT) last released its quarterly earnings results 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 net margin of 13.98% and a return on equity of 5.43%. 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. As a group, equities research analysts forecast that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

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

Wall Street Analyst Weigh In

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

American Assets Trust 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.