Cwm LLC Reduces Position in American Assets Trust, Inc. (NYSE:AAT)

Cwm LLC reduced its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 18.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,317 shares of the real estate investment trust’s stock after selling 512 shares during the quarter. Cwm LLC’s holdings in American Assets Trust were worth $52,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Federated Hermes Inc. acquired a new position in shares of American Assets Trust during the fourth quarter valued at approximately $25,000. Allspring Global Investments Holdings LLC lifted its stake in shares of American Assets Trust by 87.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,838 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 856 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of American Assets Trust by 18.2% in the 3rd quarter. Van ECK Associates Corp now owns 6,477 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 998 shares during the last quarter. abrdn plc acquired a new stake in shares of American Assets Trust in the 4th quarter valued at $206,000. Finally, Coldstream Capital Management Inc. acquired a new position in American Assets Trust during the 3rd quarter worth $224,000. 90.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Mizuho cut their target price on shares of American Assets Trust from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, February 23rd.

American Assets Trust Stock Performance

NYSE:AAT opened at $22.21 on Friday. The firm’s 50-day moving average is $21.28 and its 200-day moving average is $21.28. American Assets Trust, Inc. has a 52-week low of $17.15 and a 52-week high of $23.92. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.93 and a current ratio of 3.02. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 24.96 and a beta of 1.25.

American Assets Trust (NYSE:AAT) last posted its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.35). The business had revenue of $110.70 million during the quarter, compared to the consensus estimate of $106.39 million. American Assets Trust had a net margin of 12.05% and a return on equity of 4.60%. During the same period in the previous year, the firm earned $0.66 EPS. Equities research analysts anticipate that American Assets Trust, Inc. will post 2.26 earnings per share for the current year.

American Assets Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be given a $0.335 dividend. The ex-dividend date is Thursday, June 6th. This represents a $1.34 dividend on an annualized basis and a yield of 6.03%. American Assets Trust’s dividend payout ratio (DPR) is presently 150.56%.

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.