American Assets Trust, Inc. (NYSE:AAT) Stake Reduced by Ritholtz Wealth Management

Ritholtz Wealth Management cut its holdings in American Assets Trust, Inc. (NYSE:AAT) by 44.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,824 shares of the real estate investment trust’s stock after selling 43,457 shares during the quarter. Ritholtz Wealth Management owned about 0.09% of American Assets Trust worth $1,084,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in American Assets Trust by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,250 shares of the real estate investment trust’s stock worth $716,000 after acquiring an additional 971 shares in the last quarter. New York State Common Retirement Fund raised its position in American Assets Trust by 6.1% in the fourth quarter. New York State Common Retirement Fund now owns 17,831 shares of the real estate investment trust’s stock worth $468,000 after acquiring an additional 1,019 shares in the last quarter. Federated Hermes Inc. raised its position in American Assets Trust by 62.7% in the fourth quarter. Federated Hermes Inc. now owns 2,827 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 1,089 shares in the last quarter. Sterling Capital Management LLC raised its position in American Assets Trust by 8.1% in the fourth quarter. Sterling Capital Management LLC now owns 18,225 shares of the real estate investment trust’s stock worth $479,000 after acquiring an additional 1,368 shares in the last quarter. Finally, Loomis Sayles & Co. L P bought a new stake in American Assets Trust in the fourth quarter worth about $44,000. 90.43% of the stock is currently owned by institutional investors.

American Assets Trust Price Performance

AAT stock opened at $20.66 on Wednesday. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 1.47. American Assets Trust, Inc. has a one year low of $16.69 and a one year high of $29.15. The firm has a market capitalization of $1.26 billion, a PE ratio of 16.27 and a beta of 1.16. The firm has a 50-day moving average of $19.41 and a two-hundred day moving average of $21.99.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.07. American Assets Trust had a net margin of 17.57% and a return on equity of 7.02%. The company had revenue of $108.61 million during the quarter, compared to analyst estimates of $112.05 million. On average, analysts forecast that American Assets Trust, Inc. will post 1.94 earnings per share for the current year.

American Assets Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date of this dividend is Thursday, June 5th. American Assets Trust’s dividend payout ratio (DPR) is 107.09%.

Analysts Set New Price Targets

Several brokerages have commented on AAT. Wall Street Zen upgraded shares of American Assets Trust from a “hold” rating to a “buy” rating in a research report on Saturday, May 24th. Mizuho reduced their price objective on shares of American Assets Trust from $28.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Finally, Morgan Stanley reduced their price objective on shares of American Assets Trust from $24.00 to $20.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th.

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.