Charles Schwab Investment Management Inc. Sells 10,678 Shares of American Assets Trust, Inc. $AAT

Charles Schwab Investment Management Inc. reduced its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 0.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,472,343 shares of the real estate investment trust’s stock after selling 10,678 shares during the period. Charles Schwab Investment Management Inc. owned approximately 2.41% of American Assets Trust worth $29,653,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of American Assets Trust in the fourth quarter valued at about $63,000. State of Wyoming purchased a new position in shares of American Assets Trust in the fourth quarter valued at about $101,000. US Bancorp DE increased its position in shares of American Assets Trust by 952.0% in the first quarter. US Bancorp DE now owns 10,415 shares of the real estate investment trust’s stock valued at $210,000 after acquiring an additional 9,425 shares during the period. Retirement Planning Co of New England Inc. increased its position in shares of American Assets Trust by 20.9% in the first quarter. Retirement Planning Co of New England Inc. now owns 10,600 shares of the real estate investment trust’s stock valued at $213,000 after acquiring an additional 1,830 shares during the period. Finally, Robeco Institutional Asset Management B.V. purchased a new position in shares of American Assets Trust in the first quarter valued at about $265,000. 90.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on AAT shares. Morgan Stanley decreased their price objective on shares of American Assets Trust from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. 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. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $21.00.

American Assets Trust Price Performance

Shares of AAT opened at $19.94 on Wednesday. The stock has a market cap of $1.22 billion, a PE ratio of 17.19 and a beta of 1.17. The company has a debt-to-equity ratio of 1.50, a quick ratio of 3.55 and a current ratio of 3.55. American Assets Trust, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $29.15. The firm’s 50-day simple moving average is $19.95 and its two-hundred day simple moving average is $20.12.

American Assets Trust (NYSE:AAT) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $107.93 million for the quarter, compared to the consensus estimate of $107.75 million. American Assets Trust had a net margin of 16.26% and a return on equity of 6.47%. American Assets Trust has set its FY 2025 guidance at 1.890-2.010 EPS. Analysts anticipate that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a $0.34 dividend. The ex-dividend date is Thursday, September 4th. This represents a $1.36 annualized dividend and a yield of 6.8%. American Assets Trust’s dividend payout ratio (DPR) is presently 117.24%.

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.