Crossingbridge Advisors LLC Reduces Holdings in American Assets Trust, Inc. $AAT

Crossingbridge Advisors LLC trimmed its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 50.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,000 shares of the real estate investment trust’s stock after selling 35,000 shares during the quarter. Crossingbridge Advisors LLC owned approximately 0.06% of American Assets Trust worth $711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of AAT. Smartleaf Asset Management LLC boosted its stake in shares of American Assets Trust by 95.2% during the third quarter. Smartleaf Asset Management LLC now owns 1,427 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 696 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of American Assets Trust by 262.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,704 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 1,234 shares during the period. Hantz Financial Services Inc. raised its holdings in American Assets Trust by 56.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,795 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 646 shares during the last quarter. Tower Research Capital LLC TRC boosted its position 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, State of Wyoming grew its holdings in American Assets Trust by 131.5% in the 2nd quarter. State of Wyoming now owns 5,646 shares of the real estate investment trust’s stock worth $112,000 after acquiring an additional 3,207 shares during the last quarter. 90.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AAT has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of American Assets Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings reissued a “hold (c)” rating on shares of American Assets Trust in a research note on Wednesday, January 21st. Morgan Stanley downgraded American Assets Trust from an “equal weight” rating to an “underweight” rating and set a $17.00 price target on the stock. in a report on Friday, January 16th. Finally, Mizuho set a $19.00 price target on American Assets Trust in a research report on Friday, January 9th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $18.00.

American Assets Trust Trading Down 2.6%

NYSE:AAT opened at $19.09 on Monday. The company has a 50-day moving average price of $18.75 and a 200-day moving average price of $19.38. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 20.98 and a beta of 0.94. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 1.56. American Assets Trust, Inc. has a 12 month low of $16.69 and a 12 month high of $21.59.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings results on Tuesday, February 3rd. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.43). American Assets Trust had a net margin of 12.76% and a return on equity of 4.96%. The company had revenue of $110.09 million for the quarter, compared to analysts’ expectations of $108.70 million. American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. Equities analysts predict that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, March 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 7.1%. American Assets Trust’s dividend payout ratio is 149.45%.

American Assets Trust Profile

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.