Allianz Asset Management GmbH Sells 302,693 Shares of American Assets Trust, Inc. $AAT

Allianz Asset Management GmbH decreased its stake in American Assets Trust, Inc. (NYSE:AAT) by 33.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 590,959 shares of the real estate investment trust’s stock after selling 302,693 shares during the period. Allianz Asset Management GmbH owned about 0.97% of American Assets Trust worth $11,671,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. CWM LLC raised its stake in shares of American Assets Trust by 229.6% during the second quarter. CWM LLC now owns 8,382 shares of the real estate investment trust’s stock valued at $166,000 after acquiring an additional 5,839 shares during the last quarter. Strs Ohio bought a new position in shares of American Assets Trust during the first quarter valued at $175,000. Coppell Advisory Solutions LLC raised its stake in shares of American Assets Trust by 8.6% during the first quarter. Coppell Advisory Solutions LLC now owns 10,138 shares of the real estate investment trust’s stock valued at $204,000 after acquiring an additional 805 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in shares of American Assets Trust during the second quarter valued at $206,000. Finally, US Bancorp DE raised its stake in shares of American Assets Trust by 952.0% during 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 last quarter. Institutional investors own 90.41% of the company’s stock.

American Assets Trust Trading Up 0.8%

AAT opened at $19.60 on Tuesday. American Assets Trust, Inc. has a twelve month low of $16.69 and a twelve month high of $29.15. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.50. The company has a fifty day moving average of $20.22 and a 200-day moving average of $19.79. The stock has a market cap of $1.20 billion, a PE ratio of 16.90 and a beta of 1.23.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $107.93 million during the quarter, compared to analysts’ expectations 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. On average, sell-side analysts predict that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date was Thursday, September 4th. American Assets Trust’s dividend payout ratio (DPR) is presently 117.24%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AAT. Wall Street Zen downgraded shares of American Assets Trust from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Mizuho decreased their price objective on shares of American Assets Trust from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, August 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of American Assets Trust in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.