Quest Partners LLC Cuts Position in American Assets Trust, Inc. (NYSE:AAT)

Quest Partners LLC lessened its holdings in American Assets Trust, Inc. (NYSE:AAT) by 7.7% during the second quarter, Holdings Channel.com reports. The firm owned 34,379 shares of the real estate investment trust’s stock after selling 2,871 shares during the quarter. Quest Partners LLC’s holdings in American Assets Trust were worth $769,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AAT. Truist Financial Corp purchased a new stake in American Assets Trust in the fourth quarter worth about $376,000. Victory Capital Management Inc. purchased a new stake in shares of American Assets Trust during the fourth quarter valued at approximately $219,000. Charles Schwab Investment Management Inc. grew its holdings in shares of American Assets Trust by 32.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,200,618 shares of the real estate investment trust’s stock valued at $27,026,000 after buying an additional 293,603 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of American Assets Trust by 8.8% during the fourth quarter. BNP Paribas Financial Markets now owns 64,941 shares of the real estate investment trust’s stock valued at $1,462,000 after buying an additional 5,229 shares during the last quarter. Finally, Jump Financial LLC grew its holdings in shares of American Assets Trust by 71.8% during the fourth quarter. Jump Financial LLC now owns 64,100 shares of the real estate investment trust’s stock valued at $1,443,000 after buying an additional 26,800 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Mizuho increased their price target on shares of American Assets Trust from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, August 19th.

American Assets Trust Trading Down 1.0 %

NYSE:AAT opened at $25.80 on Thursday. The company’s 50 day moving average price is $25.13 and its 200-day moving average price is $22.75. American Assets Trust, Inc. has a 52 week low of $17.15 and a 52 week high of $27.55. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 1.48. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 28.99 and a beta of 1.30.

American Assets Trust (NYSE:AAT) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.33). The company had revenue of $110.89 million during the quarter, compared to analysts’ expectations of $107.66 million. American Assets Trust had a return on equity of 4.62% and a net margin of 12.00%. During the same quarter in the prior year, the business posted $0.59 EPS. On average, equities research analysts forecast that American Assets Trust, Inc. will post 2.41 earnings per share for the current fiscal year.

American Assets Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be issued a dividend of $0.335 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.34 annualized dividend and a dividend yield of 5.19%. American Assets Trust’s payout ratio is 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.