Renaissance Technologies LLC Sells 44,100 Shares of American Assets Trust, Inc. $AAT

Renaissance Technologies LLC lowered its position in shares of American Assets Trust, Inc. (NYSE:AAT) by 40.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,000 shares of the real estate investment trust’s stock after selling 44,100 shares during the period. Renaissance Technologies LLC’s holdings in American Assets Trust were worth $1,197,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Senvest Management LLC lifted its stake in American Assets Trust by 62.4% in the fourth quarter. Senvest Management LLC now owns 2,929,436 shares of the real estate investment trust’s stock worth $55,454,000 after acquiring an additional 1,125,474 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of American Assets Trust in the 4th quarter worth approximately $7,124,000. Citadel Advisors LLC lifted its position in shares of American Assets Trust by 306.7% in the 3rd quarter. Citadel Advisors LLC now owns 493,832 shares of the real estate investment trust’s stock worth $10,035,000 after purchasing an additional 372,397 shares during the period. Strs Ohio boosted its stake in shares of American Assets Trust by 2,773.5% during the fourth quarter. Strs Ohio now owns 281,600 shares of the real estate investment trust’s stock valued at $5,331,000 after purchasing an additional 271,800 shares in the last quarter. Finally, Norges Bank bought a new position in shares of American Assets Trust during the fourth quarter valued at approximately $4,878,000. 90.41% of the stock is currently owned by institutional investors.

American Assets Trust Stock Up 1.6%

NYSE:AAT opened at $22.93 on Friday. The company’s 50-day simple moving average is $24.31 and its 200-day simple moving average is $21.45. The company has a debt-to-equity ratio of 1.61, a quick ratio of 2.46 and a current ratio of 2.46. American Assets Trust, Inc. has a fifty-two week low of $17.72 and a fifty-two week high of $25.97. The stock has a market capitalization of $1.41 billion, a P/E ratio of 79.05 and a beta of 0.96.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). American Assets Trust had a return on equity of 1.66% and a net margin of 4.09%.The firm had revenue of $109.48 million for the quarter, compared to the consensus estimate of $110.64 million. American Assets Trust has set its FY 2026 guidance at 2.030-2.030 EPS. On average, equities analysts anticipate that American Assets Trust, Inc. will post 2.03 earnings per share for the current fiscal year.

American Assets Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.9%. American Assets Trust’s dividend payout ratio is presently 468.97%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AAT shares. Weiss Ratings raised shares of American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Morgan Stanley upped their target price on American Assets Trust from $18.00 to $24.00 and gave the stock an “underweight” rating in a report on Wednesday, July 22nd. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $21.50.

American Assets Trust Company 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.