Cwm LLC Cuts Stake in American Assets Trust, Inc. (NYSE:AAT)

Cwm LLC reduced its stake in American Assets Trust, Inc. (NYSE:AAT) by 18.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,317 shares of the real estate investment trust’s stock after selling 512 shares during the quarter. Cwm LLC’s holdings in American Assets Trust were worth $52,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AAT. Allspring Global Investments Holdings LLC increased its position in shares of American Assets Trust by 87.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,838 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 856 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of American Assets Trust by 1.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 56,400 shares of the real estate investment trust’s stock valued at $1,097,000 after purchasing an additional 900 shares during the period. Van ECK Associates Corp boosted its stake in shares of American Assets Trust by 18.2% during the third quarter. Van ECK Associates Corp now owns 6,477 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 998 shares during the period. Swiss National Bank lifted its stake in American Assets Trust by 1.0% in the third quarter. Swiss National Bank now owns 113,400 shares of the real estate investment trust’s stock worth $2,206,000 after acquiring an additional 1,100 shares during the period. Finally, Federated Hermes Inc. purchased a new stake in American Assets Trust in the fourth quarter worth $25,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

American Assets Trust Price Performance

NYSE AAT opened at $22.21 on Friday. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 24.96 and a beta of 1.25. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.93 and a current ratio of 3.02. The stock has a 50-day moving average of $21.28 and a 200 day moving average of $21.28. American Assets Trust, Inc. has a one year low of $17.15 and a one year high of $23.92.

American Assets Trust (NYSE:AAT) last announced its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.35). The firm had revenue of $110.70 million during the quarter, compared to analysts’ expectations of $106.39 million. American Assets Trust had a return on equity of 4.60% and a net margin of 12.05%. During the same period in the previous year, the business posted $0.66 earnings per share. On average, sell-side analysts forecast that American Assets Trust, Inc. will post 2.26 EPS for the current year.

American Assets Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be given a dividend of $0.335 per share. The ex-dividend date is Thursday, June 6th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 6.03%. American Assets Trust’s payout ratio is currently 150.56%.

Wall Street Analysts Forecast Growth

Separately, Mizuho decreased their price objective on American Assets Trust from $23.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, February 23rd.

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.