American Assets Trust Plunges 57.95% on Earnings Concerns

On April 21, 2025, American Assets Trust, Inc. (NYSE:AAT) experienced a significant drop of 57.95% in pre-market trading, marking a dramatic shift in investor sentiment towards the real estate investment trust (REIT).

Several institutional investors have recently adjusted their holdings in American Assets Trust. Federated Hermes Inc. increased its stake by 62.7% during the fourth quarter, acquiring an additional 1,089 shares. Similarly, New York State Common Retirement Fund boosted its holdings by 6.1%, while One Wealth Advisors LLC and KBC Group NV also increased their positions by 7.9% and 56.5% respectively. Tidal Investments LLC and Loomis Sayles & Co. L P also made significant adjustments to their holdings, with Tidal Investments LLC increasing its stake by 4.3% and Loomis Sayles & Co. L P purchasing a new stake worth $44,000. Collectively, hedge funds and other institutional investors own 90.43% of the stock.

Analysts have also revised their outlook on American Assets Trust. Mizuho lowered its price target from $28.00 to $22.00 and maintained a "neutral" rating on the stock. This adjustment reflects growing concerns about the company's financial performance and market outlook.

American Assets Trust recently reported its quarterly earnings, with earnings per share (EPS) of $0.55, surpassing the consensus estimate of $0.14. The company also announced an increased quarterly dividend of $0.34, representing a 7.15% yield. However, the dividend payout ratio stands at 152.81%, indicating potential financial strain.

American Assets Trust, Inc. is a full-service, vertically integrated, and self-administered REIT based in San Diego, California. With over 55 years of experience, the company specializes in acquiring, improving, developing, and managing premier office, retail, and residential properties across the United States, with a focus on high-barrier-to-entry markets in Southern California, Northern California, Washington, Oregon, Texas, and Hawaii.