AMP Capital Investors Ltd grew its position in shares of American Assets Trust, Inc (NYSE:AAT) by 11.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,156 shares of the real estate investment trust’s stock after purchasing an additional 6,416 shares during the quarter. AMP Capital Investors Ltd owned approximately 0.13% of American Assets Trust worth $2,301,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Schroder Investment Management Group bought a new position in shares of American Assets Trust during the 3rd quarter valued at about $204,000. Koch Industries Inc. bought a new position in shares of American Assets Trust during the 4th quarter valued at about $206,000. Stifel Financial Corp bought a new position in shares of American Assets Trust during the 3rd quarter valued at about $222,000. Landscape Capital Management L.L.C. bought a new position in shares of American Assets Trust during the 4th quarter valued at about $245,000. Finally, SG Americas Securities LLC increased its position in shares of American Assets Trust by 154.1% during the 3rd quarter. SG Americas Securities LLC now owns 9,786 shares of the real estate investment trust’s stock valued at $389,000 after purchasing an additional 5,935 shares during the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.
In other American Assets Trust news, CEO Ernest S. Rady acquired 94,155 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was acquired at an average price of $32.31 per share, for a total transaction of $3,042,148.05. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ernest S. Rady acquired 259,583 shares of the company’s stock in a transaction on Wednesday, March 14th. The stock was acquired at an average price of $32.95 per share, with a total value of $8,553,259.85. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 864,929 shares of company stock worth $28,061,530. 34.15% of the stock is owned by corporate insiders.
American Assets Trust, Inc (NYSE:AAT) opened at $32.52 on Friday. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.57. American Assets Trust, Inc has a 1 year low of $30.62 and a 1 year high of $44.83. The stock has a market capitalization of $1,552.56, a P/E ratio of 52.45, a P/E/G ratio of 3.04 and a beta of 0.49.
American Assets Trust (NYSE:AAT) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). American Assets Trust had a return on equity of 3.76% and a net margin of 10.16%. The company had revenue of $81.75 million for the quarter. analysts predict that American Assets Trust, Inc will post 2.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.08 annualized dividend and a yield of 3.32%. American Assets Trust’s payout ratio is 174.19%.
Several research firms recently issued reports on AAT. Zacks Investment Research upgraded American Assets Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Mizuho upgraded American Assets Trust from a “neutral” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Thursday, February 22nd. Royal Bank of Canada set a $44.00 price target on American Assets Trust and gave the stock a “buy” rating in a research report on Saturday, February 17th. Finally, Bank of America lowered American Assets Trust from a “neutral” rating to an “underperform” rating and set a $35.00 price target on the stock. in a research report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $43.60.
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American Assets Trust Company Profile
American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires and develops retail, office, multifamily and mixed-use properties in Southern California, Northern California, Oregon, Washington, Texas and Hawaii markets.
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