FMR LLC decreased its holdings in American Assets Trust, Inc. (NYSE:AAT) by 23.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,665,538 shares of the real estate investment trust’s stock after selling 1,105,251 shares during the quarter. FMR LLC owned approximately 7.78% of American Assets Trust worth $144,386,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of AAT. Vanguard Group Inc. raised its position in shares of American Assets Trust by 1.6% during the second quarter. Vanguard Group Inc. now owns 6,125,529 shares of the real estate investment trust’s stock worth $241,285,000 after acquiring an additional 94,077 shares during the last quarter. Northern Trust Corp raised its position in shares of American Assets Trust by 6.7% during the second quarter. Northern Trust Corp now owns 919,070 shares of the real estate investment trust’s stock worth $36,202,000 after acquiring an additional 57,546 shares during the last quarter. Citigroup Inc. raised its position in shares of American Assets Trust by 19.6% during the second quarter. Citigroup Inc. now owns 56,132 shares of the real estate investment trust’s stock worth $2,211,000 after acquiring an additional 9,208 shares during the last quarter. Pinebridge Investments L.P. raised its position in shares of American Assets Trust by 2.5% during the second quarter. Pinebridge Investments L.P. now owns 5,462 shares of the real estate investment trust’s stock worth $216,000 after acquiring an additional 132 shares during the last quarter. Finally, Menta Capital LLC bought a new stake in shares of American Assets Trust during the second quarter worth $955,000. Hedge funds and other institutional investors own 97.81% of the company’s stock.
American Assets Trust, Inc. (NYSE AAT) opened at 41.23 on Monday. The firm has a market capitalization of $1.94 billion, a PE ratio of 62.66 and a beta of 0.51. The firm has a 50-day moving average price of $40.45 and a 200-day moving average price of $40.60. American Assets Trust, Inc. has a 1-year low of $37.54 and a 1-year high of $44.83.
American Assets Trust (NYSE:AAT) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.01). The company had revenue of $77.11 million for the quarter. American Assets Trust had a return on equity of 3.94% and a net margin of 10.93%. Equities analysts expect that American Assets Trust, Inc. will post $0.62 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Wednesday, September 13th. American Assets Trust’s dividend payout ratio (DPR) is presently 157.58%.
A number of equities research analysts have recently weighed in on the company. BidaskClub downgraded American Assets Trust from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised American Assets Trust from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Thursday, August 24th. Finally, TheStreet cut American Assets Trust from a “b-” rating to a “c+” rating in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $46.33.
In other American Assets Trust news, CEO Ernest S. Rady acquired 1,010 shares of the stock in a transaction dated Monday, September 11th. The stock was purchased at an average cost of $40.79 per share, with a total value of $41,197.90. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ernest S. Rady acquired 17,379 shares of the stock in a transaction dated Thursday, August 10th. The stock was acquired at an average cost of $40.11 per share, with a total value of $697,071.69. The disclosure for this purchase can be found here. Over the last three months, insiders bought 424,319 shares of company stock valued at $17,117,491. Corporate insiders own 34.15% of the company’s stock.
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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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