Jefferies Group LLC boosted its holdings in American Assets Trust (NYSE:AAT) by 73.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,668 shares of the real estate investment trust’s stock after acquiring an additional 11,262 shares during the period. Jefferies Group LLC owned about 0.06% of American Assets Trust worth $1,020,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of AAT. Victory Capital Management Inc. bought a new position in American Assets Trust in the fourth quarter worth about $45,358,000. American Assets Inc. lifted its holdings in American Assets Trust by 3.9% in the fourth quarter. American Assets Inc. now owns 6,467,587 shares of the real estate investment trust’s stock worth $247,321,000 after acquiring an additional 242,325 shares during the last quarter. Renaissance Technologies LLC bought a new position in American Assets Trust in the fourth quarter worth about $4,096,000. Boston Partners increased its stake in shares of American Assets Trust by 3.8% in the fourth quarter. Boston Partners now owns 2,346,971 shares of the real estate investment trust’s stock valued at $89,748,000 after purchasing an additional 85,441 shares during the period. Finally, AEW Capital Management L P increased its stake in shares of American Assets Trust by 3.3% in the fourth quarter. AEW Capital Management L P now owns 2,054,559 shares of the real estate investment trust’s stock valued at $78,566,000 after purchasing an additional 66,400 shares during the period. 99.11% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE AAT traded down $0.47 during mid-day trading on Friday, reaching $34.43. 502,565 shares of the company traded hands, compared to its average volume of 467,378. American Assets Trust has a fifty-two week low of $30.62 and a fifty-two week high of $44.83. The company has a debt-to-equity ratio of 1.57, a current ratio of 3.15 and a quick ratio of 3.15. The firm has a market capitalization of $1,625.27, a PE ratio of 17.93, a P/E/G ratio of 3.19 and a beta of 0.41.
American Assets Trust (NYSE:AAT) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). American Assets Trust had a net margin of 10.16% and a return on equity of 3.76%. The company had revenue of $81.75 million for the quarter. sell-side analysts anticipate that American Assets Trust will post 2.05 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were paid a dividend of $0.27 per share. The ex-dividend date was Wednesday, March 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.14%. American Assets Trust’s dividend payout ratio is presently 56.25%.
AAT has been the topic of several analyst reports. Royal Bank of Canada set a $44.00 price target on shares of American Assets Trust and gave the company a “buy” rating in a research note on Saturday, February 17th. Mizuho upgraded shares of American Assets Trust from a “neutral” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Thursday, February 22nd. Zacks Investment Research upgraded shares of American Assets Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, February 19th. Bank of America lowered shares of American Assets Trust from a “neutral” rating to an “underperform” rating and set a $35.00 price target on the stock. in a research note on Thursday, March 1st. Finally, Morgan Stanley upgraded shares of American Assets Trust from an “equal” rating to a “weight” rating and set a $37.00 price target on the stock in a research note on Tuesday, March 27th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $42.50.
In related news, CEO Ernest S. Rady acquired 259,583 shares of the stock in a transaction that occurred on Wednesday, March 14th. The shares were acquired at an average price of $32.95 per share, for a total transaction of $8,553,259.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernest S. Rady purchased 105,101 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was acquired at an average price of $32.65 per share, for a total transaction of $3,431,547.65. The disclosure for this purchase can be found here. Insiders have purchased 864,929 shares of company stock worth $28,061,530 in the last quarter. Company insiders own 34.15% of the company’s stock.
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American Assets Trust Profile
American Assets Trust, Inc (the ?company?) is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier retail, office 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, Oregon, Washington, Texas and Hawaii.
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