Renaissance Technologies LLC purchased a new stake in shares of American Assets Trust (NYSE:AAT) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 107,100 shares of the real estate investment trust’s stock, valued at approximately $4,096,000. Renaissance Technologies LLC owned about 0.23% of American Assets Trust as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Koch Industries Inc. purchased a new stake in shares of American Assets Trust during the 4th quarter valued at about $206,000. Stifel Financial Corp purchased a new stake in shares of American Assets Trust during the 3rd quarter valued at about $222,000. Landscape Capital Management L.L.C. purchased a new stake in shares of American Assets Trust during the 4th quarter valued at about $245,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of American Assets Trust during the 4th quarter valued at about $604,000. Finally, Keybank National Association OH purchased a new stake in shares of American Assets Trust during the 4th quarter valued at about $1,044,000. 99.11% of the stock is currently owned by hedge funds and other institutional investors.
AAT opened at $33.27 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. The company has a market capitalization of $1,609.68, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 3.16 and a beta of 0.41. American Assets Trust has a 12-month low of $30.62 and a 12-month high of $44.64.
American Assets Trust (NYSE:AAT) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The business had revenue of $81.75 million during the quarter. American Assets Trust had a return on equity of 3.76% and a net margin of 10.16%. equities research analysts predict that American Assets Trust will post 2.05 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date was Wednesday, March 14th. American Assets Trust’s payout ratio is 56.25%.
A number of analysts have recently issued reports on the stock. Morgan Stanley raised 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 report on Tuesday, March 27th. 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 report on Saturday, February 17th. Zacks Investment Research raised shares of American Assets Trust from a “sell” rating to a “hold” rating in a report on Wednesday, March 14th. Mizuho raised 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 report on Thursday, February 22nd. Finally, Bank of America downgraded 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 report on Thursday, March 1st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. American Assets Trust has an average rating of “Hold” and an average price target of $41.00.
In other American Assets Trust news, CEO Ernest S. Rady acquired 105,101 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of $32.65 per share, with a total value of $3,431,547.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernest S. Rady acquired 64,775 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average cost of $32.56 per share, for a total transaction of $2,109,074.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 864,929 shares of company stock worth $28,061,530. 34.15% of the stock is currently owned by insiders.
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About American Assets Trust
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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