Citadel Advisors LLC Decreases Position in American Assets Trust, Inc (AAT)

Citadel Advisors LLC lowered its position in shares of American Assets Trust, Inc (NYSE:AAT) by 6.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 142,553 shares of the real estate investment trust’s stock after selling 10,523 shares during the period. Citadel Advisors LLC’s holdings in American Assets Trust were worth $5,315,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AAT. BlackRock Inc. boosted its stake in American Assets Trust by 5.8% during the second quarter. BlackRock Inc. now owns 6,654,405 shares of the real estate investment trust’s stock valued at $254,797,000 after buying an additional 365,588 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of American Assets Trust by 66,655.7% during the second quarter. Sei Investments Co. now owns 298,398 shares of the real estate investment trust’s stock valued at $11,426,000 after purchasing an additional 297,951 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of American Assets Trust during the second quarter valued at $7,733,000. JPMorgan Chase & Co. lifted its holdings in shares of American Assets Trust by 8.8% during the third quarter. JPMorgan Chase & Co. now owns 940,822 shares of the real estate investment trust’s stock valued at $35,083,000 after purchasing an additional 76,419 shares during the last quarter. Finally, Monarch Partners Asset Management LLC purchased a new stake in shares of American Assets Trust during the third quarter valued at $2,558,000. 95.32% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on AAT shares. Mizuho reaffirmed a “buy” rating and set a $43.00 target price on shares of American Assets Trust in a report on Wednesday, November 7th. Zacks Investment Research downgraded American Assets Trust from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Finally, ValuEngine raised American Assets Trust from a “hold” rating to a “buy” rating in a report on Saturday, December 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $41.20.

Shares of NYSE AAT opened at $42.20 on Friday. American Assets Trust, Inc has a 12 month low of $30.62 and a 12 month high of $42.85. The firm has a market cap of $2.02 billion, a PE ratio of 20.58, a P/E/G ratio of 3.84 and a beta of 0.24. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.10 and a quick ratio of 2.10.

American Assets Trust (NYSE:AAT) last announced its earnings results on Tuesday, October 30th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.28). American Assets Trust had a net margin of 6.09% and a return on equity of 2.43%. The company had revenue of $82.51 million for the quarter, compared to analysts’ expectations of $79.33 million. On average, research analysts anticipate that American Assets Trust, Inc will post 2.1 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Thursday, December 13th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.65%. This is an increase from American Assets Trust’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, December 12th. American Assets Trust’s dividend payout ratio is currently 56.25%.

In other American Assets Trust news, CEO Ernest S. Rady acquired 13,002 shares of American Assets Trust stock in a transaction that occurred on Friday, November 9th. The stock was purchased at an average cost of $39.08 per share, with a total value of $508,118.16. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ernest S. Rady acquired 5,844 shares of American Assets Trust stock in a transaction that occurred on Monday, November 26th. The stock was acquired at an average cost of $39.46 per share, with a total value of $230,604.24. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 123,350 shares of company stock valued at $4,905,245. 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.

Read More: Asset Allocation, Balancing Your Investments

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Institutional Ownership by Quarter for American Assets Trust (NYSE:AAT)

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