Citadel Advisors LLC reduced its position in shares of American Assets Trust, Inc (NYSE:AAT) by 6.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 owned about 0.30% of American Assets Trust worth $5,315,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of AAT. BlackRock Inc. raised its position in shares of American Assets Trust by 5.8% during the 2nd quarter. BlackRock Inc. now owns 6,654,405 shares of the real estate investment trust’s stock valued at $254,797,000 after acquiring an additional 365,588 shares in the last quarter. Sei Investments Co. raised its position in shares of American Assets Trust by 66,655.7% during the 2nd quarter. Sei Investments Co. now owns 298,398 shares of the real estate investment trust’s stock valued at $11,426,000 after acquiring an additional 297,951 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of American Assets Trust during the 2nd quarter valued at approximately $7,733,000. JPMorgan Chase & Co. raised its position in shares of American Assets Trust by 8.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 940,822 shares of the real estate investment trust’s stock valued at $35,083,000 after acquiring an additional 76,419 shares in the last quarter. Finally, Monarch Partners Asset Management LLC acquired a new stake in shares of American Assets Trust during the 3rd quarter valued at approximately $2,558,000. 95.32% of the stock is currently owned by institutional investors and hedge funds.
In other American Assets Trust news, CEO Ernest S. Rady purchased 13,002 shares of the firm’s stock in a transaction dated Friday, November 9th. The stock was bought at an average price of $39.08 per share, with a total value of $508,118.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ernest S. Rady purchased 33,967 shares of the firm’s stock in a transaction dated Thursday, November 15th. The stock was acquired at an average cost of $38.95 per share, with a total value of $1,323,014.65. The disclosure for this purchase can be found here. Insiders acquired 123,350 shares of company stock worth $4,905,245 over the last ninety days. 34.15% of the stock is owned by corporate insiders.
Several research firms recently issued reports on AAT. Zacks Investment Research raised American Assets Trust from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Tuesday, November 20th. ValuEngine raised American Assets Trust from a “hold” rating to a “buy” rating in a research report on Saturday, December 1st. Finally, Mizuho reaffirmed a “buy” rating and issued a $43.00 target price on shares of American Assets Trust in a research report on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. American Assets Trust currently has a consensus rating of “Buy” and a consensus price target of $41.20.
Shares of NYSE AAT opened at $42.20 on Friday. American Assets Trust, Inc has a 1-year low of $30.62 and a 1-year high of $42.85. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 20.58, a P/E/G ratio of 3.84 and a beta of 0.24.
American Assets Trust (NYSE:AAT) last issued its earnings results on Tuesday, October 30th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.28). American Assets Trust had a return on equity of 2.43% and a net margin of 6.09%. The company had revenue of $82.51 million during the quarter, compared to analyst estimates of $79.33 million. Sell-side analysts anticipate that American Assets Trust, Inc will post 2.1 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Thursday, December 13th will be given a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, December 12th. This is a positive change from American Assets Trust’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 2.65%. American Assets Trust’s dividend payout ratio (DPR) is currently 56.25%.
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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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