Monarch Partners Asset Management LLC decreased its holdings in American Assets Trust, Inc (NYSE:AAT) by 23.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 177,028 shares of the real estate investment trust’s stock after selling 53,795 shares during the quarter. Monarch Partners Asset Management LLC owned 0.30% of American Assets Trust worth $8,274,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in shares of American Assets Trust in the second quarter worth $25,000. Point72 Asset Management L.P. acquired a new stake in shares of American Assets Trust in the second quarter valued at $47,000. Marshall Wace North America L.P. lifted its holdings in shares of American Assets Trust by 32.9% in the first quarter. Marshall Wace North America L.P. now owns 1,211 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 300 shares during the period. First Mercantile Trust Co. acquired a new stake in shares of American Assets Trust in the third quarter valued at $64,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of American Assets Trust in the second quarter valued at $99,000. 95.84% of the stock is owned by institutional investors.
Several analysts have recently weighed in on the company. ValuEngine lowered American Assets Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded American Assets Trust from a “sell” rating to a “hold” rating in a report on Monday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. American Assets Trust presently has a consensus rating of “Buy” and an average target price of $50.00.
Shares of American Assets Trust stock traded down $0.20 during trading on Friday, hitting $46.76. The stock had a trading volume of 163,446 shares, compared to its average volume of 350,483. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.90 and a quick ratio of 1.95. The firm has a market cap of $2.87 billion, a P/E ratio of 22.37, a PEG ratio of 3.44 and a beta of 0.33. The business has a fifty day moving average of $47.18 and a two-hundred day moving average of $46.70. American Assets Trust, Inc has a fifty-two week low of $38.15 and a fifty-two week high of $49.26.
American Assets Trust (NYSE:AAT) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.33). The firm had revenue of $98.36 million during the quarter, compared to analyst estimates of $83.72 million. American Assets Trust had a net margin of 11.29% and a return on equity of 3.77%. As a group, research analysts forecast that American Assets Trust, Inc will post 2.23 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Thursday, December 12th will be issued a $0.30 dividend. This is a positive change from American Assets Trust’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.20 annualized dividend and a dividend yield of 2.57%. American Assets Trust’s dividend payout ratio is 53.59%.
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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