Rhumbline Advisers grew its holdings in shares of American Assets Trust, Inc (NYSE:AAT) by 15.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 109,971 shares of the real estate investment trust’s stock after acquiring an additional 14,502 shares during the quarter. Rhumbline Advisers’ holdings in American Assets Trust were worth $4,205,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the business. Schroder Investment Management Group acquired a new stake in shares of American Assets Trust in the 3rd quarter worth about $204,000. Stifel Financial Corp acquired a new stake in shares of American Assets Trust in the 3rd quarter worth about $222,000. Stevens Capital Management LP acquired a new stake in shares of American Assets Trust in the 3rd quarter worth about $265,000. SG Americas Securities LLC increased its holdings in shares of American Assets Trust by 154.1% in the 3rd quarter. SG Americas Securities LLC now owns 9,786 shares of the real estate investment trust’s stock worth $389,000 after acquiring an additional 5,935 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of American Assets Trust in the 3rd quarter worth about $427,000. 99.11% of the stock is currently owned by institutional investors.
AAT has been the topic of a number of analyst reports. Royal Bank of Canada set a $44.00 price objective on shares of American Assets Trust and gave the stock a “buy” rating in a report on Saturday, February 17th. Zacks Investment Research raised shares of American Assets Trust from a “strong sell” rating to a “hold” rating in a report on Monday, February 19th. Mizuho raised shares of American Assets Trust from a “neutral” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Thursday, February 22nd. Finally, Bank of America cut shares of American Assets Trust from a “neutral” rating to an “underperform” rating and set a $35.00 price objective on the stock. in a report on Thursday, March 1st. Three investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $43.60.
American Assets Trust (NYSE:AAT) last announced its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). The company had revenue of $81.75 million during the quarter. American Assets Trust had a net margin of 10.16% and a return on equity of 3.76%. analysts expect that American Assets Trust, Inc will post 2.05 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a $0.27 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $1.08 dividend on an annualized basis and a yield of 3.30%. American Assets Trust’s dividend payout ratio is presently 174.19%.
In related news, CEO Ernest S. Rady bought 132,240 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The stock was purchased at an average price of $31.71 per share, for a total transaction of $4,193,330.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ernest S. Rady bought 67,961 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was bought at an average price of $32.20 per share, with a total value of $2,188,344.20. The disclosure for this purchase can be found here. Insiders purchased a total of 607,680 shares of company stock valued at $19,599,833 in the last quarter. 34.15% of the stock is currently owned by insiders.
American Assets Trust Profile
American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires and develops retail, office, multifamily and mixed-use properties in Southern California, Northern California, Oregon, Washington, Texas and Hawaii markets.
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