BlackRock Inc. decreased its holdings in shares of American Assets Trust, Inc (NYSE:AAT) by 0.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,162,743 shares of the real estate investment trust’s stock after selling 58,558 shares during the period. BlackRock Inc. owned approximately 0.13% of American Assets Trust worth $235,665,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of AAT. Schroder Investment Management Group bought a new stake in shares of American Assets Trust in the 3rd quarter valued at $204,000. Stifel Financial Corp bought a new stake in shares of American Assets Trust in the 3rd quarter valued at $222,000. Stevens Capital Management LP bought a new stake in shares of American Assets Trust in the 3rd quarter valued at $265,000. SG Americas Securities LLC increased its position 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 valued at $389,000 after buying an additional 5,935 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of American Assets Trust in the 3rd quarter valued at $427,000. Institutional investors own 99.11% of the company’s stock.
A number of analysts recently commented on AAT shares. Royal Bank of Canada set a $44.00 price objective on shares of American Assets Trust and gave the company a “buy” rating in a research report on Saturday, February 17th. Mizuho upgraded shares of American Assets Trust from a “neutral” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Thursday, February 22nd. Zacks Investment Research upgraded shares of American Assets Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, February 19th. 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 for the company. in a research report on Thursday, March 1st. Three investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $43.60.
American Assets Trust (NYSE:AAT) last released 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 firm had revenue of $81.75 million for the quarter. American Assets Trust had a return on equity of 3.76% and a net margin of 10.16%. research analysts expect that American Assets Trust, Inc will post 2.05 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Wednesday, March 14th. American Assets Trust’s dividend payout ratio (DPR) is presently 174.19%.
In other news, CEO Ernest S. Rady bought 67,961 shares of the stock in a transaction on Friday, March 9th. The stock was purchased at an average price of $32.20 per share, for a total transaction of $2,188,344.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ernest S. Rady bought 105,101 shares of the stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of $32.65 per share, with a total value of $3,431,547.65. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 605,346 shares of company stock valued at $19,508,270. Corporate insiders own 34.15% of the company’s stock.
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American Assets Trust Company 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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