Westpac Banking Corp Boosts Holdings in American Assets Trust, Inc (NYSE:AAT)

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Westpac Banking Corp boosted its position in shares of American Assets Trust, Inc (NYSE:AAT) by 3.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,165 shares of the real estate investment trust’s stock after acquiring an additional 2,138 shares during the period. Westpac Banking Corp owned 0.13% of American Assets Trust worth $2,835,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Arizona State Retirement System lifted its position in American Assets Trust by 0.4% during the first quarter. Arizona State Retirement System now owns 58,405 shares of the real estate investment trust’s stock valued at $2,678,000 after acquiring an additional 228 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of American Assets Trust by 2.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,320 shares of the real estate investment trust’s stock worth $533,000 after buying an additional 250 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of American Assets Trust by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,630 shares of the real estate investment trust’s stock worth $671,000 after buying an additional 264 shares during the last quarter. Marshall Wace North America L.P. raised 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 worth $56,000 after buying an additional 300 shares during the last quarter. Finally, 6 Meridian raised its holdings in shares of American Assets Trust by 1.8% in the second quarter. 6 Meridian now owns 16,758 shares of the real estate investment trust’s stock worth $790,000 after buying an additional 300 shares during the last quarter. 76.93% of the stock is owned by institutional investors.

A number of research analysts have issued reports on AAT shares. Zacks Investment Research raised shares of American Assets Trust from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Tuesday, July 23rd. TheStreet raised shares of American Assets Trust from a “c” rating to a “b-” rating in a report on Wednesday, May 1st. Morgan Stanley set a $51.00 price target on shares of American Assets Trust and gave the stock a “buy” rating in a report on Wednesday, June 19th. ValuEngine cut shares of American Assets Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, JMP Securities raised shares of American Assets Trust from a “market perform” rating to an “outperform” rating in a report on Thursday, May 30th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.00.

NYSE AAT opened at $47.06 on Friday. The stock has a market cap of $2.77 billion, a P/E ratio of 22.52, a P/E/G ratio of 3.34 and a beta of 0.38. American Assets Trust, Inc has a 12-month low of $35.37 and a 12-month high of $48.30. The company has a fifty day simple moving average of $46.93 and a two-hundred day simple moving average of $45.76. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.01.

American Assets Trust (NYSE:AAT) last released its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.34). The business had revenue of $84.11 million during the quarter, compared to analyst estimates of $80.72 million. American Assets Trust had a return on equity of 3.99% and a net margin of 11.08%. As a group, sell-side analysts forecast that American Assets Trust, Inc will post 2.23 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.38%. American Assets Trust’s payout ratio is currently 53.59%.

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

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