Teachers Insurance & Annuity Association of America decreased its position in shares of American Assets Trust, Inc. (NYSE:AAT) by 2.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,188 shares of the real estate investment trust’s stock after selling 822 shares during the period. Teachers Insurance & Annuity Association of America owned about 0.09% of American Assets Trust worth $1,681,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in AAT. LS Investment Advisors LLC boosted its stake in shares of American Assets Trust by 75.0% in the first quarter. LS Investment Advisors LLC now owns 2,531 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 1,085 shares during the last quarter. Elkfork Partners LLC acquired a new position in American Assets Trust during the fourth quarter worth approximately $112,000. Daiwa Securities Group Inc. raised its position in American Assets Trust by 39.1% in the first quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 900 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of American Assets Trust during the first quarter worth about $141,000. Finally, Meadow Creek Investment Management LLC increased its stake in shares of American Assets Trust by 10.8% in the first quarter. Meadow Creek Investment Management LLC now owns 3,502 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 340 shares during the period. Hedge funds and other institutional investors own 98.61% of the company’s stock.
American Assets Trust, Inc. (NYSE AAT) traded up 1.43% during mid-day trading on Wednesday, reaching $38.93. 53,442 shares of the company traded hands. The stock has a market capitalization of $1.83 billion, a PE ratio of 54.91 and a beta of 0.52. The stock has a 50-day moving average of $39.75 and a 200 day moving average of $42.00. American Assets Trust, Inc. has a 52-week low of $37.54 and a 52-week high of $46.38.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 29th. Investors of record on Thursday, June 15th were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, June 13th. This represents a $1.04 annualized dividend and a yield of 2.71%. American Assets Trust’s dividend payout ratio (DPR) is 146.48%.
Several research firms have recently issued reports on AAT. BidaskClub lowered shares of American Assets Trust from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised shares of American Assets Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, May 24th. Finally, Canaccord Genuity boosted their price objective on American Assets Trust from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, April 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. American Assets Trust has a consensus rating of “Hold” and an average target price of $48.50.
In other news, CEO Ernest S. Rady acquired 3,321 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was purchased at an average price of $40.97 per share, for a total transaction of $136,061.37. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ernest S. Rady bought 47,976 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average cost of $38.55 per share, for a total transaction of $1,849,474.80. The disclosure for this purchase can be found here. Insiders have acquired a total of 537,169 shares of company stock valued at $21,234,402 over the last three months. Company insiders own 34.15% of the company’s stock.
About American Assets Trust
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.
Receive News & Ratings for American Assets Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Assets Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.