Green Street Investors LLC Takes Position in American Assets Trust Inc. (AAT)
Green Street Investors LLC bought a new stake in American Assets Trust Inc. (NYSE:AAT) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 20,800 shares of the real estate investment trust’s stock, valued at approximately $883,000. American Assets Trust comprises approximately 0.7% of Green Street Investors LLC’s investment portfolio, making the stock its 23rd largest position.
A number of other institutional investors have also added to or reduced their stakes in AAT. BlackRock Japan Co. Ltd increased its position in American Assets Trust by 31.9% in the first quarter. BlackRock Japan Co. Ltd now owns 2,644 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 640 shares during the period. BB&T Securities LLC purchased a new stake in shares of American Assets Trust during the first quarter valued at approximately $227,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of American Assets Trust during the first quarter valued at approximately $252,000. Aperio Group LLC raised its stake in shares of American Assets Trust by 57.6% in the first quarter. Aperio Group LLC now owns 11,428 shares of the real estate investment trust’s stock valued at $456,000 after buying an additional 4,175 shares in the last quarter. Finally, HBK Investments L P raised its stake in shares of American Assets Trust by 22.9% in the first quarter. HBK Investments L P now owns 11,800 shares of the real estate investment trust’s stock valued at $471,000 after buying an additional 2,200 shares in the last quarter. Hedge funds and other institutional investors own 98.56% of the company’s stock.
American Assets Trust Inc. (NYSE:AAT) traded down 2.04% during midday trading on Wednesday, hitting $40.87. The stock had a trading volume of 271,436 shares. The stock has a market cap of $1.86 billion, a P/E ratio of 50.09 and a beta of 0.62. American Assets Trust Inc. has a 12-month low of $34.07 and a 12-month high of $46.38. The company’s 50-day moving average price is $43.79 and its 200 day moving average price is $42.02.
American Assets Trust (NYSE:AAT) last issued its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.01. American Assets Trust had a return on equity of 4.50% and a net margin of 12.97%. On average, equities research analysts predict that American Assets Trust Inc. will post $1.86 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th were given a $0.25 dividend. The ex-dividend date was Tuesday, September 13th. This represents a $1.00 annualized dividend and a dividend yield of 2.45%. American Assets Trust’s dividend payout ratio (DPR) is presently 121.95%.
Several equities research analysts have commented on AAT shares. Bank of America Corp. restated a “buy” rating on shares of American Assets Trust in a research note on Thursday, July 7th. Zacks Investment Research upgraded American Assets Trust from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Tuesday, September 13th. Mizuho lowered American Assets Trust from a “buy” rating to a “neutral” rating and set a $46.00 price target for the company. in a research note on Monday, July 18th. RBC Capital Markets restated an “outperform” rating and set a $53.00 price target (up from $49.00) on shares of American Assets Trust in a research note on Monday, August 1st. Finally, Royal Bank Of Canada upped their price target on American Assets Trust from $49.00 to $53.00 and gave the stock an “outperform” rating in a research note on Monday, August 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $48.83.
In other American Assets Trust news, CEO Ernest S. Rady bought 65,000 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was acquired at an average price of $43.06 per share, with a total value of $2,798,900.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 34.09% of the stock is owned by insiders.
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 high-barrier-to-entry markets in Southern California, Northern California, Oregon, Washington, Texas and Hawaii.
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