American Assets Trust, Inc (NYSE:AAT) Stake Decreased by Capstone Asset Management Co.
Capstone Asset Management Co. decreased its stake in American Assets Trust, Inc (NYSE:AAT) by 2.5% during the second quarter, Holdings Channel reports. The firm owned 10,026 shares of the real estate investment trust’s stock after selling 260 shares during the period. Capstone Asset Management Co.’s holdings in American Assets Trust were worth $395,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in AAT. Norges Bank purchased a new stake in American Assets Trust during the fourth quarter valued at about $18,091,000. Macquarie Group Ltd. purchased a new stake in American Assets Trust during the fourth quarter valued at about $595,000. Louisiana State Employees Retirement System boosted its stake in American Assets Trust by 3.1% in the first quarter. Louisiana State Employees Retirement System now owns 16,600 shares of the real estate investment trust’s stock valued at $695,000 after buying an additional 500 shares during the period. Quotient Investors LLC purchased a new stake in American Assets Trust during the first quarter valued at about $473,000. Finally, Russell Investments Group Ltd. boosted its stake in American Assets Trust by 30.9% in the first quarter. Russell Investments Group Ltd. now owns 28,491 shares of the real estate investment trust’s stock valued at $1,192,000 after buying an additional 6,728 shares during the period. 99.84% of the stock is owned by institutional investors and hedge funds.
American Assets Trust, Inc (NYSE:AAT) traded down 0.15% during midday trading on Monday, hitting $40.33. 57,343 shares of the stock traded hands. The company’s 50-day moving average is $39.89 and its 200-day moving average is $41.49. The company has a market cap of $1.90 billion, a PE ratio of 61.29 and a beta of 0.52. American Assets Trust, Inc has a one year low of $37.54 and a one year high of $46.20.
American Assets Trust (NYSE:AAT) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by $0.01. The firm had revenue of $77.11 million during the quarter. American Assets Trust had a net margin of 9.84% and a return on equity of 2.64%. Equities research analysts expect that American Assets Trust, Inc will post $0.77 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.57%. American Assets Trust’s dividend payout ratio (DPR) is presently 157.58%.
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Several equities research analysts have recently issued reports on AAT shares. Zacks Investment Research cut shares of American Assets Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. Canaccord Genuity lifted their price objective on shares of American Assets Trust from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, April 12th. BidaskClub raised shares of American Assets Trust from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 15th. Finally, TheStreet cut shares of American Assets Trust from a “b-” rating to a “c+” rating in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $46.00.
In other news, CEO Ernest S. Rady bought 3,321 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was acquired at an average cost of $40.97 per share, for a total transaction of $136,061.37. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernest S. Rady bought 47,976 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was purchased at an average price of $38.55 per share, with a total value of $1,849,474.80. The disclosure for this purchase can be found here. Insiders bought 537,169 shares of company stock valued at $21,234,402 over the last 90 days. 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.
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