Sei Investments Co. boosted its position in shares of American Assets Trust, Inc. (NYSE:AAT) by 19.1% during the second quarter, Holdings Channel reports. The fund owned 292,956 shares of the real estate investment trust’s stock after buying an additional 47,041 shares during the period. Sei Investments Co.’s holdings in American Assets Trust were worth $11,539,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Perigon Wealth Management LLC purchased a new stake in shares of American Assets Trust during the first quarter worth $105,000. 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 worth $106,000 after buying an additional 1,085 shares during the last quarter. Elkfork Partners LLC boosted its stake in shares of American Assets Trust by 10.8% in the first quarter. Elkfork Partners LLC now owns 2,884 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 280 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of 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 during the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of American Assets Trust during the first quarter worth $141,000. 99.84% of the stock is owned by institutional investors and hedge funds.

Shares of American Assets Trust, Inc. (AAT) opened at 40.12 on Thursday. American Assets Trust, Inc. has a 52 week low of $37.54 and a 52 week high of $46.04. The firm has a market capitalization of $1.89 billion, a PE ratio of 60.97 and a beta of 0.52. The stock has a 50 day moving average price of $39.87 and a 200-day moving average price of $41.39.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.01. American Assets Trust had a net margin of 10.93% and a return on equity of 3.94%. The company had revenue of $77.11 million during the quarter. Equities analysts anticipate that American Assets Trust, Inc. will post $0.77 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $1.04 annualized dividend and a yield of 2.59%. American Assets Trust’s dividend payout ratio is currently 157.58%.

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A number of brokerages have recently weighed in on AAT. TheStreet cut American Assets Trust from a “b-” rating to a “c+” rating in a research note on Wednesday, July 26th. BidaskClub raised American Assets Trust from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 15th. Zacks Investment Research raised American Assets Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 24th. Finally, Canaccord Genuity lifted their price objective on American Assets Trust from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, April 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $46.00.

In related news, CEO Ernest S. Rady purchased 39,056 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was purchased at an average cost of $39.40 per share, for a total transaction of $1,538,806.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ernest S. Rady purchased 47,976 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was bought 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. Over the last quarter, insiders purchased 589,947 shares of company stock valued at $23,354,494. 34.15% of the stock is owned by insiders.

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

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