Strs Ohio lowered its position in shares of American Assets Trust, Inc. (NYSE:AAT) by 10.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,563 shares of the real estate investment trust’s stock after selling 7,214 shares during the period. Strs Ohio’s holdings in American Assets Trust were worth $2,503,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. AEW Capital Management L P increased its position in shares of American Assets Trust by 2.6% in the first quarter. AEW Capital Management L P now owns 2,208,097 shares of the real estate investment trust’s stock worth $92,387,000 after buying an additional 55,200 shares in the last quarter. Boston Partners increased its position in shares of American Assets Trust by 12.7% in the first quarter. Boston Partners now owns 2,164,687 shares of the real estate investment trust’s stock worth $90,571,000 after buying an additional 244,779 shares in the last quarter. Daiwa Securities Group Inc. increased its position 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 in the last quarter. American Assets Inc. increased its position in shares of American Assets Trust by 2.8% in the first quarter. American Assets Inc. now owns 5,435,836 shares of the real estate investment trust’s stock worth $227,435,000 after buying an additional 150,000 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of American Assets Trust by 2.2% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 40,626 shares of the real estate investment trust’s stock worth $1,700,000 after buying an additional 860 shares in the last quarter. 99.84% of the stock is owned by institutional investors and hedge funds.

Shares of American Assets Trust, Inc. (NYSE:AAT) opened at 40.12 on Thursday. The company has a market cap of $1.89 billion, a P/E ratio of 60.97 and a beta of 0.52. The company’s 50 day moving average is $39.87 and its 200 day moving average is $41.39. American Assets Trust, Inc. has a 12 month low of $37.54 and a 12 month high of $46.04.

American Assets Trust (NYSE:AAT) last issued 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 Zacks’ 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 for the quarter. On average, equities research analysts predict that American Assets Trust, Inc. will post $0.77 EPS for the current fiscal year.

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

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A number of brokerages have weighed in on AAT. Canaccord Genuity raised their target price on shares of American Assets Trust from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, April 12th. BidaskClub raised shares of American Assets Trust from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 15th. TheStreet downgraded shares of American Assets Trust from a “b-” rating to a “c+” rating in a research note on Wednesday, July 26th. Finally, Zacks Investment Research raised shares of American Assets Trust from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Friday, July 14th. One investment 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. American Assets Trust presently has a consensus rating of “Hold” and an average price target of $46.00.

In related news, CEO Ernest S. Rady purchased 52,778 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were acquired at an average price of $40.17 per share, for a total transaction of $2,120,092.26. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ernest S. Rady purchased 39,056 shares of the business’s stock in a transaction on Monday, May 15th. The shares were bought at an average price of $39.40 per share, for a total transaction of $1,538,806.40. The disclosure for this purchase can be found here. Insiders have acquired a total of 589,947 shares of company stock worth $23,354,494 in the last 90 days. 34.15% of the stock is currently owned by company 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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