First Trust Advisors LP grew its stake in shares of American Assets Trust, Inc (NYSE:AAT) by 289.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,071 shares of the real estate investment trust’s stock after purchasing an additional 23,835 shares during the quarter. First Trust Advisors LP owned approximately 0.07% of American Assets Trust worth $1,228,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Picton Mahoney Asset Management purchased a new stake in shares of American Assets Trust during the second quarter valued at $206,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of American Assets Trust during the first quarter valued at $212,000. Amalgamated Bank purchased a new stake in shares of American Assets Trust during the second quarter valued at $216,000. SG Americas Securities LLC boosted its stake in shares of American Assets Trust by 82.3% during the first quarter. SG Americas Securities LLC now owns 7,526 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 3,397 shares during the period. Finally, Signition LP purchased a new stake in shares of American Assets Trust during the first quarter valued at $253,000. 94.45% of the stock is owned by hedge funds and other institutional investors.

In other American Assets Trust news, CEO Ernest S. Rady acquired 5,000 shares of the stock in a transaction that occurred on Monday, August 6th. The stock was bought at an average cost of $38.78 per share, with a total value of $193,900.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernest S. Rady acquired 7,001 shares of the stock in a transaction that occurred on Wednesday, August 8th. The stock was acquired at an average cost of $38.67 per share, with a total value of $270,728.67. The disclosure for this purchase can be found here. 34.15% of the stock is owned by corporate insiders.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of American Assets Trust from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, July 11th. ValuEngine raised shares of American Assets Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Finally, Morgan Stanley boosted their target price on shares of American Assets Trust from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, June 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.20.

NYSE:AAT opened at $38.28 on Monday. American Assets Trust, Inc has a 1-year low of $30.62 and a 1-year high of $41.69. The stock has a market capitalization of $1.83 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 3.51 and a beta of 0.32. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 1.56.

American Assets Trust (NYSE:AAT) last released its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.44). American Assets Trust had a return on equity of 2.25% and a net margin of 5.70%. The business had revenue of $85.02 million during the quarter, compared to analysts’ expectations of $80.21 million. analysts predict that American Assets Trust, Inc will post 2.07 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Thursday, September 13th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Wednesday, September 12th. American Assets Trust’s dividend payout ratio (DPR) is presently 56.25%.

About American Assets Trust

American Assets Trust, Inc (the ?company?) is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier retail, office and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Oregon, Washington, Texas and Hawaii.

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

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