Texas Permanent School Fund trimmed its holdings in shares of American Assets Trust, Inc (NYSE:AAT) by 11.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,770 shares of the real estate investment trust’s stock after selling 3,039 shares during the quarter. Texas Permanent School Fund owned approximately 0.05% of American Assets Trust worth $886,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of AAT. American Assets Investment Management LLC raised its position in American Assets Trust by 76.5% in the 2nd quarter. American Assets Investment Management LLC now owns 1,455,336 shares of the real estate investment trust’s stock valued at $55,739,000 after purchasing an additional 630,764 shares in the last quarter. BlackRock Inc. increased its holdings in shares of American Assets Trust by 5.8% in the 2nd quarter. BlackRock Inc. now owns 6,654,405 shares of the real estate investment trust’s stock valued at $254,797,000 after acquiring an additional 365,588 shares during the last quarter. Sei Investments Co. increased its holdings in shares of American Assets Trust by 66,655.7% in the 2nd quarter. Sei Investments Co. now owns 298,398 shares of the real estate investment trust’s stock valued at $11,426,000 after acquiring an additional 297,951 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of American Assets Trust in the 2nd quarter valued at about $7,733,000. Finally, Victory Capital Management Inc. grew its stake in American Assets Trust by 7.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,762,921 shares of the real estate investment trust’s stock worth $67,502,000 after buying an additional 123,106 shares during the last quarter. Hedge funds and other institutional investors own 95.32% of the company’s stock.
In related news, CEO Ernest S. Rady bought 13,002 shares of the stock in a transaction dated Friday, November 9th. The stock was bought at an average cost of $39.08 per share, with a total value of $508,118.16. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernest S. Rady acquired 5,844 shares of the firm’s stock in a transaction that occurred on Monday, November 26th. The stock was acquired at an average cost of $39.46 per share, with a total value of $230,604.24. The disclosure for this purchase can be found here. Insiders have acquired 98,350 shares of company stock worth $3,861,745 in the last 90 days. 37.90% of the stock is currently owned by insiders.
Shares of AAT traded up $0.29 during midday trading on Monday, reaching $41.91. 208,900 shares of the company were exchanged, compared to its average volume of 257,494. The stock has a market cap of $1.97 billion, a PE ratio of 21.70, a P/E/G ratio of 3.74 and a beta of 0.23. American Assets Trust, Inc has a 1-year low of $30.62 and a 1-year high of $41.93. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.10 and a quick ratio of 2.10.
American Assets Trust (NYSE:AAT) last issued its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.28). American Assets Trust had a return on equity of 2.43% and a net margin of 6.09%. The company had revenue of $82.51 million for the quarter, compared to analyst estimates of $79.33 million. On average, research analysts anticipate that American Assets Trust, Inc will post 2.1 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Thursday, December 13th will be paid a dividend of $0.28 per share. The ex-dividend date is Wednesday, December 12th. This represents a $1.12 annualized dividend and a yield of 2.67%. This is a boost from American Assets Trust’s previous quarterly dividend of $0.27. American Assets Trust’s dividend payout ratio is presently 56.25%.
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American Assets Trust Profile
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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