Nationwide Fund Advisors cut its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 16.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 75,599 shares of the real estate investment trust’s stock after selling 15,095 shares during the quarter. Nationwide Fund Advisors owned 0.16% of American Assets Trust worth $2,978,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of AAT. Perigon Wealth Management LLC purchased a new position in shares of American Assets Trust in the first quarter worth $105,000. Riverhead Capital Management LLC increased its stake in shares of American Assets Trust by 83.2% in the second quarter. Riverhead Capital Management LLC now owns 3,298 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 1,498 shares during the period. Ameritas Investment Partners Inc. purchased a new position in shares of American Assets Trust in the first quarter worth $141,000. Daiwa Securities Group Inc. increased its stake in shares of American Assets Trust by 15.6% in the second quarter. Daiwa Securities Group Inc. now owns 3,700 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 500 shares during the period. Finally, KCG Holdings Inc. purchased a new position in shares of American Assets Trust in the first quarter worth $215,000. 97.81% of the stock is currently owned by hedge funds and other institutional investors.
In other American Assets Trust news, CEO Ernest S. Rady purchased 52,778 shares of the stock in a transaction on Wednesday, August 9th. The stock was acquired at an average price of $40.17 per share, with a total value of $2,120,092.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ernest S. Rady purchased 21,553 shares of the stock in a transaction on Thursday, September 7th. The stock was acquired at an average cost of $40.83 per share, with a total value of $880,008.99. The disclosure for this purchase can be found here. Insiders acquired 424,319 shares of company stock worth $17,117,491 in the last quarter. 34.15% of the stock is owned by insiders.
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American Assets Trust, Inc. (NYSE AAT) opened at 41.37 on Thursday. American Assets Trust, Inc. has a 52 week low of $37.54 and a 52 week high of $44.83. The company has a market cap of $1.95 billion, a PE ratio of 62.87 and a beta of 0.51. The company has a 50-day moving average of $40.41 and a 200-day moving average of $40.60.
American Assets Trust (NYSE:AAT) last posted its 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. On average, equities analysts expect that American Assets Trust, Inc. will post $0.62 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $1.04 annualized dividend and a yield of 2.51%. American Assets Trust’s dividend payout ratio (DPR) is presently 157.58%.
Several brokerages recently commented on AAT. Zacks Investment Research downgraded shares of American Assets Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. BidaskClub raised shares of American Assets Trust from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, TheStreet downgraded 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, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $46.33.
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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