Daiwa Securities Group Inc. raised its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 15.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,700 shares of the real estate investment trust’s stock after buying an additional 500 shares during the period. Daiwa Securities Group Inc.’s holdings in American Assets Trust were worth $146,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in AAT. BlackRock Inc. boosted its stake in shares of American Assets Trust by 9,426.3% in the first quarter. BlackRock Inc. now owns 5,711,691 shares of the real estate investment trust’s stock valued at $238,976,000 after buying an additional 5,651,734 shares in the last quarter. State Street Corp boosted its stake in shares of American Assets Trust by 59.6% in the first quarter. State Street Corp now owns 1,510,392 shares of the real estate investment trust’s stock valued at $63,194,000 after buying an additional 564,067 shares in the last quarter. FMR LLC boosted its stake in shares of American Assets Trust by 7.8% in the first quarter. FMR LLC now owns 4,770,789 shares of the real estate investment trust’s stock valued at $199,611,000 after buying an additional 344,803 shares in the last quarter. Boston Partners boosted its stake 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 valued at $90,571,000 after buying an additional 244,779 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of American Assets Trust by 3.6% in the first quarter. Vanguard Group Inc. now owns 6,031,452 shares of the real estate investment trust’s stock valued at $252,356,000 after buying an additional 208,727 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Shares of American Assets Trust, Inc. (NYSE:AAT) opened at 39.85 on Monday. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 60.56 and a beta of 0.52. American Assets Trust, Inc. has a 52-week low of $37.54 and a 52-week high of $45.50. The company has a 50-day moving average of $39.94 and a 200-day moving average of $41.26.

American Assets Trust (NYSE:AAT) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by $0.01. American Assets Trust had a return on equity of 3.94% and a net margin of 10.93%. The firm had revenue of $77.11 million for the quarter. Equities research analysts anticipate that American Assets Trust, Inc. will post $0.62 EPS for the current year.

The company also recently announced 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. This represents a $1.04 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Wednesday, September 13th. American Assets Trust’s dividend payout ratio (DPR) is presently 157.58%.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/08/21/daiwa-securities-group-inc-acquires-500-shares-of-american-assets-trust-inc-aat.html.

AAT has been the topic of several recent research reports. Zacks Investment Research upgraded shares of American Assets Trust from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Friday, July 14th. BidaskClub cut shares of American Assets Trust from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Finally, TheStreet cut shares of American Assets Trust from a “b-” rating to a “c+” rating in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. American Assets Trust has an average rating of “Hold” and an average target price of $46.00.

In other news, CEO Ernest S. Rady bought 31,381 shares of American Assets Trust stock in a transaction on Tuesday, May 23rd. The shares were bought at an average cost of $39.08 per share, with a total value of $1,226,369.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernest S. Rady bought 3,321 shares of American Assets Trust stock in a transaction on Monday, June 12th. The shares were purchased at an average cost of $40.97 per share, for a total transaction of $136,061.37. The disclosure for this purchase can be found here. Insiders have acquired 581,951 shares of company stock worth $23,224,096 over the last ninety days. 34.15% of the stock is owned by insiders.

About American Assets Trust

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.

Want to see what other hedge funds are holding AAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Assets Trust, Inc. (NYSE:AAT).

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

Receive News & Stock Ratings for American Assets Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Assets Trust Inc. and related stocks with our FREE daily email newsletter.