Arizona State Retirement System trimmed its stake in shares of American Assets Trust, Inc (NYSE:AAT) by 9.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,801 shares of the real estate investment trust’s stock after selling 5,688 shares during the period. Arizona State Retirement System owned about 0.12% of American Assets Trust worth $2,044,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Point72 Hong Kong Ltd increased its stake in American Assets Trust by 277.1% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,719 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 1,998 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in American Assets Trust in the 2nd quarter valued at $206,000. Amalgamated Bank acquired a new stake in American Assets Trust in the 2nd quarter valued at $216,000. United Services Automobile Association acquired a new stake in American Assets Trust in the 2nd quarter valued at $227,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in American Assets Trust in the 2nd quarter valued at $336,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.

AAT has been the topic of several recent research reports. Mizuho reiterated a “buy” rating and issued a $43.00 price target on shares of American Assets Trust in a research note on Wednesday, November 7th. ValuEngine upgraded shares of American Assets Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Finally, Zacks Investment Research lowered shares of American Assets Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $41.00.

In other news, CEO Ernest S. Rady acquired 13,002 shares of the stock in a transaction dated Friday, November 9th. The shares were bought at an average cost of $39.08 per share, for a total transaction of $508,118.16. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ernest S. Rady acquired 8,606 shares of the stock in a transaction dated Monday, November 12th. The shares were purchased at an average price of $39.42 per share, for a total transaction of $339,248.52. The disclosure for this purchase can be found here. 37.90% of the stock is owned by insiders.

Shares of AAT stock opened at $39.37 on Wednesday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 1.57. American Assets Trust, Inc has a 1 year low of $30.62 and a 1 year high of $39.99. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 3.52 and a beta of 0.19.

American Assets Trust (NYSE:AAT) last released its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.28). The firm had revenue of $82.51 million for the quarter, compared to analyst estimates of $79.33 million. American Assets Trust had a return on equity of 2.43% and a net margin of 6.09%. Research analysts expect that American Assets Trust, Inc will post 2.09 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Thursday, December 13th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, December 12th. This is a positive change from American Assets Trust’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 2.84%. American Assets Trust’s payout ratio is currently 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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Institutional Ownership by Quarter for American Assets Trust (NYSE:AAT)

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