Macquarie Group Ltd. maintained its position in American Assets Trust, Inc. (NYSE:AAT) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,800 shares of the real estate investment trust’s stock at the close of the second quarter. Macquarie Group Ltd.’s holdings in American Assets Trust were worth $544,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of AAT. Advisor Group Inc. boosted its position in shares of American Assets Trust by 19.7% during the 2nd quarter. Advisor Group Inc. now owns 2,663 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 439 shares during the period. Riverhead Capital Management LLC boosted its position in American Assets Trust by 83.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,298 shares of the real estate investment trust’s stock valued at $130,000 after buying an additional 1,498 shares during the period. Daiwa Securities Group Inc. boosted its position in American Assets Trust by 15.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 3,700 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 500 shares during the period. KCG Holdings Inc. purchased a new position in American Assets Trust in the 1st quarter valued at approximately $215,000. Finally, Pinebridge Investments L.P. boosted its position in American Assets Trust by 2.5% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,462 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 132 shares during the period. 97.59% of the stock is owned by hedge funds and other institutional investors.
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American Assets Trust, Inc. (NYSE AAT) opened at 39.04 on Tuesday. The stock has a market cap of $1.84 billion, a PE ratio of 59.33 and a beta of 0.51. The firm has a 50-day moving average of $40.17 and a 200 day moving average of $40.37. American Assets Trust, Inc. has a 12 month low of $37.54 and a 12 month high of $44.83.
American Assets Trust (NYSE:AAT) last released its quarterly earnings data 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). The business had revenue of $77.11 million for the quarter. American Assets Trust had a return on equity of 3.94% and a net margin of 10.93%. Analysts anticipate that American Assets Trust, Inc. will post $0.62 EPS for the current year.
In other news, CEO Ernest S. Rady bought 1,010 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was acquired at an average cost of $40.79 per share, for a total transaction of $41,197.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernest S. Rady bought 46,508 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $40.00 per share, with a total value of $1,860,320.00. The disclosure for this purchase can be found here. Insiders bought 424,319 shares of company stock valued at $17,117,491 over the last 90 days. Insiders own 34.15% of the company’s stock.
Several brokerages have commented on AAT. Zacks Investment Research cut shares of American Assets Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. 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 cut 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. The stock presently has an average rating of “Hold” and an average target price of $46.33.
American Assets Trust 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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