American Assets Trust, Inc (AAT) Holdings Cut by Forward Management LLC

Forward Management LLC cut its holdings in American Assets Trust, Inc (NYSE:AAT) by 11.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,200 shares of the real estate investment trust’s stock after selling 7,600 shares during the quarter. Forward Management LLC’s holdings in American Assets Trust were worth $2,149,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Amalgamated Bank lifted its stake in American Assets Trust by 5.6% in the second quarter. Amalgamated Bank now owns 5,561 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 296 shares during the period. Advisor Group Inc. lifted its stake in American Assets Trust by 19.7% in the second quarter. Advisor Group Inc. now owns 2,663 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 439 shares during the period. Profund Advisors LLC lifted its stake in American Assets Trust by 9.7% in the second quarter. Profund Advisors LLC now owns 7,804 shares of the real estate investment trust’s stock valued at $307,000 after buying an additional 693 shares during the period. Parametric Portfolio Associates LLC increased its holdings in shares of American Assets Trust by 1.0% during the second quarter. Parametric Portfolio Associates LLC now owns 83,466 shares of the real estate investment trust’s stock valued at $3,288,000 after acquiring an additional 856 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its holdings in shares of American Assets Trust by 14.2% during the second quarter. Tudor Investment Corp ET AL now owns 10,302 shares of the real estate investment trust’s stock valued at $406,000 after acquiring an additional 1,279 shares in the last quarter. 98.19% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Ernest S. Rady acquired 26,230 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was purchased at an average price of $38.62 per share, for a total transaction of $1,013,002.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ernest S. Rady acquired 85,155 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average price of $38.84 per share, with a total value of $3,307,420.20. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 267,939 shares of company stock valued at $10,441,454. Corporate insiders own 34.15% of the company’s stock.

Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded American Assets Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Mizuho restated a “hold” rating and set a $40.00 price objective on shares of American Assets Trust in a report on Friday, November 10th. Finally, Bank of America downgraded American Assets Trust from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $44.00.

Shares of American Assets Trust, Inc (NYSE:AAT) opened at $34.47 on Friday. The company has a market capitalization of $1,624.50, a P/E ratio of 17.86, a PEG ratio of 2.93 and a beta of 0.40. American Assets Trust, Inc has a 1-year low of $33.70 and a 1-year high of $44.83. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 1.56.

ILLEGAL ACTIVITY NOTICE: This story was first published by Community Financial News and is owned by of Community Financial News. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://www.com-unik.info/2018/02/04/american-assets-trust-inc-aat-holdings-cut-by-forward-management-llc.html.

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.

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 & Ratings for American Assets Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Assets Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit