Strs Ohio raised its stake in American Assets Trust, Inc (NYSE:AAT) by 14.1% in the second quarter, HoldingsChannel reports. The fund owned 69,225 shares of the real estate investment trust’s stock after purchasing an additional 8,545 shares during the period. Strs Ohio’s holdings in American Assets Trust were worth $3,261,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently made changes to their positions in AAT. Quantamental Technologies LLC acquired a new position in American Assets Trust in the first quarter valued at approximately $27,000. Marshall Wace North America L.P. lifted its holdings in American Assets Trust by 32.9% in the first quarter. Marshall Wace North America L.P. now owns 1,211 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 300 shares during the period. Quadrant Capital Group LLC lifted its holdings in American Assets Trust by 757.9% in the first quarter. Quadrant Capital Group LLC now owns 1,570 shares of the real estate investment trust’s stock valued at $69,000 after acquiring an additional 1,387 shares during the period. Advisors Preferred LLC acquired a new position in American Assets Trust in the first quarter valued at approximately $125,000. Finally, Nisa Investment Advisors LLC lifted its holdings in American Assets Trust by 294.0% in the first quarter. Nisa Investment Advisors LLC now owns 2,955 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 2,205 shares during the period. 95.27% of the stock is owned by institutional investors.
Shares of AAT stock opened at $47.25 on Friday. The company has a current ratio of 1.95, a quick ratio of 2.12 and a debt-to-equity ratio of 1.01. The firm has a market cap of $2.84 billion, a P/E ratio of 22.99, a price-to-earnings-growth ratio of 3.49 and a beta of 0.38. The stock’s 50 day simple moving average is $46.95. American Assets Trust, Inc has a 1-year low of $35.37 and a 1-year high of $48.30.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Wednesday, September 11th. American Assets Trust’s payout ratio is 53.59%.
A number of research analysts have issued reports on AAT shares. TheStreet raised American Assets Trust from a “c” rating to a “b-” rating in a report on Wednesday, May 1st. JMP Securities raised American Assets Trust from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 30th. Morgan Stanley set a $51.00 target price on American Assets Trust and gave the stock a “buy” rating in a research note on Wednesday, June 19th. ValuEngine downgraded American Assets Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research raised American Assets Trust from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. American Assets Trust has an average rating of “Buy” and an average target price of $50.00.
American Assets Trust Company 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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