Koch Industries Inc. acquired a new stake in shares of American Assets Trust, Inc (NYSE:AAT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,383 shares of the real estate investment trust’s stock, valued at approximately $206,000.
A number of other institutional investors have also recently bought and sold shares of AAT. Crossmark Global Holdings Inc. purchased a new stake in American Assets Trust during the third quarter valued at $427,000. Stevens Capital Management LP purchased a new stake in American Assets Trust during the third quarter valued at $265,000. BNP Paribas Arbitrage SA increased its position in American Assets Trust by 30.4% during the third quarter. BNP Paribas Arbitrage SA now owns 35,344 shares of the real estate investment trust’s stock valued at $1,406,000 after acquiring an additional 8,250 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in American Assets Trust by 58.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 15,560 shares of the real estate investment trust’s stock valued at $619,000 after acquiring an additional 5,760 shares during the last quarter. Finally, Rhumbline Advisers increased its position in American Assets Trust by 1.5% during the third quarter. Rhumbline Advisers now owns 95,469 shares of the real estate investment trust’s stock valued at $3,797,000 after acquiring an additional 1,437 shares during the last quarter. Institutional investors own 99.11% of the company’s stock.
A number of analysts recently commented on AAT shares. Royal Bank of Canada set a $44.00 price objective on American Assets Trust and gave the company a “buy” rating in a research report on Saturday, February 17th. Mizuho upgraded American Assets Trust from a “neutral” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Thursday, February 22nd. Zacks Investment Research upgraded American Assets Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, February 19th. Finally, Bank of America cut American Assets Trust from a “neutral” rating to an “underperform” rating and set a $35.00 price target for the company. in a research report on Thursday, March 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. American Assets Trust presently has a consensus rating of “Hold” and a consensus price target of $43.60.
Shares of American Assets Trust, Inc (NYSE AAT) opened at $33.22 on Friday. The company has a debt-to-equity ratio of 1.57, a current ratio of 3.15 and a quick ratio of 3.15. The company has a market capitalization of $1,568.15, a PE ratio of 17.39, a price-to-earnings-growth ratio of 3.07 and a beta of 0.49. American Assets Trust, Inc has a 1 year low of $30.62 and a 1 year high of $44.83.
American Assets Trust (NYSE:AAT) last issued its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The company had revenue of $81.75 million during the quarter. American Assets Trust had a return on equity of 3.76% and a net margin of 10.16%. sell-side analysts expect that American Assets Trust, Inc will post 2.05 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Wednesday, March 14th. American Assets Trust’s payout ratio is 174.19%.
In related news, CEO Ernest S. Rady purchased 259,583 shares of American Assets Trust stock in a transaction on Wednesday, March 14th. The stock was acquired at an average price of $32.95 per share, for a total transaction of $8,553,259.85. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ernest S. Rady acquired 105,101 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was acquired at an average cost of $32.65 per share, with a total value of $3,431,547.65. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 864,929 shares of company stock valued at $28,061,530. Company insiders own 34.15% of the company’s stock.
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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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