Ieq Capital LLC acquired a new stake in American Assets Trust, Inc. (NYSE:AAT – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 51,190 shares of the real estate investment trust’s stock, valued at approximately $1,264,000.
Other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in American Assets Trust in the second quarter worth $226,220,000. Vanguard Group Inc. grew its position in American Assets Trust by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 7,677,140 shares of the real estate investment trust’s stock worth $145,328,000 after buying an additional 132,887 shares in the last quarter. Senvest Management LLC grew its holdings in shares of American Assets Trust by 22.1% during the first quarter. Senvest Management LLC now owns 3,577,054 shares of the real estate investment trust’s stock worth $65,854,000 after purchasing an additional 647,618 shares in the last quarter. LSV Asset Management increased its holdings in shares of American Assets Trust by 0.9% in the 4th quarter. LSV Asset Management now owns 1,845,156 shares of the real estate investment trust’s stock worth $34,929,000 after buying an additional 16,360 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of American Assets Trust by 4.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,234,013 shares of the real estate investment trust’s stock worth $22,696,000 after purchasing an additional 56,553 shares in the last quarter. Hedge funds and other institutional investors own 90.41% of the company’s stock.
American Assets Trust Price Performance
Shares of AAT stock opened at $22.78 on Thursday. The business’s fifty day moving average is $24.06 and its 200 day moving average is $21.74. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 1.61. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 78.55 and a beta of 0.96. American Assets Trust, Inc. has a twelve month low of $17.72 and a twelve month high of $25.97.
American Assets Trust Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Thursday, September 3rd. American Assets Trust’s dividend payout ratio is currently 468.97%.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Assets Trust in a report on Tuesday, August 18th. Morgan Stanley increased their price objective on American Assets Trust from $18.00 to $24.00 and gave the company an “underweight” rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $21.50.
View Our Latest Research Report on American Assets Trust
American Assets Trust Company Profile
American Assets Trust, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops and manages a diversified portfolio of commercial properties across multiple asset classes. The company’s holdings include retail centers, office buildings, multifamily communities and select hotel and resort properties. American Assets Trust pursues an integrated strategy combining proactive redevelopment, leasing initiatives and sustainable design to enhance asset value and drive long-term growth.
Founded in 1998 and headquartered in San Diego, California, American Assets Trust has built a presence in key markets along the West Coast and select western U.S.
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