American Assets Inc. Acquires 196,636 Shares of American Assets Trust, Inc. $AAT

Key Points

• American Assets Inc. increased its American Assets Trust stake by 196,636 shares, or 2.7%, to 7.57 million shares. AAT now represents 51.9% of the investor’s portfolio, and the firm owns about 12.33% of the REIT.
• American Assets Trust reported quarterly EPS of $0.13, beating the $0.09 consensus, and revenue of $114.28 million, above expectations. It also announced a quarterly dividend of $0.34 per share, equivalent to a 6.3% yield.
• Analyst sentiment remains cautious: the stock has an average “Reduce” rating and a $21.50 average price target, versus a recent share price of $21.72.

American Assets Inc. boosted its holdings in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,571,235 shares of the real estate investment trust's stock after acquiring an additional 196,636 shares during the period. American Assets Trust accounts for about 51.9% of American Assets Inc.'s investment portfolio, making the stock its largest holding. American Assets Inc. owned about 12.33% of American Assets Trust worth $160,964,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Evolve Private Wealth LLC bought a new stake in shares of American Assets Trust in the 2nd quarter worth approximately $745,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of American Assets Trust by 9,416.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 313,371 shares of the real estate investment trust's stock worth $7,737,000 after buying an additional 310,078 shares during the last quarter. Hsbc Holdings PLC increased its position in American Assets Trust by 80.6% during the 2nd quarter. Hsbc Holdings PLC now owns 173,034 shares of the real estate investment trust's stock valued at $4,278,000 after buying an additional 77,216 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in American Assets Trust during the 2nd quarter valued at approximately $1,405,000. Finally, Legal & General Group Plc bought a new position in American Assets Trust during the 2nd quarter valued at approximately $7,060,000. 90.41% of the stock is owned by hedge funds and other institutional investors.

American Assets Trust Trading Down 0.8%

Shares of NYSE AAT opened at $21.72 on Wednesday. The firm's 50 day moving average price is $21.69 and its 200-day moving average price is $21.45. American Assets Trust, Inc. has a 52-week low of $17.72 and a 52-week high of $25.97. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.46 and a current ratio of 2.56. The company has a market cap of $1.33 billion, a PE ratio of 62.06 and a beta of 0.96.

American Assets Trust (NYSE:AAT - Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04. American Assets Trust had a return on equity of 1.99% and a net margin of 4.77%. The business had revenue of $114.28 million for the quarter, compared to analysts' expectations of $111.87 million. On average, equities research analysts expect that American Assets Trust, Inc. will post 2.05 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 10th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Thursday, December 10th. American Assets Trust's payout ratio is presently 388.57%.

Analyst Ratings Changes

AAT has been the subject of a number of recent research reports. Morgan Stanley lifted 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. Weiss Ratings reissued a "hold (c)" rating on shares of American Assets Trust in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, American Assets Trust presently has an average rating of "Reduce" and an average target price of $21.50.

About American Assets Trust

American Assets Trust, Inc NYSE: AAT is a self-administered and self-managed real estate investment trust (REIT) that owns, operates, acquires and develops primarily commercial and residential properties. Its portfolio includes office buildings, retail centers and multifamily communities.

The company focuses on high-quality properties in markets with attractive economic and demographic characteristics. Its properties are concentrated in select coastal regions of the United States, including Southern California, Northern California, Washington and Hawaii.

American Assets Trust traces its roots to a real estate business established by Ernest S.

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