Raymond James Financial Inc. purchased a new stake in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 64,841 shares of the real estate investment trust's stock, valued at approximately $1,703,000. Raymond James Financial Inc. owned about 0.11% of American Assets Trust as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AAT. Loomis Sayles & Co. L P bought a new position in shares of American Assets Trust in the fourth quarter valued at approximately $44,000. Smartleaf Asset Management LLC boosted its stake in American Assets Trust by 227.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,463 shares of the real estate investment trust's stock worth $64,000 after purchasing an additional 1,711 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of American Assets Trust by 62.7% during the fourth quarter. Federated Hermes Inc. now owns 2,827 shares of the real estate investment trust's stock worth $74,000 after purchasing an additional 1,089 shares during the last quarter. KBC Group NV increased its stake in shares of American Assets Trust by 56.5% in the fourth quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust's stock valued at $84,000 after buying an additional 1,161 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of American Assets Trust in the fourth quarter valued at about $231,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.
American Assets Trust Trading Up 0.7 %
AAT stock traded up $0.13 during midday trading on Wednesday, reaching $19.04. The stock had a trading volume of 364,765 shares, compared to its average volume of 313,516. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 21.39 and a beta of 1.13. American Assets Trust, Inc. has a twelve month low of $16.69 and a twelve month high of $29.15. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 1.80. The business has a fifty day simple moving average of $19.56 and a two-hundred day simple moving average of $23.59.
American Assets Trust (NYSE:AAT - Get Free Report) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.07. The company had revenue of $108.61 million for the quarter, compared to analyst estimates of $112.05 million. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. As a group, research analysts expect that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.
American Assets Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 7.14%. The ex-dividend date of this dividend is Thursday, June 5th. American Assets Trust's payout ratio is 107.09%.
Wall Street Analyst Weigh In
Several research firms have weighed in on AAT. Mizuho lowered their price objective on shares of American Assets Trust from $28.00 to $22.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Morgan Stanley dropped their price objective on shares of American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th.
Check Out Our Latest Stock Analysis on American Assets Trust
American Assets Trust Profile
(
Free Report)
American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, 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, Washington, Oregon, Texas and Hawaii.
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