American Assets Trust (AAT) Position Lifted by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of American Assets Trust (NYSE:AAT) by 10.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,227 shares of the real estate investment trust’s stock after buying an additional 3,890 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.09% of American Assets Trust worth $1,377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Xact Kapitalforvaltning AB acquired a new position in American Assets Trust during the fourth quarter valued at $272,000. William Blair Investment Management LLC increased its position in American Assets Trust by 25.8% in the 4th quarter. William Blair Investment Management LLC now owns 643,088 shares of the real estate investment trust’s stock worth $24,592,000 after purchasing an additional 131,940 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in American Assets Trust in the 4th quarter worth about $734,000. Millennium Management LLC increased its position in American Assets Trust by 147.7% in the 4th quarter. Millennium Management LLC now owns 381,837 shares of the real estate investment trust’s stock worth $14,601,000 after purchasing an additional 227,654 shares during the last quarter. Finally, Meadow Creek Investment Management LLC increased its position in American Assets Trust by 24.8% in the 4th quarter. Meadow Creek Investment Management LLC now owns 8,738 shares of the real estate investment trust’s stock worth $334,000 after purchasing an additional 1,734 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

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AAT has been the topic of several research reports. Morgan Stanley raised American Assets Trust from an “equal” rating to a “weight” rating and set a $37.00 target price on the stock in a research report on Tuesday, March 27th. Zacks Investment Research lowered American Assets Trust from a “hold” rating to a “sell” rating in a research report on Friday, March 2nd. Royal Bank of Canada set a $44.00 target price on American Assets Trust and gave the stock a “buy” rating in a research report on Saturday, February 17th. ValuEngine lowered American Assets Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Finally, Mizuho raised American Assets Trust from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Thursday, February 22nd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $41.00.

In related news, CEO Ernest S. Rady purchased 105,101 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of $32.65 per share, for a total transaction of $3,431,547.65. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ernest S. Rady purchased 64,775 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were bought at an average price of $32.56 per share, with a total value of $2,109,074.00. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 1,028,993 shares of company stock valued at $33,775,312. 34.15% of the stock is currently owned by corporate insiders.

Shares of American Assets Trust opened at $34.08 on Friday, MarketBeat Ratings reports. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.55. American Assets Trust has a fifty-two week low of $30.62 and a fifty-two week high of $41.69. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 3.20 and a beta of 0.40.

American Assets Trust (NYSE:AAT) last issued its earnings results on Tuesday, May 1st. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.16). The firm had revenue of $80.73 million during the quarter. American Assets Trust had a return on equity of 2.52% and a net margin of 6.60%. equities research analysts expect that American Assets Trust will post 2.05 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Thursday, June 14th will be paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, June 13th. This represents a $1.08 annualized dividend and a dividend yield of 3.17%. American Assets Trust’s dividend payout ratio (DPR) is presently 56.25%.

American Assets Trust 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.

Institutional Ownership by Quarter for American Assets Trust (NYSE:AAT)