19,157 Shares in American Assets Trust, Inc. (NYSE:AAT) Purchased by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in shares of American Assets Trust, Inc. (NYSE:AAT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 19,157 shares of the real estate investment trust’s stock, valued at approximately $512,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Custom Index Systems LLC grew its stake in shares of American Assets Trust by 4.5% in the 2nd quarter. Custom Index Systems LLC now owns 10,697 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 463 shares during the period. The Manufacturers Life Insurance Company raised its position in American Assets Trust by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,052 shares of the real estate investment trust’s stock valued at $605,000 after buying an additional 571 shares during the last quarter. ProShare Advisors LLC boosted its holdings in American Assets Trust by 7.4% during the first quarter. ProShare Advisors LLC now owns 9,841 shares of the real estate investment trust’s stock worth $216,000 after purchasing an additional 681 shares during the last quarter. Texas Permanent School Fund Corp grew its stake in American Assets Trust by 1.6% in the first quarter. Texas Permanent School Fund Corp now owns 42,636 shares of the real estate investment trust’s stock valued at $934,000 after purchasing an additional 689 shares in the last quarter. Finally, Summit Global Investments raised its position in American Assets Trust by 2.6% during the second quarter. Summit Global Investments now owns 39,225 shares of the real estate investment trust’s stock worth $878,000 after acquiring an additional 1,008 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Mizuho boosted their target price on shares of American Assets Trust from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, August 19th.

American Assets Trust Stock Performance

Shares of AAT stock opened at $27.79 on Wednesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 3.03 and a quick ratio of 3.03. The stock has a market capitalization of $1.69 billion, a PE ratio of 31.22 and a beta of 1.30. The business’s 50 day simple moving average is $26.34 and its 200 day simple moving average is $23.68. American Assets Trust, Inc. has a one year low of $17.15 and a one year high of $28.23.

American Assets Trust (NYSE:AAT) last released its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.33). American Assets Trust had a net margin of 12.00% and a return on equity of 4.62%. The firm had revenue of $110.89 million for the quarter, compared to the consensus estimate of $107.66 million. During the same period in the previous year, the business earned $0.59 earnings per share. As a group, research analysts forecast that American Assets Trust, Inc. will post 2.32 earnings per share for the current year.

American Assets Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were given a dividend of $0.335 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $1.34 annualized dividend and a yield of 4.82%. American Assets Trust’s payout ratio is 150.56%.

About American Assets Trust

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.