Renaissance Technologies LLC Lowers Stock Position in American Assets Trust, Inc. (NYSE:AAT)

Renaissance Technologies LLC cut its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 76.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,400 shares of the real estate investment trust’s stock after selling 69,100 shares during the quarter. Renaissance Technologies LLC’s holdings in American Assets Trust were worth $479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC raised its holdings in shares of American Assets Trust by 130.3% during the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 1,059 shares in the last quarter. Inspire Advisors LLC bought a new stake in shares of American Assets Trust in the 1st quarter worth approximately $205,000. ProShare Advisors LLC boosted its stake in shares of American Assets Trust by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 9,841 shares of the real estate investment trust’s stock valued at $216,000 after purchasing an additional 681 shares in the last quarter. Capital Square LLC purchased a new stake in shares of American Assets Trust in the 1st quarter valued at $219,000. Finally, Custom Index Systems LLC raised its position in 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 worth $239,000 after purchasing an additional 463 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

American Assets Trust Trading Down 0.3 %

NYSE:AAT opened at $26.31 on Friday. The company has a fifty day moving average of $26.23 and a 200 day moving average of $23.54. American Assets Trust, Inc. has a 52 week low of $17.15 and a 52 week high of $27.79. The firm has a market capitalization of $1.60 billion, a P/E ratio of 29.56 and a beta of 1.30. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 1.48.

American Assets Trust (NYSE:AAT) last posted its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.33). The business had revenue of $110.89 million for the quarter, compared to analysts’ expectations of $107.66 million. American Assets Trust had a net margin of 12.00% and a return on equity of 4.62%. During the same period last year, the firm posted $0.59 earnings per share. On average, research analysts predict that American Assets Trust, Inc. will post 2.41 earnings per share for the current year.

American Assets Trust Announces Dividend

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. This represents a $1.34 annualized dividend and a dividend yield of 5.09%. The ex-dividend date of this dividend was Thursday, September 5th. American Assets Trust’s dividend payout ratio is currently 150.56%.

Wall Street Analyst Weigh In

Separately, Mizuho raised their price objective on American Assets Trust from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, August 19th.

American Assets Trust Profile

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.