Oregon Public Employees Retirement Fund Reduces Stock Holdings in American Assets Trust, Inc. (NYSE:AAT)

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The Oregon Public Employees Retirement Fund reduced its holdings of American Assets Trust, Inc. (NYSE:AATGet a rating) by 2.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor held 19,745 shares of the REIT after selling 500 shares during the period. The Oregon Public Employees Retirement Fund’s holdings in American Assets Trust were worth $748,000 at the end of the last quarter.

A number of other hedge funds and other institutional investors also bought and sold shares of the company. Nuveen Asset Management LLC increased its holdings of American Assets Trust shares by 126.9% during the fourth quarter. Nuveen Asset Management LLC now owns 463,071 shares of the real estate investment trust worth $17,379,000 after purchasing an additional 259,030 shares during the period. Westwood Holdings Group Inc. purchased a new stake in shares of American Assets Trust during the fourth quarter for a value of approximately $7,466,000. State Street Corp increased its holdings of American Assets Trust shares by 4.5% during the fourth quarter. State Street Corp now owns 2,814,595 shares of the real estate investment trust worth $105,632,000 after purchasing an additional 120,964 shares during the period. JPMorgan Chase & Co. increased its holdings of American Assets Trust shares by 24.7% during the fourth quarter. JPMorgan Chase & Co. now owns 453,204 shares of the real estate investment trust worth $17,008,000 after purchasing an additional 89,877 shares during the period. Finally, Allianz Asset Management GmbH increased its stake in shares of American Assets Trust by 29.5% during the fourth quarter. Allianz Asset Management GmbH now owns 349,700 shares of the real estate investment trust worth $13,124,000 after purchasing an additional 79,700 shares during the period. Institutional investors and hedge funds own 94.83% of the company’s shares.

A number of analysts have weighed in on the stock recently. KeyCorp reiterated a “sector weight” rating on American Assets Trust shares in a report Thursday. Morgan Stanley cut its price target on American Assets Trust shares from $35.00 to $34.50 and set an “equal weight” rating for the company in a Monday, June 6 research note. TheStreet downgraded shares of American Assets Trust from a “b-” rating to a “c+” rating in a Thursday, June 16 research note. To finish, StockNews.com purported coverage of American Assets Trust stock in a Thursday, March 31, research note. They issued a “holding” rating for the company. According to data from MarketBeat, American Assets Trust has an average rating of “Hold” and a consensus price target of $35.75.

AAT share opened at $28.87 on Friday. American Assets Trust, Inc. has a 1-year low of $28.38 and a 1-year high of $40.83. The company has a market capitalization of $1.75 billion, a P/E ratio of 45.11, a PEG ratio of 1.68 and a beta of 1.14. The company has a 50-day moving average of $31.27 and a 200-day moving average of $34.76. The company has a debt ratio of 1.37, a current ratio of 2.43 and a quick ratio of 2.43.

American Asset Trust (NYSE:AATGet a rating) last announced its results on Tuesday, April 26. The real estate investment trust reported earnings per share of $0.18 for the quarter, missing analyst consensus estimates of $0.19 per ($0.01). American Assets Trust had a net margin of 9.57% and a return on equity of 3.10%. In the same quarter a year earlier, the company posted EPS of $0.38. On average, equity research analysts expect American Assets Trust, Inc. to post earnings per share of 2.2 for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 23. Shareholders of record on Thursday, June 9 received a dividend of $0.32 per share. This represents a dividend of $1.28 on an annualized basis and a dividend yield of 4.43%. The ex-dividend date was Wednesday, June 8. American Assets Trust’s dividend payout ratio is 200.00%.

In other news, CEO Ernest S. Rady purchased 9,614 shares of American Assets Trust in a trade that took place on Tuesday, May 3. The stock was purchased at an average price of $35.37 per share, with a total value of $340,047.18. Following completion of the transaction, the CEO now directly owns 2,009,039 shares of the company, valued at $71,059,709.43. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. Additionally, CEO Ernest S. Rady purchased 10,000 shares of American Assets Trust in a trade that took place on Monday, June 13. The shares were purchased at an average cost of $29.45 per share, with a total value of $294,500.00. As a result of the transaction, the CEO now directly owns 2,159,698 shares of the company, valued at $63,603,106.10. Disclosure of this purchase can be found here. Insiders acquired 110,811 shares of the company valued at $3,622,831 over the past ninety days. Insiders hold 34.38% of the shares of the company.

About American Assets Trust (Get a rating)

American Assets Trust, Inc is a full-service, vertically integrated, self-administered real estate investment trust or REIT, headquartered in San Diego, California. The company has more than 50 years of experience acquiring, improving, developing and managing prime office, retail and residential properties across the United States in some of the world’s toughest markets. most dynamic and difficult to access in the country, mainly in southern California, northern California, Oregon, Washington, Texas and Hawaii.

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Want to see which other hedge funds hold AATs? Visit HoldingsChannel.com for the latest 13F filings and insider trading for American Assets Trust, Inc. (NYSE:AATGet a rating).

Institutional ownership by quarter for American Assets Trust (NYSE:AAT)



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