Teacher Retirement System of Texas increased its stake in American Assets Trust, Inc. (NYSE:AAT – Get a rating) by 6.7% in the first quarter, according to its latest filing with the Securities and Exchange Commission. The company held 10,613 shares of the real estate investment trust after purchasing an additional 671 shares during the quarter. The Teacher Retirement System of Texas holdings in American Assets Trust were worth $402,000 at the end of last quarter.
Other hedge funds have also recently changed their holdings in the company. CWM LLC increased its equity stake in American Assets Trust by 210.2% in Q1. CWM LLC now owns 698 shares of the real estate investment trust worth $26,000 after purchasing an additional 473 shares during the period. Ellevest Inc. increased its stake in shares of American Assets Trust to 97.6% in the 1st quarter. Ellevest Inc. now owns 727 shares of the real estate investment trust worth $28,000 after purchasing an additional 359 shares during the period. US Asset Management LLC bought a new position in American Assets Trust in Q1 valued at around $69,000. Wolverine Asset Management LLC bought a new position in American Assets Trust in Q4, valued at around $129,000. Finally, Schroder Investment Management Group increased its stake in American Assets Trust by 40.1% in the 4th quarter. Schroder Investment Management Group now owns 3,599 shares of the real estate investment trust worth $135,000 after buying 1,031 additional shares last quarter. Institutional investors hold 94.83% of the company’s shares.
American Assets Trust shares up 0.1%
Shares of NYSE:AAT opened at $28.55 on Thursday. American Assets Trust, Inc. has a 52-week low of $28.35 and a 52-week high of $40.83. The company has a fifty-day moving average of $29.71 and a 200-day moving average of $33.30. The company has a market capitalization of $1.73 billion, a PE ratio of 42.61, a growth price-earnings ratio of 1.63 and a beta of 1.10. The company has a debt ratio of 1.38, a quick ratio of 2.34 and a current ratio of 2.34.
American Assets Trust Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 22. Investors of record on Thursday, September 8 will receive a dividend of $0.32. The ex-dividend date is Wednesday, September 7. This represents an annualized dividend of $1.28 and a yield of 4.48%. American Assets Trust’s dividend payout ratio (DPR) is currently 191.04%.
A Wall Street analyst gives his opinion
A number of research analysts have weighed in on AAT shares recently. Morgan Stanley cut its price target on American Assets Trust shares from $34.50 to $25.50 and set an “equal weight” rating for the company in a Friday, July 15 research note. TheStreet downgraded shares of American Assets Trust from a “b-” rating to a “c+” rating in a Thursday, June 16 research note. Finally, KeyCorp reiterated a “sector weighting” rating on American Assets Trust stocks in a Thursday, July 14, research note. Four equity research analysts gave the stock a hold rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $31.25.
Insider buying and selling
In related news, CEO Ernest S. Rady bought 2,700 shares of the company in a transaction that took place on Wednesday, August 24. The stock was purchased at an average price of $28.39 per share, for a total transaction of $76,653.00. Following completion of the transaction, the CEO now owns 6,772,855 shares of the company, valued at $192,281,353.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. In other news from American Assets Trust, CEO Ernest S. Rady bought 2,700 shares in a trade on Wednesday, August 24. The shares were acquired at an average cost of $28.39 per share, with a total value of $76,653.00. Following the completion of the purchase, the CEO now directly owns 6,772,855 shares of the company, valued at approximately $192,281,353.45. The acquisition was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website. Also, CEO Ernest S. Rady bought 10,000 shares in a trade on Wednesday, June 1. The shares were acquired at an average cost of $33.71 per share, with a total value of $337,100.00. Following the completion of the purchase, the CEO now directly owns 2,137,816 shares of the company, valued at $72,065,777.36. Disclosure of this purchase can be found here. In the past ninety days, insiders have purchased 152,071 shares of the company worth $4,585,403. Company insiders hold 34.38% of the company’s shares.
About American Assets Trust
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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