Algert Global LLC Reduces Stock Holdings in American Assets Trust, Inc. (NYSE:AAT)

Algert Global LLC reduced its position in American Assets Trust, Inc. (NYSE:AAT) by 48.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,931 shares of the real estate investment trust’s stock after selling 140,983 shares during the period. Algert Global LLC owned about 0.25% of American Assets Trust worth $3,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC lifted its stake in shares of American Assets Trust by 1,140.3% in the 1st quarter. SG Americas Securities LLC now owns 175,550 shares of the real estate investment trust’s stock valued at $3,846,000 after purchasing an additional 161,396 shares during the period. DekaBank Deutsche Girozentrale raised its position in American Assets Trust by 200.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 35,179 shares of the real estate investment trust’s stock worth $763,000 after acquiring an additional 23,452 shares during the period. Janus Henderson Group PLC raised its position in American Assets Trust by 633.0% during the first quarter. Janus Henderson Group PLC now owns 166,411 shares of the real estate investment trust’s stock worth $3,644,000 after acquiring an additional 143,707 shares during the period. Boston Partners acquired a new position in American Assets Trust during the first quarter worth $807,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in American Assets Trust during the first quarter worth $1,776,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

American Assets Trust Price Performance

Shares of NYSE AAT opened at $26.72 on Tuesday. The firm has a 50-day simple moving average of $26.06 and a 200-day simple moving average of $23.28. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 30.02 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, Inc. has a 52 week low of $17.15 and a 52 week high of $27.79.

American Assets Trust (NYSE:AAT) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.33). The business had revenue of $110.89 million during the quarter, compared to analyst estimates 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 quarter last year, the company earned $0.59 earnings per share. On average, equities analysts predict that American Assets Trust, Inc. will post 2.41 earnings per share for the current fiscal year.

American Assets Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date was Thursday, September 5th. American Assets Trust’s dividend payout ratio (DPR) is 150.56%.

Wall Street Analysts Forecast Growth

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

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.