6 days Ago By ABMN Staff
Franklin Resources Inc. decreased its stake in American Assets Trust, Inc. ( NYSE:AAT – Free Report ) by 21.
1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,548 shares of the real estate investment trust’s stock after selling 15,129 shares during the period. Franklin Resources Inc.
owned approximately 0.09% of American Assets Trust worth $1,485,000 as of its most recent SEC filing. Other institutional investors have also recently added to or reduced their stakes in the company.
Charles Schwab Investment Management Inc. lifted its position in shares of American Assets Trust by 0.6% during the 4th quarter.
Charles Schwab Investment Management Inc. now owns 1,483,021 shares of the real estate investment trust’s stock valued at $38,944,000 after acquiring an additional 8,337 shares during the period. Geode Capital Management LLC increased its stake in American Assets Trust by 1.
2% in the 3rd quarter. Geode Capital Management LLC now owns 1,267,222 shares of the real estate investment trust’s stock valued at $33,866,000 after purchasing an additional 15,491 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in American Assets Trust by 8.
3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 728,386 shares of the real estate investment trust’s stock worth $19,127,000 after purchasing an additional 55,762 shares during the last quarter. Wellington Management Group LLP boosted its position in American Assets Trust by 693.
7% during the fourth quarter. Wellington Management Group LLP now owns 661,763 shares of the real estate investment trust’s stock worth $17,378,000 after purchasing an additional 578,386 shares in the last quarter. Finally, JPMorgan Chase & Co.
grew its holdings in American Assets Trust by 11.6% in the fourth quarter. JPMorgan Chase & Co.
now owns 652,216 shares of the real estate investment trust’s stock valued at $17,127,000 after purchasing an additional 67,687 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.
Analysts Set New Price Targets Separately, Mizuho cut their price target on American Assets Trust from $28.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th.
American Assets Trust Stock Up 3.0 % AAT stock opened at $18.84 on Tuesday.
The company has a debt-to-equity ratio of 1.80, a current ratio of 8.17 and a quick ratio of 8.
17. The company’s 50 day simple moving average is $20.69 and its 200-day simple moving average is $24.
49. American Assets Trust, Inc. has a 12 month low of $16.
69 and a 12 month high of $29.15. The firm has a market capitalization of $1.
15 billion, a PE ratio of 21.17 and a beta of 1.12.
American Assets Trust ( NYSE:AAT – Get Free Report ) last released its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.
14 by $0.41. American Assets Trust had a return on equity of 4.
98% and a net margin of 12.40%. Equities analysts expect that American Assets Trust, Inc.
will post 1.94 earnings per share for the current fiscal year. American Assets Trust Increases Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th.
Investors of record on Thursday, March 6th were paid a $0.34 dividend. This is an increase from American Assets Trust’s previous quarterly dividend of $0.
34. The ex-dividend date was Thursday, March 6th. This represents a $1.
36 annualized dividend and a yield of 7.22%. American Assets Trust’s payout ratio is presently 152.
81%. American Assets Trust Profile ( Free Report ) 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.
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