Geode Capital Management LLC Lowers Holdings in American Assets Trust, Inc. (NYSE:AAT)

Geode Capital Management LLC lowered its holdings in shares of American Assets Trust, Inc. ( NYSE:AAT – Free Report ) by 1.5% in the 4th quarter, HoldingsChannel.

com reports. The firm owned 1,247,619 shares of the real estate investment trust’s stock after selling 19,603 shares during the period. Geode Capital Management LLC’s holdings in American Assets Trust were worth $32,770,000 at the end of the most recent reporting period.



Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC grew its stake in American Assets Trust by 142.8% during the third quarter.

Jane Street Group LLC now owns 90,078 shares of the real estate investment trust’s stock valued at $2,407,000 after acquiring an additional 52,977 shares in the last quarter. Barclays PLC boosted its holdings in shares of American Assets Trust by 110.5% during the 3rd quarter.

Barclays PLC now owns 110,220 shares of the real estate investment trust’s stock valued at $2,946,000 after purchasing an additional 57,850 shares during the last quarter. Tidal Investments LLC grew its position in shares of American Assets Trust by 4.3% during the third quarter.

Tidal Investments LLC now owns 32,393 shares of the real estate investment trust’s stock valued at $866,000 after purchasing an additional 1,341 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of American Assets Trust by 14.

2% in the third quarter. JPMorgan Chase & Co. now owns 584,529 shares of the real estate investment trust’s stock worth $15,619,000 after purchasing an additional 72,579 shares during the last quarter.

Finally, Diversified Trust Co bought a new stake in shares of American Assets Trust in the fourth quarter worth about $253,000. Institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets Separately, Mizuho dropped 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 Trading Down 0.2 % AAT stock opened at $18.87 on Thursday.

The firm has a market cap of $1.15 billion, a PE ratio of 21.20 and a beta of 1.

12. The firm has a fifty day moving average price of $20.54 and a 200 day moving average price of $24.

42. The company has a debt-to-equity ratio of 1.80, a quick ratio of 8.

17 and a current ratio of 8.17. American Assets Trust, Inc.

has a fifty-two week low of $16.69 and a fifty-two week high of $29.15.

American Assets Trust ( NYSE:AAT – Get Free Report ) last issued its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.

14 by $0.41. American Assets Trust had a net margin of 12.

40% and a return on equity of 4.98%. Sell-side analysts anticipate that American Assets Trust, Inc.

will post 1.94 earnings per share for the current fiscal year. American Assets Trust Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th.

Shareholders of record on Thursday, March 6th were paid a dividend of $0.34 per share. This is a boost from American Assets Trust’s previous quarterly dividend of $0.

34. This represents a $1.36 annualized dividend and a yield of 7.

21%. The ex-dividend date of this dividend was Thursday, March 6th. American Assets Trust’s payout ratio is presently 152.

81%. About American Assets Trust ( 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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