Daiwa Securities Group Inc. Decreases Stake in American Assets Trust, Inc. (NYSE:AAT)

Daiwa Securities Group Inc. lessened its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 31.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,058 shares of the real estate investment trust’s stock after selling 6,760 shares during the period. Daiwa Securities Group Inc.’s holdings in American Assets Trust were worth $337,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Signaturefd LLC grew its position in shares of American Assets Trust by 130.3% in the second quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 1,059 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of American Assets Trust by 265.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,837 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 2,061 shares during the last quarter. Inspire Advisors LLC purchased a new position in shares of American Assets Trust during the 1st quarter worth $205,000. ProShare Advisors LLC boosted its position in shares of American Assets Trust by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 9,841 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 681 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of American Assets Trust in the fourth quarter valued at about $219,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

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

American Assets Trust Trading Up 0.6 %

AAT opened at $26.86 on Tuesday. The stock has a market capitalization of $1.64 billion, a PE ratio of 30.18 and a beta of 1.30. American Assets Trust, Inc. has a one year low of $17.15 and a one year high of $27.55. The company has a debt-to-equity ratio of 1.48, a quick ratio of 3.03 and a current ratio of 3.03. The business’s 50 day moving average price is $25.31 and its 200 day moving average price is $22.84.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate 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 period last year, the company earned $0.59 EPS. As a group, equities research analysts expect that American Assets Trust, Inc. will post 2.41 EPS for the current year.

American Assets Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be paid a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 4.99%. The ex-dividend date of this dividend is Thursday, September 5th. American Assets Trust’s dividend payout ratio (DPR) is presently 150.56%.

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.