United Services Automobile Association boosted its holdings in shares of American Assets Trust, Inc (NYSE:AAT) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,972 shares of the real estate investment trust’s stock after purchasing an additional 425 shares during the quarter. United Services Automobile Association’s holdings in American Assets Trust were worth $800,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Summit Global Investments boosted its stake in American Assets Trust by 10.2% during the 2nd quarter. Summit Global Investments now owns 16,271 shares of the real estate investment trust’s stock valued at $767,000 after purchasing an additional 1,500 shares during the period. Nuveen Asset Management LLC bought a new stake in American Assets Trust during the 2nd quarter valued at approximately $51,314,000. Price T Rowe Associates Inc. MD boosted its stake in American Assets Trust by 19.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 830,026 shares of the real estate investment trust’s stock valued at $39,111,000 after purchasing an additional 136,547 shares during the period. Victory Capital Management Inc. boosted its stake in American Assets Trust by 29.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,464,926 shares of the real estate investment trust’s stock valued at $69,027,000 after purchasing an additional 337,320 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in American Assets Trust by 7.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 148,116 shares of the real estate investment trust’s stock valued at $6,979,000 after purchasing an additional 10,712 shares during the period. Hedge funds and other institutional investors own 96.09% of the company’s stock.
Shares of AAT stock opened at $46.77 on Friday. The stock has a 50 day moving average of $46.83 and a two-hundred day moving average of $46.45. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.01. American Assets Trust, Inc has a 12 month low of $35.37 and a 12 month high of $48.30. The company has a market capitalization of $2.77 billion, a P/E ratio of 22.42, a P/E/G ratio of 3.34 and a beta of 0.36.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were given a $0.28 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.39%. American Assets Trust’s dividend payout ratio is currently 53.59%.
AAT has been the subject of a number of research reports. Morgan Stanley set a $51.00 price objective on American Assets Trust and gave the stock a “buy” rating in a research report on Wednesday, June 19th. Zacks Investment Research downgraded American Assets Trust from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, ValuEngine downgraded American Assets Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. American Assets Trust has a consensus rating of “Buy” and an average price target of $50.00.
American Assets Trust Company Profile
American Assets Trust, Inc (the company) is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier retail, office 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, Oregon, Washington, Texas and Hawaii.
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