Arizona State Retirement System Has $428,000 Stake in American Assets Trust, Inc. (NYSE:AAT)

Arizona State Retirement System lowered its position in American Assets Trust, Inc. (NYSE:AAT) by 3.9% during the fourth quarter, Holdings Channel reports. The firm owned 14,809 shares of the real estate investment trust’s stock after selling 596 shares during the period. Arizona State Retirement System’s holdings in American Assets Trust were worth $428,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of AAT. Marshall Wace North America L.P. lifted its position in shares of American Assets Trust by 32.9% in the 1st quarter. Marshall Wace North America L.P. now owns 1,211 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 300 shares during the period. Amundi Pioneer Asset Management Inc. lifted its position in shares of American Assets Trust by 102.6% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 37,265 shares of the real estate investment trust’s stock valued at $1,709,000 after acquiring an additional 18,870 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of American Assets Trust during the 3rd quarter valued at $234,000. Louisiana State Employees Retirement System lifted its position in shares of American Assets Trust by 77.3% during the 3rd quarter. Louisiana State Employees Retirement System now owns 23,100 shares of the real estate investment trust’s stock valued at $556,000 after acquiring an additional 10,070 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in shares of American Assets Trust by 6.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 28,905 shares of the real estate investment trust’s stock valued at $696,000 after acquiring an additional 1,806 shares during the period. Hedge funds and other institutional investors own 94.06% of the company’s stock.

In other American Assets Trust news, COO Adam Wyll sold 8,500 shares of the company’s stock in a transaction on Monday, December 7th. The shares were sold at an average price of $30.20, for a total transaction of $256,700.00. Following the transaction, the chief operating officer now owns 79,524 shares in the company, valued at $2,401,624.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ernest S. Rady acquired 45,008 shares of the stock in a transaction on Monday, November 30th. The shares were acquired at an average price of $28.99 per share, for a total transaction of $1,304,781.92. The disclosure for this purchase can be found here. Corporate insiders own 32.76% of the company’s stock.

American Assets Trust stock opened at $29.30 on Friday. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 1.12. American Assets Trust, Inc. has a 12-month low of $20.15 and a 12-month high of $45.68. The firm’s fifty day moving average is $28.76 and its 200 day moving average is $26.87. The company has a market capitalization of $1.77 billion, a PE ratio of 46.51 and a beta of 1.20.

American Assets Trust (NYSE:AAT) last released its quarterly earnings data on Monday, February 8th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.09). American Assets Trust had a return on equity of 2.94% and a net margin of 10.38%. Sell-side analysts expect that American Assets Trust, Inc. will post 1.93 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 25th. Shareholders of record on Thursday, March 11th will be issued a dividend of $0.28 per share. This is an increase from American Assets Trust’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, March 10th. This represents a $1.12 annualized dividend and a yield of 3.82%. American Assets Trust’s dividend payout ratio is presently 45.45%.

Separately, Zacks Investment Research downgraded shares of American Assets Trust from a “hold” rating to a “strong sell” rating in a research report on Friday.

About American Assets Trust

American Assets Trust, Inc 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 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, Oregon, Washington, Texas and Hawaii.

Further Reading: Book Value Per Share – BVPS

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Institutional Ownership by Quarter for American Assets Trust (NYSE:AAT)

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