According to the most recent Form 13F filing that the company made with the SEC, during the third quarter, Dimensional Fund Advisors LP reduced its holdings in American Assets Trust, INC (NYSE: AAT).
The institutional investor currently has a total holding of 735,146 shares of the company’s stock following the sale of 6,425 shares of the real estate investment trust’s stock during the quarter.
At the conclusion of the most recent fiscal quarter, Dimensional Fund Advisors LP held approximately 1.21% of the American Assets Trust shares, valued at $18,907,000.
In addition, Mizuho reaffirmed their “neutral” rating on shares of American Assets Trust and set a price objective of $30.00 for the company in a public research report on Friday, February 10.
According to the information obtained from Bloomberg.com, four analysts have rated the stock as having a hold recommendation.
The company’s consensus recommendation among market analysts is “Hold,” and their price objective is $29.00 per share.
Recently, several hedge funds have changed the total amount of AAT they are currently holding in their portfolios.
The percentage of American Assets Trust shares that State Street Corporation owned increased by 12.1% during the first quarter after the company bought more of those shares.
After making a new purchase of 339,960 shares during the most recent quarter, State Street Corp. now owns 3,154,555 shares of the real estate investment trust’s stock, with a combined value of $119,526,000.
This brings the total number of shares that State Street Corp.
Through the second quarter; FMR LLC was able to increase the amount of American Assets Trust stock owned by 8.4%. FMR LLC now has 2,763,383 shares of the real estate investment trust, valued at $82,072,000, after making an additional purchase of 214,301 shares during the most recent quarter.
In the first three months of the year, Invesco Ltd made a 115.0% increase in the number of shares of American Assets Trust that it owned.
Invesco Ltd now has 365,299 shares of the real estate investment trust, collectively worth $13,841,000, thanks to additional purchases of 195,424 shares made over time.
The amount of American Assets Trust that Renaissance Technologies LLC could call it’s own increased by 1,329.6% over the second quarter.
After making an additional purchase of 179,500 shares during the period in question, Renaissance Technologies LLC now holds 193,000 shares of the real estate investment trust’s stock, valued at $5,732,000.
These shares were acquired due to the company’s decision to invest in the REIT.
The last piece of news, but certainly not the least important, is that during the first quarter, Vanguard Group INC increased the percentage of American Assets Trust holdings by 1.8%.
After making additional purchases of 146,474 shares throughout the quarter, Vanguard Group INC now has 8,328,425 shares of stock in the real estate investment trust in its possession.
The total value of the company’s market shares is currently $315,564,000.
At present, institutions own a total of 92.33% of the outstanding shares.
Shares of NYSE: AAT started the Wednesday trading day for $23.60 each.
The stock has a price-to-earnings ratio of 32.33, a price-to-earnings-to-growth ratio of 1.43, and a beta value of 1.13.
These ratios measure how expensive the stock is to its earnings.
The company currently has a market capitalization of $1.43 billion on Wednesday.
The stock has a price-to-earnings ratio of 32.33, a price-to-earnings-to-growth ratio of 1.43, and a beta value of 1.13.
These ratios measure how expensive the stock is to its earnings.
The company currently has a market capitalization of $1.43 billion.
A debt-to-equity ratio comes in at 1.40, a quick ratio at 2.19, and a current ratio at 2.19.
American Assets Trust, INC reached its 12-month high of $39.10 and its 12-month low of $23.23 during the period covered by this report.
The company’s moving average price over the past 200 days is $27.00, while its average price over the last 50 days is $26.74.
The results report for American Assets Trust (NYSE: AAT), a real estate investment trust (REIT), was made available on February 8.
The REIT reported $0.16 per share for the quarter, $0.29 less than the average $0.55 per share forecast.
Despite predictions made by analysts that the company would bring in $107.44 million in revenue during the quarter, the actual revenue was only $106.00 million.
The performance of American Assets Trust was extremely satisfying, as evidenced by its 10.29% net margin and its 3.63% return on equity. Compared to the previous year’s results for the same period, the company posted a profit of $0.54 per share.
The sell-side analysts anticipate that American Assets Trust, INC will generate $2.23 in earnings per share during the current fiscal year.
American Assets Trust, Inc provided these estimates.
In addition, the company has recently announced a quarterly dividend, which will be disbursed on March 23. Shareholders who are “recorded” as of March 9 will be eligible to receive a $0.33 dividend payment per share.
This is an increase from the previous quarterly dividend amount that American Assets Trust paid out, which was $0.32.
The distribution period for this payout started on March 8, and that date serves as the beginning of the period.
Because of this, the dividend yield is 5.59% per quarter, and the annual dividend payout is 1.32 dollars.
The payout ratio for American Assets Trust is currently calculated to be 175.34% as of right now.
