Inspire Investing LLC Cuts Stock Holdings in American Assets Trust, Inc. (NYSE:AAT)

Inspire Investing LLC lowered its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 17,279 shares of the real estate investment trust’s stock after selling 701 shares during the quarter. Inspire Investing LLC’s holdings in American Assets Trust were worth $462,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Daiwa Securities Group Inc. boosted its stake in shares of American Assets Trust by 41.0% during the first quarter. Daiwa Securities Group Inc. now owns 21,818 shares of the real estate investment trust’s stock valued at $478,000 after purchasing an additional 6,347 shares in the last quarter. Texas Permanent School Fund Corp raised its position in American Assets Trust by 1.6% during the first quarter. Texas Permanent School Fund Corp now owns 42,636 shares of the real estate investment trust’s stock worth $934,000 after acquiring an additional 689 shares during the period. LSV Asset Management raised its position in shares of American Assets Trust by 0.3% during the 1st quarter. LSV Asset Management now owns 2,087,730 shares of the real estate investment trust’s stock worth $45,742,000 after purchasing an additional 6,061 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of American Assets Trust by 1,140.3% in the first quarter. SG Americas Securities LLC now owns 175,550 shares of the real estate investment trust’s stock valued at $3,846,000 after acquiring an additional 161,396 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its holdings in American Assets Trust by 4.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 29,091 shares of the real estate investment trust’s stock valued at $637,000 after purchasing an additional 1,229 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Mizuho upped their price objective on shares of American Assets Trust from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, August 19th.

American Assets Trust Trading Up 2.1 %

Shares of AAT stock opened at $27.19 on Tuesday. The company has a 50-day moving average of $26.30 and a two-hundred day moving average of $23.64. The firm has a market cap of $1.66 billion, a PE ratio of 30.55 and a beta of 1.30. American Assets Trust, Inc. has a 1-year low of $17.15 and a 1-year high of $27.79. The company has a debt-to-equity ratio of 1.48, a current ratio of 3.03 and a quick ratio of 3.03.

American Assets Trust (NYSE:AAT) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.33). The business had revenue of $110.89 million for the quarter, compared to analysts’ expectations of $107.66 million. American Assets Trust had a return on equity of 4.62% and a net margin of 12.00%. During the same period in the previous year, the company earned $0.59 earnings per share. On average, analysts predict that American Assets Trust, Inc. will post 2.32 EPS for the current year.

American Assets Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a $0.335 dividend. The ex-dividend date was Thursday, September 5th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 4.93%. American Assets Trust’s payout ratio is 150.56%.

American Assets Trust Profile

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.