Monashee Investment Management LLC acquired a new position in American Assets Trust, Inc (NYSE:AAT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 200,000 shares of the real estate investment trust’s stock, valued at approximately $9,424,000. American Assets Trust comprises approximately 2.4% of Monashee Investment Management LLC’s holdings, making the stock its 9th biggest position.
Other institutional investors have also recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of American Assets Trust in the second quarter worth $25,000. Quantamental Technologies LLC acquired a new stake in shares of American Assets Trust in the first quarter worth $27,000. Marshall Wace North America L.P. lifted its stake in shares of American Assets Trust by 32.9% in the first quarter. Marshall Wace North America L.P. now owns 1,211 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 300 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of American Assets Trust by 757.9% in the first quarter. Quadrant Capital Group LLC now owns 1,570 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 1,387 shares during the last quarter. Finally, Hillsdale Investment Management Inc. bought a new position in American Assets Trust during the second quarter worth $99,000. Institutional investors and hedge funds own 85.83% of the company’s stock.
A number of equities analysts recently issued reports on the stock. TheStreet raised shares of American Assets Trust from a “c” rating to a “b-” rating in a research report on Wednesday, May 1st. Morgan Stanley set a $51.00 target price on shares of American Assets Trust and gave the stock a “buy” rating in a research report on Wednesday, June 19th. ValuEngine lowered shares of American Assets Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research raised shares of American Assets Trust from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Tuesday, July 23rd. Finally, JMP Securities raised shares of American Assets Trust from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 30th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $50.00.
American Assets Trust (NYSE:AAT) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.34). American Assets Trust had a return on equity of 3.99% and a net margin of 11.08%. The company had revenue of $84.11 million for the quarter, compared to the consensus estimate of $80.72 million. As a group, research analysts expect that American Assets Trust, Inc will post 2.23 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Wednesday, September 11th. American Assets Trust’s dividend payout ratio (DPR) is currently 53.59%.
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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