Westpac Banking Corp increased its stake in American Assets Trust, Inc (NYSE:AAT) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,100 shares of the real estate investment trust’s stock after acquiring an additional 2,500 shares during the period. Westpac Banking Corp owned approximately 0.16% of American Assets Trust worth $2,834,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisor Group Inc. grew its position in American Assets Trust by 19.7% in the second quarter. Advisor Group Inc. now owns 2,663 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 439 shares in the last quarter. Riverhead Capital Management LLC grew its position in American Assets Trust by 83.2% in the second quarter. Riverhead Capital Management LLC now owns 3,298 shares of the real estate investment trust’s stock worth $130,000 after acquiring an additional 1,498 shares in the last quarter. Perigon Wealth Management LLC grew its position in American Assets Trust by 55.0% in the second quarter. Perigon Wealth Management LLC now owns 3,875 shares of the real estate investment trust’s stock worth $153,000 after acquiring an additional 1,375 shares in the last quarter. Schroder Investment Management Group purchased a new position in American Assets Trust in the third quarter worth about $204,000. Finally, Pinebridge Investments L.P. grew its position in American Assets Trust by 2.5% in the second quarter. Pinebridge Investments L.P. now owns 5,462 shares of the real estate investment trust’s stock worth $216,000 after acquiring an additional 132 shares in the last quarter. Institutional investors own 98.09% of the company’s stock.

In other American Assets Trust news, CEO Ernest S. Rady bought 15,034 shares of the company’s stock in a transaction on Friday, December 8th. The stock was acquired at an average price of $38.47 per share, for a total transaction of $578,357.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernest S. Rady bought 26,230 shares of the company’s stock in a transaction on Monday, November 6th. The shares were acquired at an average price of $38.62 per share, with a total value of $1,013,002.60. The disclosure for this purchase can be found here. Insiders have acquired 267,939 shares of company stock valued at $10,441,454 in the last 90 days. Company insiders own 34.15% of the company’s stock.

AAT has been the subject of several recent research reports. Zacks Investment Research lowered American Assets Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. Bank of America lowered American Assets Trust from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a research report on Thursday, November 2nd. Finally, Mizuho reiterated a “hold” rating and issued a $40.00 price target on shares of American Assets Trust in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. American Assets Trust has a consensus rating of “Hold” and an average price target of $44.00.

American Assets Trust, Inc (AAT) opened at $36.30 on Tuesday. American Assets Trust, Inc has a 12-month low of $35.62 and a 12-month high of $44.83. The stock has a market capitalization of $1,706.97, a P/E ratio of 55.00, a price-to-earnings-growth ratio of 3.08 and a beta of 0.52. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.76 and a current ratio of 2.76.

American Assets Trust (NYSE:AAT) last announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.35). American Assets Trust had a net margin of 10.90% and a return on equity of 3.97%. equities research analysts forecast that American Assets Trust, Inc will post 2 EPS for the current fiscal year.

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American Assets Trust Profile

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires and develops retail, office, multifamily and mixed-use properties in Southern California, Northern California, Oregon, Washington, Texas and Hawaii markets.

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

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