Campbell & CO Investment Adviser LLC Sells 6,074 Shares of American Assets Trust, Inc. (NYSE:AAT)
by Danessa Lincoln · The Markets Daily
Campbell & CO Investment Adviser LLC lessened its stake in shares of American Assets Trust, Inc. (NYSE:AAT – Free Report) by 33.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,962 shares of the real estate investment trust’s stock after selling 6,074 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in American Assets Trust were worth $230,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Franklin Resources Inc. bought a new stake in American Assets Trust during the second quarter worth about $1,535,000. Geode Capital Management LLC raised its holdings in American Assets Trust by 2.2% during the second quarter. Geode Capital Management LLC now owns 1,130,507 shares of the real estate investment trust’s stock worth $21,706,000 after acquiring an additional 24,838 shares in the last quarter. Sei Investments Co. raised its holdings in American Assets Trust by 50.0% during the second quarter. Sei Investments Co. now owns 45,659 shares of the real estate investment trust’s stock worth $877,000 after acquiring an additional 15,221 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in American Assets Trust by 544.5% during the second quarter. PNC Financial Services Group Inc. now owns 6,838 shares of the real estate investment trust’s stock worth $131,000 after acquiring an additional 5,777 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in American Assets Trust by 11.9% during the second quarter. Northern Trust Corp now owns 752,945 shares of the real estate investment trust’s stock worth $14,457,000 after acquiring an additional 80,269 shares in the last quarter. Institutional investors own 89.44% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. StockNews.com assumed coverage on American Assets Trust in a report on Thursday, October 5th. They set a “hold” rating on the stock. Mizuho dropped their target price on American Assets Trust from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday.
Check Out Our Latest Stock Report on American Assets Trust
American Assets Trust Price Performance
Shares of NYSE AAT opened at $21.35 on Tuesday. The business’s 50 day moving average price is $18.82 and its two-hundred day moving average price is $19.90. The company has a market cap of $1.30 billion, a PE ratio of 25.72 and a beta of 1.20. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 1.45. American Assets Trust, Inc. has a twelve month low of $16.04 and a twelve month high of $29.73.
American Assets Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date of this dividend is Wednesday, December 6th. American Assets Trust’s dividend payout ratio (DPR) is presently 159.04%.
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.
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