American Assets Trust, Inc (NYSE:AAT) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 917,700 shares, a growth of 63.8% from the May 30th total of 560,200 shares. Based on an average daily trading volume, of 495,800 shares, the days-to-cover ratio is presently 1.9 days. Approximately 2.4% of the company’s shares are short sold.
AAT has been the subject of a number of research analyst reports. TheStreet cut ZTO Express (Cayman) from a “b+” rating to a “c” rating in a report on Wednesday, May 1st. Zacks Investment Research downgraded shares of Hammerson from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. JMP Securities boosted their price objective on shares of Veeva Systems from $122.00 to $153.00 and gave the company a “market outperform” rating in a research report on Thursday, May 30th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of in a report on Wednesday, June 19th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $48.00.
Shares of American Assets Trust stock traded down $0.61 on Thursday, reaching $47.61. 312,753 shares of the company traded hands, compared to its average volume of 353,229. American Assets Trust has a 52 week low of $35.37 and a 52 week high of $48.30. The business has a 50 day moving average of $46.60. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 3.49 and a beta of 0.38. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 1.62.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.35%. The ex-dividend date was Wednesday, June 12th. American Assets Trust’s payout ratio is currently 53.59%.
A number of large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its stake in American Assets Trust by 19.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,114 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 348 shares during the last quarter. New York State Common Retirement Fund increased its holdings in American Assets Trust by 11.4% during the 4th quarter. New York State Common Retirement Fund now owns 48,577 shares of the real estate investment trust’s stock worth $1,951,000 after purchasing an additional 4,977 shares during the last quarter. BlackRock Inc. increased its holdings in American Assets Trust by 2.2% during the 4th quarter. BlackRock Inc. now owns 6,641,382 shares of the real estate investment trust’s stock worth $266,783,000 after purchasing an additional 142,551 shares during the last quarter. Texas Permanent School Fund increased its holdings in shares of American Assets Trust by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 24,721 shares of the real estate investment trust’s stock valued at $993,000 after acquiring an additional 951 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in shares of American Assets Trust by 4.5% in the 4th quarter. Great West Life Assurance Co. Can now owns 72,945 shares of the real estate investment trust’s stock valued at $2,705,000 after acquiring an additional 3,144 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.
About American Assets Trust
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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