Bailard Inc. Takes $707,000 Position in American Assets Trust, Inc. (NYSE:AAT)

Bailard Inc. purchased a new stake in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 26,930 shares of the real estate investment trust's stock, valued at approximately $707,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Integrated Wealth Concepts LLC lifted its position in American Assets Trust by 2.3% during the third quarter. Integrated Wealth Concepts LLC now owns 17,076 shares of the real estate investment trust's stock valued at $456,000 after purchasing an additional 388 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of American Assets Trust by 3.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 15,504 shares of the real estate investment trust's stock valued at $414,000 after acquiring an additional 446 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in American Assets Trust by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,891 shares of the real estate investment trust's stock worth $50,000 after acquiring an additional 488 shares in the last quarter. Intech Investment Management LLC raised its stake in American Assets Trust by 5.1% during the 3rd quarter. Intech Investment Management LLC now owns 11,893 shares of the real estate investment trust's stock worth $318,000 after acquiring an additional 582 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in American Assets Trust by 6.1% during the fourth quarter. New York State Common Retirement Fund now owns 17,831 shares of the real estate investment trust's stock valued at $468,000 after purchasing an additional 1,019 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, Mizuho reduced their price objective on shares of American Assets Trust from $28.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th.

American Assets Trust Price Performance

Shares of American Assets Trust stock traded down $0.02 during trading hours on Friday, hitting $21.37. The company's stock had a trading volume of 313,029 shares, compared to its average volume of 252,815. The company has a market cap of $1.31 billion, a PE ratio of 24.01 and a beta of 1.30. The company has a debt-to-equity ratio of 1.80, a quick ratio of 8.17 and a current ratio of 8.17. The business has a 50 day moving average price of $23.66 and a two-hundred day moving average price of $25.91. American Assets Trust, Inc. has a 12-month low of $20.03 and a 12-month high of $29.15.

American Assets Trust (NYSE:AAT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.41. American Assets Trust had a return on equity of 4.98% and a net margin of 12.40%. Analysts expect that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.34 dividend. This is an increase from American Assets Trust's previous quarterly dividend of $0.34. This represents a $1.36 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date is Thursday, March 6th. American Assets Trust's payout ratio is currently 152.81%.

About American Assets Trust

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.