Wellington Management Group LLP Has $17.38 Million Holdings in American Assets Trust, Inc. (NYSE:AAT)

Wellington Management Group LLP grew its position in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 693.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 661,763 shares of the real estate investment trust's stock after acquiring an additional 578,386 shares during the period. Wellington Management Group LLP owned about 1.09% of American Assets Trust worth $17,378,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its stake in shares of American Assets Trust by 142.8% during the 3rd quarter. Jane Street Group LLC now owns 90,078 shares of the real estate investment trust's stock valued at $2,407,000 after buying an additional 52,977 shares during the period. JPMorgan Chase & Co. grew its holdings in American Assets Trust by 14.2% during the third quarter. JPMorgan Chase & Co. now owns 584,529 shares of the real estate investment trust's stock worth $15,619,000 after acquiring an additional 72,579 shares during the period. Barclays PLC lifted its stake in American Assets Trust by 110.5% during the third quarter. Barclays PLC now owns 110,220 shares of the real estate investment trust's stock valued at $2,946,000 after buying an additional 57,850 shares in the last quarter. Amundi raised its holdings in shares of American Assets Trust by 40.4% during the fourth quarter. Amundi now owns 50,464 shares of the real estate investment trust's stock worth $1,229,000 after acquiring an additional 14,527 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of American Assets Trust in the 3rd quarter valued at approximately $217,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

American Assets Trust Stock Performance

Shares of AAT traded up $0.30 on Monday, reaching $18.60. 7,650 shares of the stock traded hands, compared to its average volume of 383,009. American Assets Trust, Inc. has a 12 month low of $16.69 and a 12 month high of $29.15. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 20.90 and a beta of 1.12. The stock's 50-day moving average price is $20.76 and its 200-day moving average price is $24.55. The company has a debt-to-equity ratio of 1.80, a current ratio of 8.17 and a quick ratio of 8.17.

American Assets Trust (NYSE:AAT - Get Free Report) last released its 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 net margin of 12.40% and a return on equity of 4.98%. Equities analysts forecast that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a $0.34 dividend. This is a boost from American Assets Trust's previous quarterly dividend of $0.34. This represents a $1.36 annualized dividend and a yield of 7.31%. The ex-dividend date was Thursday, March 6th. American Assets Trust's payout ratio is currently 152.81%.

Analyst Ratings Changes

Separately, Mizuho decreased 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 report on Tuesday, February 25th.

American Assets Trust Company 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.