Arrowstreet Capital Limited Partnership Buys 55,762 Shares of American Assets Trust, Inc. (NYSE:AAT)

Arrowstreet Capital Limited Partnership raised its stake in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 8.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 728,386 shares of the real estate investment trust's stock after purchasing an additional 55,762 shares during the period. Arrowstreet Capital Limited Partnership owned 1.20% of American Assets Trust worth $19,127,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Loomis Sayles & Co. L P bought a new position in American Assets Trust in the 4th quarter worth about $44,000. Quarry LP grew its holdings in American Assets Trust by 131.3% in the 3rd quarter. Quarry LP now owns 2,163 shares of the real estate investment trust's stock worth $58,000 after buying an additional 1,228 shares in the last quarter. Smartleaf Asset Management LLC increased its position in American Assets Trust by 227.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,463 shares of the real estate investment trust's stock valued at $64,000 after acquiring an additional 1,711 shares during the period. KBC Group NV raised its stake in American Assets Trust by 56.5% during the 4th quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust's stock valued at $84,000 after acquiring an additional 1,161 shares in the last quarter. Finally, Vestcor Inc bought a new stake in American Assets Trust during the 3rd quarter valued at $103,000. Institutional investors and hedge funds own 90.43% of the company's stock.

American Assets Trust Trading Down 4.5 %

American Assets Trust stock traded down $0.82 during midday trading on Tuesday, reaching $17.27. The stock had a trading volume of 479,306 shares, compared to its average volume of 296,952. American Assets Trust, Inc. has a twelve month low of $17.15 and a twelve month high of $29.15. The company has a debt-to-equity ratio of 1.80, a current ratio of 8.17 and a quick ratio of 8.17. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 19.40 and a beta of 1.12. The firm's fifty day simple moving average is $21.23 and its two-hundred day simple moving average is $24.79.

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 the consensus estimate 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 anticipate that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 7.88%. This is an increase from American Assets Trust's previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, March 6th. American Assets Trust's payout ratio is currently 152.81%.

Analyst Upgrades and Downgrades

Separately, Mizuho dropped their price target on shares of American Assets Trust from $28.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th.

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.