JPMorgan Chase & Co. Increases Stake in American Assets Trust, Inc. (NYSE:AAT)

JPMorgan Chase & Co. raised its holdings in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 11.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 652,216 shares of the real estate investment trust's stock after purchasing an additional 67,687 shares during the period. JPMorgan Chase & Co. owned 1.07% of American Assets Trust worth $17,127,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. New York State Common Retirement Fund raised its stake in American Assets Trust by 6.1% in the fourth quarter. New York State Common Retirement Fund now owns 17,831 shares of the real estate investment trust's stock worth $468,000 after buying an additional 1,019 shares in the last quarter. One Wealth Advisors LLC lifted its stake in shares of American Assets Trust by 7.9% during the 4th quarter. One Wealth Advisors LLC now owns 13,949 shares of the real estate investment trust's stock worth $366,000 after purchasing an additional 1,023 shares during the last quarter. KBC Group NV boosted its position in American Assets Trust by 56.5% during the fourth quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust's stock valued at $84,000 after purchasing an additional 1,161 shares in the last quarter. Tidal Investments LLC grew its stake in American Assets Trust by 4.3% in the third quarter. Tidal Investments LLC now owns 32,393 shares of the real estate investment trust's stock valued at $866,000 after purchasing an additional 1,341 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in American Assets Trust by 227.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,463 shares of the real estate investment trust's stock worth $64,000 after purchasing an additional 1,711 shares in the last quarter. Institutional investors own 90.43% of the company's stock.

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Analyst Upgrades and Downgrades

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

American Assets Trust Stock Up 0.2 %

Shares of AAT traded up $0.04 during midday trading on Tuesday, hitting $18.87. 675,220 shares of the company's stock traded hands, compared to its average volume of 302,217. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 21.20 and a beta of 1.12. American Assets Trust, Inc. has a 1 year low of $16.69 and a 1 year high of $29.15. The firm's fifty day moving average is $20.69 and its 200-day moving average is $24.49.

American Assets Trust (NYSE:AAT - Get Free Report) last announced its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.41. American Assets Trust had a return on equity of 4.98% and a net margin of 12.40%. As a group, sell-side analysts anticipate that American Assets Trust, Inc. will post 1.94 earnings per share for the current year.

American Assets Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 7.21%. The ex-dividend date of this dividend was Thursday, March 6th. This is an increase from American Assets Trust's previous quarterly dividend of $0.34. 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.