American Assets Trust, Inc. (NYSE:AAT) Stake Lessened by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its holdings in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 36.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,118 shares of the real estate investment trust's stock after selling 18,022 shares during the period. Teacher Retirement System of Texas owned about 0.05% of American Assets Trust worth $817,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Intech Investment Management LLC grew its position in shares of American Assets Trust by 226.8% in the 4th quarter. Intech Investment Management LLC now owns 38,866 shares of the real estate investment trust's stock worth $1,021,000 after acquiring an additional 26,973 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in American Assets Trust by 187.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 107,116 shares of the real estate investment trust's stock valued at $2,813,000 after purchasing an additional 69,812 shares during the period. Vestcor Inc boosted its position in American Assets Trust by 1,051.6% during the 4th quarter. Vestcor Inc now owns 44,396 shares of the real estate investment trust's stock valued at $1,166,000 after purchasing an additional 40,541 shares during the period. Amundi increased its position in American Assets Trust by 40.4% in the fourth quarter. Amundi now owns 50,464 shares of the real estate investment trust's stock worth $1,229,000 after buying an additional 14,527 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in American Assets Trust in the fourth quarter valued at $1,703,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

American Assets Trust Stock Performance

Shares of AAT traded up $0.38 during mid-day trading on Wednesday, reaching $20.45. 211,288 shares of the company's stock traded hands, compared to its average volume of 288,322. 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's 50-day moving average price is $21.85 and its 200-day moving average price is $25.10. The stock has a market capitalization of $1.25 billion, a P/E ratio of 22.98 and a beta of 1.33. American Assets Trust, Inc. has a 12 month low of $19.56 and a 12 month high of $29.15.

American Assets Trust (NYSE:AAT - Get Free Report) last posted its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 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%. Equities analysts predict 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 disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a dividend of $0.34 per share. This is a boost from American Assets Trust's previous quarterly dividend of $0.34. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.65%. The ex-dividend date of this dividend was Thursday, March 6th. American Assets Trust's payout ratio is currently 152.81%.

American Assets Trust 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.