American Assets Trust, Inc. (NYSE:AAT) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,474,684 shares of the real estate investment trust's stock after purchasing an additional 35,688 shares during the period. Charles Schwab Investment Management Inc. owned 2.42% of American Assets Trust worth $39,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC grew its stake in American Assets Trust by 130.3% in the second quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 1,059 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of American Assets Trust by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,891 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 488 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of American Assets Trust by 516.3% during the 3rd quarter. Blue Trust Inc. now owns 5,775 shares of the real estate investment trust's stock valued at $154,000 after purchasing an additional 4,838 shares during the last quarter. NJ State Employees Deferred Compensation Plan purchased a new stake in shares of American Assets Trust during the 3rd quarter valued at $211,000. Finally, QRG Capital Management Inc. purchased a new position in American Assets Trust in the 3rd quarter worth $228,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Morgan Stanley increased their price target on American Assets Trust from $23.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Mizuho raised their target price on shares of American Assets Trust from $22.00 to $26.00 and gave the stock a "neutral" rating in a research note on Monday, August 19th.

American Assets Trust Trading Down 0.6 %

Shares of AAT stock traded down $0.17 during trading on Tuesday, hitting $28.22. 230,886 shares of the stock traded hands, compared to its average volume of 206,339. The firm has a market capitalization of $1.72 billion, a P/E ratio of 31.01 and a beta of 1.30. The company has a debt-to-equity ratio of 1.86, a current ratio of 8.53 and a quick ratio of 8.53. The firm's fifty day moving average price is $27.38 and its 200-day moving average price is $25.19. American Assets Trust, Inc. has a 52-week low of $20.03 and a 52-week high of $29.15.

American Assets Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend is Thursday, December 5th. American Assets Trust's payout ratio is 147.25%.

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.