Intech Investment Management LLC Purchases 26,973 Shares of American Assets Trust, Inc. (NYSE:AAT)

Intech Investment Management LLC increased its holdings in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 226.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,866 shares of the real estate investment trust's stock after purchasing an additional 26,973 shares during the period. Intech Investment Management LLC owned approximately 0.06% of American Assets Trust worth $1,021,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP increased its position in shares of American Assets Trust by 131.3% during the third quarter. Quarry LP now owns 2,163 shares of the real estate investment trust's stock valued at $58,000 after purchasing an additional 1,228 shares during the period. Smartleaf Asset Management LLC lifted its position in American Assets Trust by 227.5% during 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 purchasing an additional 1,711 shares during the period. KBC Group NV increased its holdings in American Assets Trust by 56.5% in 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 during the last quarter. Vestcor Inc bought a new position in American Assets Trust during the third quarter worth about $103,000. Finally, Verition Fund Management LLC bought a new stake in American Assets Trust in the 3rd quarter valued at $217,000. Institutional investors and hedge funds own 90.43% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, Mizuho cut 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 note on Tuesday, February 25th.

American Assets Trust Trading Up 0.4 %

Shares of AAT stock traded up $0.08 on Wednesday, hitting $20.34. The company had a trading volume of 203,467 shares, compared to its average volume of 259,191. The stock's 50-day moving average is $22.39 and its two-hundred day moving average is $25.34. 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 firm has a market cap of $1.24 billion, a P/E ratio of 22.85 and a beta of 1.33. American Assets Trust, Inc. has a twelve month low of $19.56 and a twelve month high of $29.15.

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 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%. On average, equities research analysts anticipate that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date was Thursday, March 6th. This is a positive change from American Assets Trust's previous quarterly dividend of $0.34. American Assets Trust's dividend payout ratio (DPR) 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.