American Assets Trust, Inc. (NYSE:AAT) Shares Acquired by Martingale Asset Management L P

Martingale Asset Management L P lifted its stake in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 22.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,263 shares of the real estate investment trust's stock after purchasing an additional 18,911 shares during the period. Martingale Asset Management L P owned 0.17% of American Assets Trust worth $2,738,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Loomis Sayles & Co. L P acquired a new stake in American Assets Trust in the fourth quarter valued at about $44,000. Smartleaf Asset Management LLC boosted its holdings in shares of American Assets Trust by 227.5% during 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 during the period. Federated Hermes Inc. boosted its stake in American Assets Trust by 62.7% in the 4th quarter. Federated Hermes Inc. now owns 2,827 shares of the real estate investment trust's stock worth $74,000 after purchasing an additional 1,089 shares during the period. KBC Group NV lifted its position 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 worth $84,000 after buying an additional 1,161 shares during the last quarter. Finally, Vestcor Inc bought a new stake in shares of American Assets Trust in the third quarter valued at about $103,000. Institutional investors and hedge funds own 90.43% of the company's stock.

American Assets Trust Stock Up 1.6 %

Shares of NYSE AAT traded up $0.31 during mid-day trading on Wednesday, reaching $19.22. The company had a trading volume of 45,206 shares, compared to its average volume of 301,608. The stock's 50 day moving average is $20.61 and its 200-day moving average is $24.45. The company has a debt-to-equity ratio of 1.80, a quick ratio of 8.17 and a current ratio of 8.17. American Assets Trust, Inc. has a twelve month low of $14.34 and a twelve month high of $29.15. The stock has a market capitalization of $1.18 billion, a PE ratio of 21.60 and a beta of 1.12.

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 earnings per share for the quarter, topping analysts' consensus estimates 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, equities 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 declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 7.08%. 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 payout ratio is currently 152.81%.

Wall Street Analysts Forecast Growth

Separately, Mizuho decreased their price objective on 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 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.