Martingale Asset Management L P Raises Stock Holdings in American Assets Trust, Inc. (NYSE:AAT)

Martingale Asset Management L P boosted its holdings in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 37.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,352 shares of the real estate investment trust's stock after acquiring an additional 23,112 shares during the quarter. Martingale Asset Management L P owned 0.14% of American Assets Trust worth $2,281,000 at the end of the most recent quarter.

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

American Assets Trust Stock Performance

Shares of American Assets Trust stock traded down $0.17 during trading hours on Friday, reaching $28.44. 183,949 shares of the stock traded hands, compared to its average volume of 202,877. American Assets Trust, Inc. has a one year low of $19.63 and a one year high of $29.15. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 31.25 and a beta of 1.29. The company has a quick ratio of 8.53, a current ratio of 8.53 and a debt-to-equity ratio of 1.86. The company has a 50 day moving average price of $27.35 and a 200 day moving average price of $25.13.

American Assets Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.335 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.34 annualized dividend and a yield of 4.71%. American Assets Trust's dividend payout ratio (DPR) is 147.25%.

Analyst Ratings Changes

A number of brokerages recently weighed in on AAT. Morgan Stanley increased their price objective on shares of American Assets Trust from $23.00 to $24.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Mizuho increased their price target on American Assets Trust from $22.00 to $26.00 and gave the company a "neutral" rating in a report on Monday, August 19th.

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.