Norges Bank Acquires Shares of 228,873 American Assets Trust, Inc. (NYSE:AAT)

Norges Bank purchased a new position in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 228,873 shares of the real estate investment trust's stock, valued at approximately $6,010,000. Norges Bank owned 0.38% of American Assets Trust as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P bought a new position in American Assets Trust in the 4th quarter worth approximately $44,000. JPMorgan Chase & Co. increased its stake in shares of American Assets Trust by 11.6% in the 4th quarter. JPMorgan Chase & Co. now owns 652,216 shares of the real estate investment trust's stock valued at $17,127,000 after buying an additional 67,687 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of American Assets Trust during the fourth quarter worth $241,000. Segall Bryant & Hamill LLC bought a new stake in shares of American Assets Trust during the fourth quarter worth $1,501,000. Finally, Prudential Financial Inc. lifted its stake in shares of American Assets Trust by 14.1% during the fourth quarter. Prudential Financial Inc. now owns 104,009 shares of the real estate investment trust's stock valued at $2,808,000 after acquiring an additional 12,838 shares during the period. Institutional investors own 90.43% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Mizuho dropped their target price 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 Up 0.2 %

Shares of AAT traded up $0.05 during midday trading on Tuesday, hitting $18.88. The stock had a trading volume of 20,073 shares, compared to its average volume of 383,416. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 21.22 and a beta of 1.12. The company has a 50 day simple moving average of $20.69 and a two-hundred day simple moving average of $24.49. American Assets Trust, Inc. has a twelve month low of $16.69 and a twelve month high of $29.15. The company has a debt-to-equity ratio of 1.80, a current ratio of 8.17 and a quick ratio of 8.17.

American Assets Trust (NYSE:AAT - Get Free Report) last released its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, beating 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, analysts anticipate that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, March 6th. This is a positive change 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 7.21%. American Assets Trust's payout ratio is presently 152.81%.

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.