Assenagon Asset Management S.A. Has $2.22 Million Position in American Assets Trust, Inc. (NYSE:AAT)

Assenagon Asset Management S.A. grew its stake in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 433.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 83,181 shares of the real estate investment trust's stock after acquiring an additional 67,589 shares during the period. Assenagon Asset Management S.A. owned about 0.14% of American Assets Trust worth $2,223,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AAT. Signaturefd LLC boosted its position in American Assets Trust by 130.3% during the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust's stock worth $42,000 after acquiring an additional 1,059 shares during the period. Blue Trust Inc. increased its stake in American Assets Trust by 516.3% in the 3rd quarter. Blue Trust Inc. now owns 5,775 shares of the real estate investment trust's stock valued at $154,000 after buying an additional 4,838 shares during the period. Inspire Advisors LLC purchased a new stake in American Assets Trust in the 3rd quarter worth approximately $229,000. ProShare Advisors LLC boosted its stake in shares of American Assets Trust by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 9,841 shares of the real estate investment trust's stock valued at $216,000 after buying an additional 681 shares during the period. Finally, Capital Square LLC acquired a new position in shares of American Assets Trust in the first quarter worth $219,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

American Assets Trust Stock Performance

AAT traded down $0.31 during midday trading on Friday, reaching $26.64. The company's stock had a trading volume of 156,405 shares, compared to its average volume of 279,834. The company has a current ratio of 8.53, a quick ratio of 3.03 and a debt-to-equity ratio of 1.86. The company has a fifty day simple moving average of $26.89 and a 200 day simple moving average of $24.19. The stock has a market cap of $1.62 billion, a P/E ratio of 29.27 and a beta of 1.30. American Assets Trust, Inc. has a twelve month low of $18.00 and a twelve month high of $28.44.

American Assets Trust (NYSE:AAT - Get Free Report) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.33). American Assets Trust had a return on equity of 5.08% and a net margin of 12.76%. The company had revenue of $110.89 million for the quarter, compared to the consensus estimate of $107.66 million. During the same period last year, the firm posted $0.59 EPS. Research analysts expect that American Assets Trust, Inc. will post 2.53 earnings per share for the current year.

American Assets Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date is Thursday, December 5th. American Assets Trust's dividend payout ratio is currently 147.25%.

Wall Street Analyst Weigh In

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

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.