American Assets Trust, Inc. (NYSE:AAT) Shares Acquired by Prudential Financial Inc.

Prudential Financial Inc. raised its position in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 14.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 104,009 shares of the real estate investment trust's stock after purchasing an additional 12,838 shares during the period. Prudential Financial Inc. owned 0.17% of American Assets Trust worth $2,808,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AAT. Quarry LP raised its position in shares of American Assets Trust by 131.3% in the third quarter. Quarry LP now owns 2,163 shares of the real estate investment trust's stock valued at $58,000 after buying an additional 1,228 shares during the last quarter. Smartleaf Asset Management LLC grew its stake 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 acquiring an additional 1,711 shares in the last quarter. KBC Group NV raised its holdings in American Assets Trust by 56.5% in the 4th quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust's stock valued at $84,000 after acquiring an additional 1,161 shares during the last quarter. Vestcor Inc acquired a new stake in American Assets Trust in the 3rd quarter valued at about $103,000. Finally, Verition Fund Management LLC purchased a new position in American Assets Trust in the 3rd quarter worth approximately $217,000. Hedge funds and other institutional investors own 90.43% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Mizuho cut their price target on American Assets Trust from $28.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th.

American Assets Trust Trading Down 3.8 %

Shares of AAT stock traded down $0.71 on Monday, hitting $18.03. 650,087 shares of the stock traded hands, compared to its average volume of 295,876. American Assets Trust, Inc. has a twelve month low of $17.57 and a twelve month high of $29.15. The stock has a market capitalization of $1.10 billion, a PE ratio of 20.25 and a beta of 1.12. The firm's 50-day moving average price is $21.51 and its two-hundred day moving average price is $24.91. 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 (NYSE:AAT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.41. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. As a group, 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. Shareholders of record on Thursday, March 6th were given a $0.34 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.36 dividend on an annualized basis and a yield of 7.55%. This is an increase from American Assets Trust's previous quarterly dividend of $0.34. American Assets Trust's payout ratio is currently 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.