Raymond James Financial Inc. Takes Position in American Assets Trust, Inc. (NYSE:AAT)

Raymond James Financial Inc. acquired a new position in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 64,841 shares of the real estate investment trust's stock, valued at approximately $1,703,000. Raymond James Financial Inc. owned approximately 0.11% of American Assets Trust as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in American Assets Trust by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,483,021 shares of the real estate investment trust's stock worth $38,944,000 after acquiring an additional 8,337 shares in the last quarter. Bailard Inc. acquired a new position in shares of American Assets Trust during the fourth quarter worth $707,000. Smartleaf Asset Management LLC increased its holdings in American Assets Trust by 227.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,463 shares of the real estate investment trust's stock valued at $64,000 after buying an additional 1,711 shares during the last quarter. Handelsbanken Fonder AB raised its stake in American Assets Trust by 17.5% in the fourth quarter. Handelsbanken Fonder AB now owns 14,802 shares of the real estate investment trust's stock valued at $389,000 after buying an additional 2,200 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in American Assets Trust by 6.1% during the 4th quarter. New York State Common Retirement Fund now owns 17,831 shares of the real estate investment trust's stock worth $468,000 after buying an additional 1,019 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

American Assets Trust Stock Down 3.5 %

Shares of NYSE:AAT traded down $0.67 during trading on Friday, hitting $18.70. 1,154,021 shares of the company were exchanged, compared to its average volume of 293,943. The firm's 50 day moving average price is $21.64 and its 200-day moving average price is $24.99. American Assets Trust, Inc. has a 12-month low of $18.49 and a 12-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. The stock has a market capitalization of $1.14 billion, a P/E ratio of 21.01 and a beta of 1.33.

American Assets Trust (NYSE:AAT - Get Free Report) last announced its quarterly 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, research analysts predict that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a dividend of $0.34 per share. This is a positive change from American Assets Trust's previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.36 annualized dividend and a yield of 7.27%. American Assets Trust's payout ratio is 152.81%.

Analyst Ratings Changes

Separately, Mizuho dropped 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.

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.