Resona Asset Management Co. Ltd. Makes New $489,000 Investment in American Assets Trust, Inc. (NYSE:AAT)

Resona Asset Management Co. Ltd. bought a new position in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,703 shares of the real estate investment trust's stock, valued at approximately $489,000.

Other hedge funds have also made changes to their positions in the company. Jane Street Group LLC grew its position in shares of American Assets Trust by 142.8% in the third quarter. Jane Street Group LLC now owns 90,078 shares of the real estate investment trust's stock valued at $2,407,000 after purchasing an additional 52,977 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of American Assets Trust by 14.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 584,529 shares of the real estate investment trust's stock worth $15,619,000 after acquiring an additional 72,579 shares during the period. Barclays PLC raised its position in American Assets Trust by 110.5% in the third quarter. Barclays PLC now owns 110,220 shares of the real estate investment trust's stock worth $2,946,000 after purchasing an additional 57,850 shares in the last quarter. Amundi raised its holdings in shares of American Assets Trust by 40.4% in the 4th quarter. Amundi now owns 50,464 shares of the real estate investment trust's stock worth $1,229,000 after buying an additional 14,527 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in American Assets Trust during the third quarter worth $217,000. Institutional investors and hedge funds own 90.43% of the company's stock.

American Assets Trust Trading Up 1.9 %

Shares of AAT stock traded up $0.35 on Wednesday, reaching $19.26. 27,069 shares of the stock were exchanged, compared to its average volume of 389,138. 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, Inc. has a one year low of $16.69 and a one year high of $29.15. The stock has a market cap of $1.18 billion, a PE ratio of 21.64 and a beta of 1.12. The stock has a 50 day moving average price of $20.61 and a 200 day moving average price of $24.45.

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 (EPS) 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%. Equities research analysts forecast that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal 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 dividend of $0.34 per share. This is a boost 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 dividend yield of 7.06%. American Assets Trust's payout ratio is presently 152.81%.

Analyst Ratings Changes

Separately, Mizuho cut their price objective on 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 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.