Segall Bryant & Hamill LLC Acquires New Stake in American Assets Trust, Inc. (NYSE:AAT)

Segall Bryant & Hamill LLC bought 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 Form 13F filing with the Securities & Exchange Commission. The firm bought 57,160 shares of the real estate investment trust's stock, valued at approximately $1,501,000. Segall Bryant & Hamill LLC owned approximately 0.09% of American Assets Trust as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Integrated Wealth Concepts LLC grew its position in American Assets Trust by 2.3% during the third quarter. Integrated Wealth Concepts LLC now owns 17,076 shares of the real estate investment trust's stock worth $456,000 after buying an additional 388 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of American Assets Trust by 3.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 15,504 shares of the real estate investment trust's stock worth $414,000 after purchasing an additional 446 shares in the last quarter. Intech Investment Management LLC increased its position in shares of American Assets Trust by 5.1% in the third quarter. Intech Investment Management LLC now owns 11,893 shares of the real estate investment trust's stock worth $318,000 after purchasing an additional 582 shares during the period. New York State Common Retirement Fund raised its stake in American Assets Trust by 6.1% in the fourth quarter. New York State Common Retirement Fund now owns 17,831 shares of the real estate investment trust's stock valued at $468,000 after purchasing an additional 1,019 shares in the last quarter. Finally, One Wealth Advisors LLC lifted its position in American Assets Trust by 7.9% during the fourth quarter. One Wealth Advisors LLC now owns 13,949 shares of the real estate investment trust's stock worth $366,000 after purchasing an additional 1,023 shares during the period. Institutional investors own 90.43% of the company's stock.

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American Assets Trust Price Performance

Shares of AAT traded up $0.03 during midday trading on Wednesday, hitting $20.10. The company's stock had a trading volume of 23,558 shares, compared to its average volume of 355,115. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 1.80. American Assets Trust, Inc. has a one year low of $19.56 and a one year high of $29.15. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 22.57 and a beta of 1.33. The company's fifty day simple moving average is $21.93 and its two-hundred day simple moving average is $25.14.

American Assets Trust (NYSE:AAT - Get Free Report) last released its quarterly earnings data 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 return on equity of 4.98% and a net margin of 12.40%. As a group, equities analysts expect 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 disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a $0.34 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.36 annualized dividend and a dividend yield of 6.77%. This is an increase from American Assets Trust's previous quarterly dividend of $0.34. American Assets Trust's dividend payout ratio is currently 152.81%.

Analyst Upgrades and Downgrades

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

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.