Thrivent Financial for Lutherans Acquires 69,812 Shares of American Assets Trust, Inc. (NYSE:AAT)

Thrivent Financial for Lutherans lifted its holdings in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 187.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,116 shares of the real estate investment trust's stock after buying an additional 69,812 shares during the period. Thrivent Financial for Lutherans owned approximately 0.18% of American Assets Trust worth $2,813,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in American Assets Trust by 292.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 411,809 shares of the real estate investment trust's stock valued at $11,004,000 after purchasing an additional 306,946 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in American Assets Trust by 14.2% during the third quarter. JPMorgan Chase & Co. now owns 584,529 shares of the real estate investment trust's stock valued at $15,619,000 after buying an additional 72,579 shares in the last quarter. Raymond James Financial Inc. acquired a new position in American Assets Trust during the fourth quarter worth about $1,703,000. 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 acquiring an additional 57,850 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in American Assets Trust by 142.8% in the 3rd quarter. Jane Street Group LLC now owns 90,078 shares of the real estate investment trust's stock valued at $2,407,000 after acquiring an additional 52,977 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Separately, Mizuho dropped 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 Trading Up 0.4 %

Shares of NYSE AAT traded up $0.09 during mid-day trading on Monday, hitting $20.13. 345,675 shares of the company traded hands, compared to its average volume of 288,819. American Assets Trust, Inc. has a 1 year low of $19.56 and a 1 year high of $29.15. The business has a 50 day moving average of $22.03 and a two-hundred day moving average of $25.18. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 22.62 and a beta of 1.33.

American Assets Trust (NYSE:AAT - Get Free Report) last announced its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 earnings per share (EPS) 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%. On average, sell-side analysts anticipate 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. Stockholders of record on Thursday, March 6th were paid a dividend of $0.34 per share. The ex-dividend date was Thursday, March 6th. This is an increase from American Assets Trust's previous quarterly dividend of $0.34. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.76%. American Assets Trust's dividend payout ratio (DPR) is 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.