Vestcor Inc Purchases 40,541 Shares of American Assets Trust, Inc. (NYSE:AAT)

Vestcor Inc grew its stake in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 1,051.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 44,396 shares of the real estate investment trust's stock after purchasing an additional 40,541 shares during the period. Vestcor Inc owned about 0.07% of American Assets Trust worth $1,166,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAT. Connor Clark & Lunn Investment Management Ltd. increased its holdings in American Assets Trust by 25.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,039 shares of the real estate investment trust's stock worth $482,000 after purchasing an additional 3,607 shares in the last quarter. Intech Investment Management LLC increased its holdings in American Assets Trust by 5.1% during the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of American Assets Trust by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,474,684 shares of the real estate investment trust's stock worth $39,404,000 after buying an additional 35,688 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of American Assets Trust by 3.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 15,504 shares of the real estate investment trust's stock worth $414,000 after buying an additional 446 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of American Assets Trust by 26.6% in the 3rd quarter. FMR LLC now owns 196,590 shares of the real estate investment trust's stock worth $5,253,000 after buying an additional 41,284 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Remove Ads

American Assets Trust Stock Performance

American Assets Trust stock traded up $0.45 during trading on Wednesday, hitting $20.70. The stock had a trading volume of 595,635 shares, compared to its average volume of 344,020. American Assets Trust, Inc. has a 1 year low of $19.56 and a 1 year high of $29.15. 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's 50 day moving average is $22.77 and its two-hundred day moving average is $25.56. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 23.26 and a beta of 1.33.

American Assets Trust (NYSE:AAT - Get Free Report) last issued 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%. As a group, analysts predict 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 will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued 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 is Thursday, March 6th. This represents a $1.36 dividend on an annualized basis and a yield of 6.57%. American Assets Trust's payout ratio is presently 152.81%.

Analysts Set New Price Targets

Separately, Mizuho cut their target price on American Assets Trust from $28.00 to $22.00 and set a "neutral" rating on the stock in a research note 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.