Intech Investment Management LLC Takes Position in American Assets Trust, Inc. (NYSE:AAT)

Intech Investment Management LLC bought a new stake in American Assets Trust, Inc. (NYSE:AAT) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,311 shares of the real estate investment trust’s stock, valued at approximately $253,000.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC grew its position in shares of American Assets Trust by 1,140.3% in the first quarter. SG Americas Securities LLC now owns 175,550 shares of the real estate investment trust’s stock valued at $3,846,000 after purchasing an additional 161,396 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of American Assets Trust by 200.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 35,179 shares of the real estate investment trust’s stock valued at $763,000 after purchasing an additional 23,452 shares during the period. Janus Henderson Group PLC grew its position in shares of American Assets Trust by 633.0% in the first quarter. Janus Henderson Group PLC now owns 166,411 shares of the real estate investment trust’s stock valued at $3,644,000 after purchasing an additional 143,707 shares during the period. Boston Partners acquired a new stake in shares of American Assets Trust in the first quarter valued at about $807,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of American Assets Trust in the first quarter valued at about $1,776,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

American Assets Trust Stock Performance

AAT opened at $26.57 on Friday. The firm has a market capitalization of $1.62 billion, a PE ratio of 29.85 and a beta of 1.30. American Assets Trust, Inc. has a twelve month low of $17.15 and a twelve month high of $27.79. The firm’s 50-day moving average price is $26.02 and its 200 day moving average price is $23.23. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 1.48.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.33). The business had revenue of $110.89 million for the quarter, compared to analyst estimates of $107.66 million. American Assets Trust had a return on equity of 4.62% and a net margin of 12.00%. During the same quarter in the previous year, the firm posted $0.59 earnings per share. As a group, sell-side analysts expect that American Assets Trust, Inc. will post 2.41 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were given a dividend of $0.335 per share. The ex-dividend date was Thursday, September 5th. This represents a $1.34 dividend on an annualized basis and a yield of 5.04%. American Assets Trust’s payout ratio is presently 150.56%.

Analyst Ratings Changes

Separately, Mizuho lifted their target price on shares of American Assets Trust from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, August 19th.

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.