Texas Permanent School Fund Corp Buys 5,137 Shares of American Assets Trust, Inc. (NYSE:AAT)

Texas Permanent School Fund Corp increased its position in shares of American Assets Trust, Inc. (NYSE:AAT) by 12.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,773 shares of the real estate investment trust’s stock after purchasing an additional 5,137 shares during the quarter. Texas Permanent School Fund Corp’s holdings in American Assets Trust were worth $1,069,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. acquired a new position in shares of American Assets Trust in the 4th quarter valued at approximately $219,000. Charles Schwab Investment Management Inc. increased its stake in American Assets Trust by 32.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,200,618 shares of the real estate investment trust’s stock valued at $27,026,000 after acquiring an additional 293,603 shares during the last quarter. BNP Paribas Financial Markets raised its position in American Assets Trust by 8.8% during the fourth quarter. BNP Paribas Financial Markets now owns 64,941 shares of the real estate investment trust’s stock valued at $1,462,000 after purchasing an additional 5,229 shares in the last quarter. Principal Financial Group Inc. lifted its stake in American Assets Trust by 0.5% during the fourth quarter. Principal Financial Group Inc. now owns 291,200 shares of the real estate investment trust’s stock worth $6,555,000 after purchasing an additional 1,562 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in American Assets Trust by 265.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,837 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 2,061 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

American Assets Trust Stock Down 1.6 %

Shares of NYSE AAT opened at $26.94 on Friday. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 30.27 and a beta of 1.30. 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, Inc. has a 12 month low of $17.15 and a 12 month high of $27.79. The stock has a 50-day moving average price of $25.69 and a two-hundred day moving average price of $22.98.

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

American Assets Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.335 per share. The ex-dividend date was Thursday, September 5th. This represents a $1.34 annualized dividend and a dividend yield of 4.97%. American Assets Trust’s dividend payout ratio (DPR) is presently 150.56%.

Analyst Upgrades and Downgrades

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

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.