Van ECK Associates Corp Has $260,000 Position in American Assets Trust, Inc. (NYSE:AAT)

Van ECK Associates Corp lifted its position in shares of American Assets Trust, Inc. (NYSE:AAT) by 15.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,457 shares of the real estate investment trust’s stock after buying an additional 1,232 shares during the period. Van ECK Associates Corp’s holdings in American Assets Trust were worth $260,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of AAT. Texas Permanent School Fund Corp raised its holdings in American Assets Trust by 1.6% during the first quarter. Texas Permanent School Fund Corp now owns 42,636 shares of the real estate investment trust’s stock worth $934,000 after acquiring an additional 689 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in American Assets Trust by 4.4% during the first quarter. Illinois Municipal Retirement Fund now owns 29,091 shares of the real estate investment trust’s stock worth $637,000 after acquiring an additional 1,229 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in American Assets Trust by 30.4% during the first quarter. Russell Investments Group Ltd. now owns 42,957 shares of the real estate investment trust’s stock worth $941,000 after acquiring an additional 10,015 shares in the last quarter. ProShare Advisors LLC raised its holdings in American Assets Trust by 7.4% during the first quarter. ProShare Advisors LLC now owns 9,841 shares of the real estate investment trust’s stock worth $216,000 after acquiring an additional 681 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in American Assets Trust by 93.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 26,937 shares of the real estate investment trust’s stock worth $590,000 after acquiring an additional 13,000 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on AAT shares. Mizuho upped their target price on American Assets Trust from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Morgan Stanley upped their price objective on American Assets Trust from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th.

American Assets Trust Price Performance

NYSE:AAT opened at $27.35 on Thursday. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 30.05 and a beta of 1.29. The company has a quick ratio of 8.53, a current ratio of 8.53 and a debt-to-equity ratio of 1.86. American Assets Trust, Inc. has a 12-month low of $18.44 and a 12-month high of $28.96. The stock’s 50 day moving average price is $27.00 and its two-hundred day moving average price is $24.62.

American Assets Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.335 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 4.90%. American Assets Trust’s dividend payout ratio (DPR) is currently 147.25%.

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.