Illinois Municipal Retirement Fund Cuts Stock Position in American Assets Trust, Inc. (NYSE:AAT)

Illinois Municipal Retirement Fund cut its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,214 shares of the real estate investment trust’s stock after selling 708 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in American Assets Trust were worth $688,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AAT. Charles Schwab Investment Management Inc. lifted 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 acquiring an additional 35,688 shares during the period. Geode Capital Management LLC raised its holdings in American Assets Trust by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,267,222 shares of the real estate investment trust’s stock worth $33,866,000 after purchasing an additional 15,491 shares in the last quarter. JPMorgan Chase & Co. lifted its position in American Assets Trust by 14.2% in 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 purchasing an additional 72,579 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in American Assets Trust by 292.7% in 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. Finally, Principal Financial Group Inc. increased its position in American Assets Trust by 3.7% during the 4th quarter. Principal Financial Group Inc. now owns 253,298 shares of the real estate investment trust’s stock worth $6,652,000 after purchasing an additional 8,969 shares during the period. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Mizuho reduced their price target on American Assets Trust from $28.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th.

American Assets Trust Price Performance

Shares of NYSE AAT opened at $22.21 on Tuesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 8.17 and a current ratio of 8.17. American Assets Trust, Inc. has a one year low of $20.03 and a one year high of $29.15. The firm has a market capitalization of $1.36 billion, a P/E ratio of 24.96 and a beta of 1.30. The company’s fifty day moving average is $24.01 and its two-hundred day moving average is $26.02.

American Assets Trust (NYSE:AAT) last released its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.55 EPS for the quarter, topping 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%. Analysts forecast that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.34 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.12%. This is a boost from American Assets Trust’s previous quarterly dividend of $0.34. American Assets Trust’s dividend payout ratio is currently 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.