26,930 Shares in American Assets Trust, Inc. (NYSE:AAT) Purchased by Bailard Inc.

Bailard Inc. acquired a new position in shares of American Assets Trust, Inc. (NYSE:AAT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 26,930 shares of the real estate investment trust’s stock, valued at approximately $707,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AAT. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of American Assets Trust by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,891 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 488 shares during the last quarter. Quarry LP lifted its stake in shares of American Assets Trust by 131.3% in the 3rd quarter. Quarry LP now owns 2,163 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 1,228 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of American Assets Trust by 227.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,463 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 1,711 shares during the last quarter. KBC Group NV lifted its stake in shares of American Assets Trust by 56.5% in the 4th quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 1,161 shares during the last quarter. Finally, Vestcor Inc acquired a new position in shares of American Assets Trust in the 3rd quarter valued at $103,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Mizuho decreased their price objective on shares of American Assets Trust from $28.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th.

American Assets Trust Stock Performance

Shares of American Assets Trust stock opened at $22.21 on Tuesday. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 24.96 and a beta of 1.30. The company has a debt-to-equity ratio of 1.80, a current ratio of 8.17 and a quick ratio of 8.17. The business has a 50-day moving average of $24.01 and a 200 day moving average of $26.02. American Assets Trust, Inc. has a 12 month low of $20.03 and a 12 month high of $29.15.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.55 EPS for the quarter, beating the consensus estimate 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, sell-side analysts forecast that American Assets Trust, Inc. will post 1.94 earnings per share for the current year.

American Assets Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.34 dividend. This is a boost from American Assets Trust’s previous quarterly dividend of $0.34. This represents a $1.36 annualized dividend and a dividend yield of 6.12%. The ex-dividend date of this dividend is Thursday, March 6th. American Assets Trust’s dividend payout ratio (DPR) is presently 152.81%.

About American Assets Trust

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.