Texas Permanent School Fund Corp Has $1.07 Million Stake in American Assets Trust, Inc. (NYSE:AAT)

Texas Permanent School Fund Corp increased its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 12.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,773 shares of the real estate investment trust’s stock after acquiring an additional 5,137 shares during the quarter. Texas Permanent School Fund Corp owned about 0.08% of American Assets Trust worth $1,069,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Custom Index Systems LLC increased its holdings in shares of American Assets Trust by 4.5% in the second quarter. Custom Index Systems LLC now owns 10,697 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 463 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of American Assets Trust by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 9,841 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 681 shares during the period. Summit Global Investments grew its stake in American Assets Trust by 2.6% in the 2nd quarter. Summit Global Investments now owns 39,225 shares of the real estate investment trust’s stock valued at $878,000 after buying an additional 1,008 shares during the last quarter. Signaturefd LLC raised its holdings in American Assets Trust by 130.3% in the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 1,059 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its position 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 during the last quarter. Institutional investors own 90.43% of the company’s stock.

American Assets Trust Stock Down 1.6 %

AAT stock opened at $26.94 on Friday. American Assets Trust, Inc. has a fifty-two week low of $17.15 and a fifty-two week high of $27.79. The company has a debt-to-equity ratio of 1.48, a current ratio of 3.03 and a quick ratio of 3.03. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 30.27 and a beta of 1.30. The business’s fifty day moving average price is $25.69 and its two-hundred day moving average price is $22.98.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.33). The business had revenue of $110.89 million during 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 last year, the firm earned $0.59 EPS. On average, equities analysts anticipate that American Assets Trust, Inc. will post 2.41 earnings per share for the current year.

American Assets Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.