American Assets Trust, Inc. (NYSE:AAT) Holdings Raised by Van ECK Associates Corp

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

Several other hedge funds have also modified their holdings of the stock. Signaturefd LLC raised its position in American Assets Trust by 130.3% during the second quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 1,059 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of American Assets Trust by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,891 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 488 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of American Assets Trust by 516.3% during the 3rd quarter. Blue Trust Inc. now owns 5,775 shares of the real estate investment trust’s stock worth $154,000 after purchasing an additional 4,838 shares in the last quarter. Inspire Advisors LLC acquired a new stake in American Assets Trust in the 3rd quarter valued at $229,000. Finally, abrdn plc acquired a new stake in American Assets Trust in the 3rd quarter valued at $256,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

American Assets Trust Trading Down 0.3 %

NYSE AAT opened at $27.35 on Thursday. American Assets Trust, Inc. has a 12 month low of $18.44 and a 12 month high of $28.96. The company has a current ratio of 8.53, a quick ratio of 8.53 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $1.67 billion, a PE ratio of 30.05 and a beta of 1.29. The stock has a 50-day simple moving average of $27.00 and a 200 day simple moving average of $24.62.

American Assets Trust Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Mizuho boosted their target price on American Assets Trust from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Morgan Stanley boosted their target price on American Assets Trust from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th.

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.