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

Van ECK Associates Corp lifted its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 19.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,308 shares of the real estate investment trust’s stock after buying an additional 1,851 shares during the period. Van ECK Associates Corp’s holdings in American Assets Trust were worth $297,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AAT. abrdn plc lifted its position in American Assets Trust by 30.6% in the fourth quarter. abrdn plc now owns 12,498 shares of the real estate investment trust’s stock worth $325,000 after purchasing an additional 2,930 shares during the period. One Wealth Advisors LLC lifted its position in American Assets Trust by 7.9% in the fourth quarter. One Wealth Advisors LLC now owns 13,949 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 1,023 shares during the period. KBC Group NV lifted its position in American Assets Trust by 56.5% in the fourth quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 1,161 shares during the period. Blue Trust Inc. lifted its position in American Assets Trust by 61.6% in the fourth quarter. Blue Trust Inc. now owns 9,335 shares of the real estate investment trust’s stock worth $249,000 after purchasing an additional 3,560 shares during the period. Finally, Ritholtz Wealth Management lifted its position in American Assets Trust by 21.6% in the fourth quarter. Ritholtz Wealth Management now owns 97,281 shares of the real estate investment trust’s stock worth $2,555,000 after purchasing an additional 17,254 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

American Assets Trust Price Performance

Shares of NYSE:AAT opened at $21.84 on Monday. American Assets Trust, Inc. has a one year low of $20.03 and a one year high of $29.15. The stock has a fifty day moving average of $24.45 and a 200-day moving average of $26.12. The company has a market capitalization of $1.34 billion, a PE ratio of 24.54 and a beta of 1.30. 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 (NYSE:AAT) last announced its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.41. American Assets Trust had a return on equity of 4.98% and a net margin of 12.40%. As a group, equities analysts anticipate that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.34 per share. This is an increase from American Assets Trust’s previous quarterly dividend of $0.34. This represents a $1.36 annualized dividend and a yield of 6.23%. The ex-dividend date of this dividend is Thursday, March 6th. American Assets Trust’s payout ratio is 152.81%.

Insider Buying and Selling at American Assets Trust

In other American Assets Trust news, COO Adam Wyll sold 30,238 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $28.22, for a total transaction of $853,316.36. Following the sale, the chief operating officer now directly owns 45,595 shares of the company’s stock, valued at $1,286,690.90. The trade was a 39.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 37.32% of the company’s stock.

Analysts Set New Price Targets

AAT has been the subject of a number of research analyst reports. Mizuho upped their target price on American Assets Trust from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Morgan Stanley increased their price objective on American Assets Trust from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th.

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.