Smartleaf Asset Management LLC Raises Holdings in American Assets Trust, Inc. (NYSE:AAT)

Smartleaf Asset Management LLC boosted its position in shares of American Assets Trust, Inc. (NYSE:AAT) by 227.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,463 shares of the real estate investment trust’s stock after buying an additional 1,711 shares during the period. Smartleaf Asset Management LLC’s holdings in American Assets Trust were worth $64,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AAT. Handelsbanken Fonder AB increased its holdings in shares of American Assets Trust by 17.5% in the 4th quarter. Handelsbanken Fonder AB now owns 14,802 shares of the real estate investment trust’s stock valued at $389,000 after acquiring an additional 2,200 shares during the period. New York State Common Retirement Fund increased its stake in American Assets Trust by 6.1% in the fourth quarter. New York State Common Retirement Fund now owns 17,831 shares of the real estate investment trust’s stock valued at $468,000 after purchasing an additional 1,019 shares during the period. Principal Financial Group Inc. raised its holdings in shares of American Assets Trust by 3.7% in the fourth quarter. Principal Financial Group Inc. now owns 253,298 shares of the real estate investment trust’s stock valued at $6,652,000 after buying an additional 8,969 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of American Assets Trust by 4.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 70,968 shares of the real estate investment trust’s stock worth $1,854,000 after buying an additional 3,189 shares during the period. Finally, Van ECK Associates Corp grew its holdings in shares of American Assets Trust by 19.6% during the fourth quarter. Van ECK Associates Corp now owns 11,308 shares of the real estate investment trust’s stock worth $297,000 after buying an additional 1,851 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

American Assets Trust Trading Down 0.1 %

Shares of American Assets Trust stock opened at $21.37 on Monday. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 1.80. The company’s 50-day simple moving average is $23.56 and its 200-day simple moving average is $25.88. American Assets Trust, Inc. has a 52-week low of $20.03 and a 52-week high of $29.15. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 24.01 and a beta of 1.33.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 earnings per share 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 research analysts anticipate 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. Investors 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. The ex-dividend date is Thursday, March 6th. This represents a $1.36 annualized dividend and a dividend yield of 6.36%. American Assets Trust’s dividend payout ratio (DPR) is 152.81%.

Analyst Upgrades and Downgrades

Separately, Mizuho decreased 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 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.