American Assets Trust, Inc. (NYSE:AAT) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in shares of American Assets Trust, Inc. (NYSE:AAT) by 36.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,118 shares of the real estate investment trust’s stock after selling 18,022 shares during the period. Teacher Retirement System of Texas owned approximately 0.05% of American Assets Trust worth $817,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AAT. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of American Assets Trust by 25.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,039 shares of the real estate investment trust’s stock worth $482,000 after purchasing an additional 3,607 shares during the last quarter. Intech Investment Management LLC grew its position in American Assets Trust by 5.1% in the third quarter. Intech Investment Management LLC now owns 11,893 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 582 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of American Assets Trust by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,474,684 shares of the real estate investment trust’s stock valued at $39,404,000 after buying an additional 35,688 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of American Assets Trust by 3.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 15,504 shares of the real estate investment trust’s stock valued at $414,000 after acquiring an additional 446 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of American Assets Trust by 26.6% during the 3rd quarter. FMR LLC now owns 196,590 shares of the real estate investment trust’s stock worth $5,253,000 after acquiring an additional 41,284 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

American Assets Trust Stock Performance

American Assets Trust stock opened at $20.01 on Friday. American Assets Trust, Inc. has a fifty-two week low of $19.56 and a fifty-two week high of $29.15. The firm’s 50 day simple moving average is $22.12 and its 200-day simple moving average is $25.23. 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 company has a market cap of $1.22 billion, a P/E ratio of 22.49 and a beta of 1.33.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, topping 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, equities research analysts predict that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a $0.34 dividend. 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 6.80%. The ex-dividend date of this dividend was Thursday, March 6th. American Assets Trust’s dividend payout ratio is currently 152.81%.

Analyst Ratings Changes

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

American Assets Trust 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.