Charles Schwab Investment Management Inc. Grows Position in American Assets Trust, Inc. (NYSE:AAT)

Charles Schwab Investment Management Inc. grew its stake in American Assets Trust, Inc. (NYSE:AAT) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,483,021 shares of the real estate investment trust’s stock after buying an additional 8,337 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 2.44% of American Assets Trust worth $38,944,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AAT. Integrated Wealth Concepts LLC grew its stake in shares of American Assets Trust by 2.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 17,076 shares of the real estate investment trust’s stock valued at $456,000 after acquiring an additional 388 shares during the period. Daiwa Securities Group Inc. lifted its holdings in American Assets Trust by 3.0% during the third quarter. Daiwa Securities Group Inc. now owns 15,504 shares of the real estate investment trust’s stock valued at $414,000 after purchasing an additional 446 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of 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 purchasing an additional 582 shares during the period. New York State Common Retirement Fund boosted its position in shares of 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 worth $468,000 after purchasing an additional 1,019 shares during the period. Finally, One Wealth Advisors LLC raised its position in shares of American Assets Trust by 7.9% during the 4th quarter. One Wealth Advisors LLC now owns 13,949 shares of the real estate investment trust’s stock valued at $366,000 after purchasing an additional 1,023 shares during the period. Institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Mizuho dropped their target price on shares of 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 Stock Performance

NYSE:AAT opened at $20.10 on Friday. The stock has a 50-day moving average price of $22.97 and a 200 day moving average price of $25.67. The stock has a market capitalization of $1.23 billion, a P/E ratio of 22.58 and a beta of 1.33. American Assets Trust, Inc. has a 12-month low of $19.56 and a 12-month high of $29.15. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 1.80.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.41. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. Equities research analysts forecast that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.34 dividend. This is an increase from American Assets Trust’s previous quarterly dividend of $0.34. This represents a $1.36 dividend on an annualized basis and a yield of 6.77%. The ex-dividend date of this dividend is Thursday, March 6th. American Assets Trust’s payout ratio is currently 152.81%.

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.