Intech Investment Management LLC Acquires 26,973 Shares of American Assets Trust, Inc. (NYSE:AAT)

Intech Investment Management LLC increased its holdings in American Assets Trust, Inc. (NYSE:AAT) by 226.8% during the 4th quarter, Holdings Channel reports. The firm owned 38,866 shares of the real estate investment trust’s stock after buying an additional 26,973 shares during the period. Intech Investment Management LLC’s holdings in American Assets Trust were worth $1,021,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Thrivent Financial for Lutherans grew its stake in shares of American Assets Trust by 187.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 107,116 shares of the real estate investment trust’s stock worth $2,813,000 after purchasing an additional 69,812 shares during the last quarter. Vestcor Inc grew its stake in shares of American Assets Trust by 1,051.6% in the fourth quarter. Vestcor Inc now owns 44,396 shares of the real estate investment trust’s stock worth $1,166,000 after purchasing an additional 40,541 shares during the last quarter. Amundi grew its stake in shares of American Assets Trust by 40.4% in the fourth quarter. Amundi now owns 50,464 shares of the real estate investment trust’s stock worth $1,229,000 after purchasing an additional 14,527 shares during the last quarter. Raymond James Financial Inc. bought a new stake in American Assets Trust during the 4th quarter valued at approximately $1,703,000. Finally, Charles Schwab Investment Management Inc. boosted its position in American Assets Trust by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,483,021 shares of the real estate investment trust’s stock valued at $38,944,000 after acquiring an additional 8,337 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Mizuho cut their price objective 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 Stock Performance

American Assets Trust stock opened at $20.18 on Friday. The stock’s 50 day simple moving average is $22.55 and its two-hundred day simple moving average is $25.43. The company has a debt-to-equity ratio of 1.80, a quick ratio of 8.17 and a current ratio of 8.17. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 22.67 and a beta of 1.33. American Assets Trust, Inc. has a fifty-two week low of $19.56 and a fifty-two week high of $29.15.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 EPS for the quarter, topping 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, analysts expect that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal 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 given a $0.34 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This is a boost from American Assets Trust’s previous quarterly dividend of $0.34. This represents a $1.36 annualized dividend and a yield of 6.74%. American Assets Trust’s dividend payout ratio is 152.81%.

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.