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

Teacher Retirement System of Texas decreased its position in shares of American Assets Trust, Inc. (NYSE:AAT) by 36.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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’ holdings in American Assets Trust were worth $817,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AAT. Intech Investment Management LLC lifted its holdings in shares of American Assets Trust by 226.8% during the 4th quarter. Intech Investment Management LLC now owns 38,866 shares of the real estate investment trust’s stock valued at $1,021,000 after buying an additional 26,973 shares during the last quarter. Thrivent Financial for Lutherans raised its position in American Assets Trust by 187.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 107,116 shares of the real estate investment trust’s stock valued at $2,813,000 after acquiring an additional 69,812 shares in the last quarter. Vestcor Inc lifted its stake in 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 valued at $1,166,000 after acquiring an additional 40,541 shares during the last quarter. Amundi grew its position in 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 acquiring an additional 14,527 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of American Assets Trust during the 4th quarter worth $1,703,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

American Assets Trust Stock Down 1.2 %

Shares of AAT stock opened at $20.01 on Friday. The stock’s 50 day simple moving average is $22.12 and its 200 day simple moving average is $25.23. American Assets Trust, Inc. has a twelve month low of $19.56 and a twelve month high of $29.15. 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 company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 22.49 and a beta of 1.33.

American Assets Trust (NYSE:AAT) last released its quarterly earnings results 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 net margin of 12.40% and a return on equity of 4.98%. As a group, 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. Stockholders of record on Thursday, March 6th were paid a $0.34 dividend. The ex-dividend date was Thursday, March 6th. This is a positive change from American Assets Trust’s previous quarterly dividend of $0.34. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.80%. American Assets Trust’s payout ratio is presently 152.81%.

Wall Street Analysts Forecast Growth

Separately, Mizuho decreased their price objective 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.

About American Assets Trust

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.