Amundi Has $1.23 Million Stock Position in American Assets Trust, Inc. (NYSE:AAT)

Amundi raised its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 40.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,464 shares of the real estate investment trust’s stock after purchasing an additional 14,527 shares during the period. Amundi owned 0.08% of American Assets Trust worth $1,229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of AAT. Quarry LP lifted its holdings in American Assets Trust by 131.3% in the third quarter. Quarry LP now owns 2,163 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 1,228 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of American Assets Trust by 227.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,463 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 1,711 shares during the period. KBC Group NV boosted its position in shares of American Assets Trust by 56.5% in the 4th quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 1,161 shares during the last quarter. Vestcor Inc acquired a new stake in shares of American Assets Trust during the third quarter worth $103,000. Finally, Verition Fund Management LLC bought a new stake in American Assets Trust in the third quarter valued at about $217,000. Institutional investors own 90.43% of the company’s stock.

American Assets Trust Trading Down 0.9 %

AAT opened at $20.19 on Wednesday. American Assets Trust, Inc. has a twelve month low of $19.56 and a twelve month high of $29.15. The firm has a market cap of $1.23 billion, a PE ratio of 22.69 and a beta of 1.33. 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 firm’s fifty day moving average is $22.77 and its two-hundred day moving average is $25.56.

American Assets Trust (NYSE:AAT) last posted its earnings results 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 return on equity of 4.98% and a net margin of 12.40%. Equities research analysts anticipate 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 will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a $0.34 dividend. The ex-dividend date is Thursday, March 6th. This is a positive change from American Assets Trust’s previous quarterly dividend of $0.34. This represents a $1.36 annualized dividend and a dividend yield of 6.73%. American Assets Trust’s payout ratio is currently 152.81%.

Wall Street Analyst Weigh In

Separately, Mizuho reduced their target price on American Assets Trust from $28.00 to $22.00 and set a “neutral” rating on the stock in a 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.