Alliancebernstein L.P. Decreases Stake in American Assets Trust, Inc. (NYSE:AAT)

Alliancebernstein L.P. decreased its holdings in American Assets Trust, Inc. (NYSE:AAT) by 2.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 66,826 shares of the real estate investment trust’s stock after selling 1,420 shares during the quarter. Alliancebernstein L.P.’s holdings in American Assets Trust were worth $1,755,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. New York State Common Retirement Fund increased 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 acquiring an additional 1,019 shares in the last quarter. One Wealth Advisors LLC boosted its position in 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 worth $366,000 after purchasing an additional 1,023 shares during the period. KBC Group NV increased its holdings in 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 valued at $84,000 after purchasing an additional 1,161 shares in the last quarter. Tidal Investments LLC raised its position in American Assets Trust by 4.3% in the third quarter. Tidal Investments LLC now owns 32,393 shares of the real estate investment trust’s stock valued at $866,000 after purchasing an additional 1,341 shares during the period. Finally, Loomis Sayles & Co. L P purchased a new position in American Assets Trust in the fourth quarter valued at about $44,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

American Assets Trust Trading Up 0.9 %

NYSE AAT opened at $19.01 on Friday. The stock has a market cap of $1.16 billion, a P/E ratio of 21.36 and a beta of 1.12. The company’s fifty day simple moving average is $20.47 and its 200-day simple moving average is $24.36. 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, Inc. has a 52 week low of $16.69 and a 52 week high of $29.15.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings data 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 net margin of 12.40% and a return on equity of 4.98%. Equities research analysts predict that American Assets Trust, Inc. will post 1.94 EPS 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. Shareholders of record on Thursday, March 6th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 7.15%. The ex-dividend date was Thursday, March 6th. This is a positive change from American Assets Trust’s previous quarterly dividend of $0.34. American Assets Trust’s dividend payout ratio (DPR) is 152.81%.

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.