Lazard Asset Management LLC Acquires 27,436 Shares of American Assets Trust, Inc. (NYSE:AAT)

Lazard Asset Management LLC increased its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 120.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 50,193 shares of the real estate investment trust’s stock after acquiring an additional 27,436 shares during the period. Lazard Asset Management LLC’s holdings in American Assets Trust were worth $1,317,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AAT. Barclays PLC lifted its stake in shares of American Assets Trust by 110.5% during the 3rd quarter. Barclays PLC now owns 110,220 shares of the real estate investment trust’s stock worth $2,946,000 after acquiring an additional 57,850 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of American Assets Trust by 61.6% during the 4th quarter. Blue Trust Inc. now owns 9,335 shares of the real estate investment trust’s stock worth $249,000 after acquiring an additional 3,560 shares during the last quarter. KBC Group NV lifted its stake in shares of American Assets Trust by 56.5% during the 4th quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust’s stock worth $84,000 after acquiring an additional 1,161 shares during the last quarter. One Wealth Advisors LLC lifted its stake 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 worth $366,000 after acquiring an additional 1,023 shares during the last quarter. Finally, abrdn plc lifted its stake in shares of American Assets Trust by 30.6% during the 4th quarter. abrdn plc now owns 12,498 shares of the real estate investment trust’s stock worth $325,000 after acquiring an additional 2,930 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Mizuho decreased their price target 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. Morgan Stanley decreased their target price on American Assets Trust from $24.00 to $20.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th.

American Assets Trust Trading Up 1.6%

Shares of NYSE AAT opened at $19.96 on Monday. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 1.80. The business has a fifty day simple moving average of $19.29 and a two-hundred day simple moving average of $23.15. The firm has a market cap of $1.22 billion, a PE ratio of 22.43 and a beta of 1.13. American Assets Trust, Inc. has a twelve month low of $16.69 and a twelve month high of $29.15.

American Assets Trust (NYSE:AAT) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.07. The business had revenue of $108.61 million during the quarter, compared to analyst estimates of $112.05 million. American Assets Trust had a return on equity of 4.98% and a net margin of 12.40%. Analysts expect that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 6.81%. The ex-dividend date is Thursday, June 5th. American Assets Trust’s payout ratio is 107.09%.

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.