16,086 Shares in American Assets Trust, Inc. (NYSE:AAT) Acquired by MQS Management LLC

MQS Management LLC bought a new stake in shares of American Assets Trust, Inc. (NYSE:AAT) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,086 shares of the real estate investment trust’s stock, valued at approximately $324,000.

A number of other large investors have also recently added to or reduced their stakes in AAT. T. Rowe Price Investment Management Inc. raised its holdings in American Assets Trust by 0.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,793,745 shares of the real estate investment trust’s stock worth $47,104,000 after buying an additional 6,039 shares during the period. Northern Trust Corp increased its position in shares of American Assets Trust by 16.0% in the fourth quarter. Northern Trust Corp now owns 856,868 shares of the real estate investment trust’s stock worth $22,501,000 after acquiring an additional 118,315 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of American Assets Trust by 8.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 728,386 shares of the real estate investment trust’s stock valued at $19,127,000 after acquiring an additional 55,762 shares during the period. Wellington Management Group LLP raised its holdings in shares of American Assets Trust by 693.7% during the fourth quarter. Wellington Management Group LLP now owns 661,763 shares of the real estate investment trust’s stock valued at $17,378,000 after acquiring an additional 578,386 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of American Assets Trust by 11.6% in the 4th quarter. JPMorgan Chase & Co. now owns 652,216 shares of the real estate investment trust’s stock valued at $17,127,000 after acquiring an additional 67,687 shares in the last quarter. 90.41% of the stock is currently owned by institutional investors.

American Assets Trust Price Performance

Shares of AAT opened at $21.31 on Tuesday. The business’s 50-day moving average is $19.92 and its 200-day moving average is $21.07. The company has a debt-to-equity ratio of 1.47, a current ratio of 4.12 and a quick ratio of 4.12. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 16.78 and a beta of 1.15. American Assets Trust, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $29.15.

American Assets Trust (NYSE:AAT) last released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.07. American Assets Trust had a net margin of 17.57% and a return on equity of 7.02%. The firm had revenue of $108.61 million for the quarter, compared to analyst estimates of $112.05 million. Equities research analysts expect that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th were paid a $0.34 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $1.36 dividend on an annualized basis and a yield of 6.38%. American Assets Trust’s dividend payout ratio (DPR) is currently 107.09%.

Wall Street Analyst Weigh In

AAT has been the topic of several research analyst reports. Morgan Stanley lowered their price objective on shares of American Assets Trust from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Wall Street Zen downgraded American Assets Trust from a “buy” rating to a “hold” rating in a report on Saturday.

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.