Intech Investment Management LLC Acquires 26,973 Shares of American Assets Trust, Inc. (NYSE:AAT)

Intech Investment Management LLC boosted its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 226.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,866 shares of the real estate investment trust’s stock after buying an additional 26,973 shares during the period. Intech Investment Management LLC owned approximately 0.06% of American Assets Trust worth $1,021,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Quarry LP raised its position in American Assets Trust by 131.3% during the third quarter. Quarry LP now owns 2,163 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 1,228 shares in the last quarter. Smartleaf Asset Management LLC raised its position in American Assets Trust by 227.5% during the fourth 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 in the last quarter. KBC Group NV raised its position in American Assets Trust by 56.5% during the fourth 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. Vestcor Inc purchased a new stake in American Assets Trust during the third quarter valued at about $103,000. Finally, Verition Fund Management LLC purchased a new stake in American Assets Trust during the third quarter valued at about $217,000. Institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

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

American Assets Trust Stock Down 1.6 %

AAT opened at $20.18 on Friday. The company has a market cap of $1.23 billion, a P/E ratio of 22.67 and a beta of 1.33. The business’s 50-day moving average price is $22.55 and its 200-day moving average price is $25.43. 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 12 month low of $19.56 and a 12 month high of $29.15.

American Assets Trust (NYSE:AAT) last released its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.55 EPS 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%. On average, equities analysts expect that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a $0.34 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.36 annualized dividend and a dividend yield of 6.74%. This is an increase from American Assets Trust’s previous quarterly dividend of $0.34. American Assets Trust’s payout ratio is currently 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.