NJ State Employees Deferred Compensation Plan Takes Position in American Assets Trust, Inc. (NYSE:AAT)

NJ State Employees Deferred Compensation Plan acquired a new stake in shares of American Assets Trust, Inc. (NYSE:AAT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,900 shares of the real estate investment trust’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Custom Index Systems LLC lifted its holdings in shares of American Assets Trust by 4.5% during the 2nd quarter. Custom Index Systems LLC now owns 10,697 shares of the real estate investment trust’s stock valued at $239,000 after buying an additional 463 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of American Assets Trust by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,891 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 488 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of American Assets Trust by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,052 shares of the real estate investment trust’s stock valued at $605,000 after purchasing an additional 571 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of American Assets Trust by 7.4% in the first quarter. ProShare Advisors LLC now owns 9,841 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 681 shares during the last quarter. Finally, Texas Permanent School Fund Corp boosted its stake in shares of American Assets Trust by 1.6% during the 1st quarter. Texas Permanent School Fund Corp now owns 42,636 shares of the real estate investment trust’s stock worth $934,000 after acquiring an additional 689 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

American Assets Trust Stock Down 0.1 %

AAT opened at $27.94 on Monday. American Assets Trust, Inc. has a fifty-two week low of $18.00 and a fifty-two week high of $28.96. The company has a debt-to-equity ratio of 1.86, a quick ratio of 3.03 and a current ratio of 8.53. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 30.70 and a beta of 1.29. The firm’s fifty day moving average is $26.96 and its 200 day moving average is $24.51.

American Assets Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Thursday, December 5th. American Assets Trust’s dividend payout ratio is currently 147.25%.

Wall Street Analysts Forecast Growth

AAT has been the topic of a number of recent research reports. Morgan Stanley raised their target price on American Assets Trust from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Mizuho boosted their price objective on American Assets Trust from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, August 19th.

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.