Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Holdings in American Assets Trust, Inc. (NYSE:AAT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in American Assets Trust, Inc. (NYSE:AAT) by 38.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,638 shares of the real estate investment trust’s stock after purchasing an additional 7,067 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in American Assets Trust were worth $673,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in American Assets Trust by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,483,021 shares of the real estate investment trust’s stock valued at $38,944,000 after buying an additional 8,337 shares during the period. Geode Capital Management LLC increased its position in shares of American Assets Trust by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,267,222 shares of the real estate investment trust’s stock valued at $33,866,000 after acquiring an additional 15,491 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of American Assets Trust by 14.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 584,529 shares of the real estate investment trust’s stock valued at $15,619,000 after acquiring an additional 72,579 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of American Assets Trust by 292.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 411,809 shares of the real estate investment trust’s stock worth $11,004,000 after acquiring an additional 306,946 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of American Assets Trust by 3.7% during the 4th quarter. Principal Financial Group Inc. now owns 253,298 shares of the real estate investment trust’s stock worth $6,652,000 after purchasing an additional 8,969 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

American Assets Trust Stock Performance

Shares of American Assets Trust stock opened at $20.34 on Thursday. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 22.85 and a beta of 1.33. The company has a debt-to-equity ratio of 1.80, a current ratio of 8.17 and a quick ratio of 8.17. The business has a 50-day moving average of $22.31 and a 200 day moving average of $25.31. 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 posted its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.55 EPS for the quarter, beating the consensus estimate of $0.14 by $0.41. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. As a group, sell-side analysts forecast that American Assets Trust, Inc. will post 1.94 earnings per share 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 paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 6.69%. The ex-dividend date of this dividend was Thursday, March 6th. This is a boost from American Assets Trust’s previous quarterly dividend of $0.34. American Assets Trust’s dividend payout ratio (DPR) is presently 152.81%.

Analyst Ratings Changes

Separately, Mizuho cut their target price 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 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.