American Assets Trust, Inc. (NYSE:AAT) Stock Holdings Increased by Sterling Capital Management LLC

Sterling Capital Management LLC lifted its holdings in American Assets Trust, Inc. (NYSE:AAT) by 8.1% in the 4th quarter, HoldingsChannel reports. The firm owned 18,225 shares of the real estate investment trust’s stock after purchasing an additional 1,368 shares during the quarter. Sterling Capital Management LLC’s holdings in American Assets Trust were worth $479,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Loomis Sayles & Co. L P acquired a new position in American Assets Trust during the 4th quarter valued at about $44,000. Smartleaf Asset Management LLC increased its stake in shares of 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 acquiring an additional 1,711 shares during the period. Federated Hermes Inc. lifted its position in American Assets Trust by 62.7% in the fourth quarter. Federated Hermes Inc. now owns 2,827 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 1,089 shares during the period. KBC Group NV increased its position 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 valued at $84,000 after purchasing an additional 1,161 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of American Assets Trust in the 4th quarter worth $231,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Mizuho dropped their price target on shares of 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 Trading Up 0.9 %

American Assets Trust stock opened at $19.01 on Friday. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 21.36 and a beta of 1.12. American Assets Trust, Inc. has a 1 year low of $16.69 and a 1 year high of $29.15. The firm’s 50 day moving average price is $20.40 and its two-hundred day moving average price is $24.31. The company has a debt-to-equity ratio of 1.80, a quick ratio of 8.17 and a current ratio of 8.17.

American Assets Trust (NYSE:AAT) last issued its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, research analysts predict that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, March 6th. This is a positive change from American Assets Trust’s previous quarterly dividend of $0.34. This represents a $1.36 dividend on an annualized basis and a yield of 7.15%. American Assets Trust’s dividend payout ratio is currently 152.81%.

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.