Geode Capital Management LLC boosted its stake in American Assets Trust, Inc (NYSE:AAT) by 26.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 539,217 shares of the real estate investment trust’s stock after acquiring an additional 111,339 shares during the period. Geode Capital Management LLC owned 1.14% of American Assets Trust worth $21,660,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Bowling Portfolio Management LLC bought a new position in shares of American Assets Trust during the fourth quarter worth about $1,263,000. Arizona State Retirement System grew its position in shares of American Assets Trust by 6.2% during the fourth quarter. Arizona State Retirement System now owns 58,177 shares of the real estate investment trust’s stock worth $2,337,000 after acquiring an additional 3,376 shares during the last quarter. MetLife Investment Advisors LLC grew its position in American Assets Trust by 40.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 26,901 shares of the real estate investment trust’s stock valued at $1,003,000 after buying an additional 7,714 shares in the last quarter. Teachers Advisors LLC grew its position in American Assets Trust by 2.0% in the 3rd quarter. Teachers Advisors LLC now owns 766,352 shares of the real estate investment trust’s stock valued at $28,577,000 after buying an additional 14,897 shares in the last quarter. Finally, Martingale Asset Management L P bought a new position in American Assets Trust in the 3rd quarter valued at about $1,982,000. 95.72% of the stock is currently owned by hedge funds and other institutional investors.
AAT traded up $0.44 on Friday, reaching $46.52. The company had a trading volume of 198,279 shares, compared to its average volume of 216,206. The firm has a market capitalization of $2.17 billion, a PE ratio of 22.26, a P/E/G ratio of 3.20 and a beta of 0.38. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.62. American Assets Trust, Inc has a one year low of $32.54 and a one year high of $46.86.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.12 annualized dividend and a dividend yield of 2.41%. American Assets Trust’s dividend payout ratio (DPR) is 53.59%.
AAT has been the subject of a number of recent analyst reports. Mizuho reiterated a “buy” rating and issued a $44.00 target price on shares of American Assets Trust in a research report on Tuesday, January 8th. Zacks Investment Research lowered shares of American Assets Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, February 20th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of American Assets Trust in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $46.00.
About American Assets Trust
American Assets Trust, Inc (the company) is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier retail, office 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, Oregon, Washington, Texas and Hawaii.
Featured Story: Asset Allocation
Receive News & Ratings for American Assets Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Assets Trust and related companies with MarketBeat.com's FREE daily email newsletter.