O Shaughnessy Asset Management LLC Buys 42,395 Shares of American Assets Trust, Inc. (NYSE:AAT)

O Shaughnessy Asset Management LLC boosted its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 17.5% in the 4th quarter, HoldingsChannel reports. The fund owned 285,134 shares of the real estate investment trust’s stock after buying an additional 42,395 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in American Assets Trust were worth $7,488,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Loomis Sayles & Co. L P purchased a new stake in shares of American Assets Trust during the fourth quarter valued at approximately $44,000. Quarry LP raised its holdings in American Assets Trust by 131.3% during the 3rd quarter. Quarry LP now owns 2,163 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 1,228 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in American Assets Trust by 227.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,463 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 1,711 shares during the period. KBC Group NV grew its holdings in American Assets Trust by 56.5% in the 4th quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust’s stock worth $84,000 after acquiring an additional 1,161 shares during the last quarter. Finally, Vestcor Inc purchased a new position in shares of American Assets Trust in the third quarter valued at about $103,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

American Assets Trust Price Performance

AAT opened at $20.10 on Wednesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 8.17 and a current ratio of 8.17. The stock has a market capitalization of $1.23 billion, a PE ratio of 22.58 and a beta of 1.33. The stock’s 50 day moving average price is $21.93 and its 200-day moving average price is $25.14. American Assets Trust, Inc. has a 52-week low of $19.56 and a 52-week high of $29.15.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.41. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. On average, equities research analysts predict 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. Shareholders of record on Thursday, March 6th were issued a $0.34 dividend. 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 annualized dividend and a yield of 6.77%. American Assets Trust’s dividend payout ratio (DPR) is 152.81%.

Wall Street Analysts Forecast Growth

Separately, Mizuho dropped their target price on shares of American Assets Trust from $28.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th.

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.