Dimensional Fund Advisors LP Has $17.44 Million Stock Holdings in American Assets Trust, Inc. (NYSE:AAT)

Dimensional Fund Advisors LP raised its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 9.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 779,127 shares of the real estate investment trust’s stock after purchasing an additional 69,985 shares during the quarter. Dimensional Fund Advisors LP’s holdings in American Assets Trust were worth $17,436,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in American Assets Trust by 1,140.3% during the first quarter. SG Americas Securities LLC now owns 175,550 shares of the real estate investment trust’s stock valued at $3,846,000 after purchasing an additional 161,396 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of American Assets Trust by 200.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 35,179 shares of the real estate investment trust’s stock valued at $763,000 after acquiring an additional 23,452 shares during the period. Janus Henderson Group PLC boosted its position in shares of American Assets Trust by 633.0% in the first quarter. Janus Henderson Group PLC now owns 166,411 shares of the real estate investment trust’s stock valued at $3,644,000 after acquiring an additional 143,707 shares during the period. Boston Partners bought a new stake in shares of American Assets Trust in the first quarter valued at approximately $807,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of American Assets Trust in the first quarter valued at approximately $1,776,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Mizuho increased their price objective on American Assets Trust from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, August 19th.

American Assets Trust Stock Up 1.4 %

AAT opened at $26.47 on Friday. American Assets Trust, Inc. has a 1-year low of $17.15 and a 1-year high of $27.79. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 29.71 and a beta of 1.30. The business has a 50 day moving average of $26.16 and a 200-day moving average of $23.36.

American Assets Trust (NYSE:AAT) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.33). The firm had revenue of $110.89 million during the quarter, compared to the consensus estimate of $107.66 million. American Assets Trust had a return on equity of 4.62% and a net margin of 12.00%. During the same period last year, the business earned $0.59 earnings per share. As a group, sell-side analysts anticipate that American Assets Trust, Inc. will post 2.41 earnings per share for the current year.

American Assets Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were given a $0.335 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $1.34 annualized dividend and a yield of 5.06%. American Assets Trust’s dividend payout ratio (DPR) is currently 150.56%.

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.