American Assets Trust, Inc. (NYSE:AAT) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its stake in American Assets Trust, Inc. (NYSE:AAT) by 2.2% during the second quarter, Holdings Channel reports. The institutional investor owned 27,052 shares of the real estate investment trust’s stock after acquiring an additional 571 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in American Assets Trust were worth $605,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC increased its holdings in American Assets Trust by 130.3% in the second quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 1,059 shares in the last quarter. Inspire Advisors LLC acquired a new position in American Assets Trust in the 1st quarter worth about $205,000. ProShare Advisors LLC boosted its position in American Assets Trust by 7.4% during the first quarter. ProShare Advisors LLC now owns 9,841 shares of the real estate investment trust’s stock worth $216,000 after purchasing an additional 681 shares in the last quarter. Capital Square LLC acquired a new stake in American Assets Trust in the first quarter valued at approximately $219,000. Finally, Evergreen Capital Management LLC increased its position in shares of American Assets Trust by 12.1% in the second quarter. Evergreen Capital Management LLC now owns 10,634 shares of the real estate investment trust’s stock valued at $238,000 after buying an additional 1,145 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Mizuho increased their target price 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 2.2 %

Shares of NYSE AAT opened at $27.79 on Wednesday. American Assets Trust, Inc. has a 52-week low of $17.15 and a 52-week high of $28.23. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 1.48. The company’s 50-day simple moving average is $26.34 and its 200-day simple moving average is $23.68. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 31.22 and a beta of 1.30.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings data 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). American Assets Trust had a return on equity of 4.62% and a net margin of 12.00%. The firm had revenue of $110.89 million for the quarter, compared to analysts’ expectations of $107.66 million. During the same quarter last year, the firm posted $0.59 earnings per share. Equities analysts predict that American Assets Trust, Inc. will post 2.32 EPS for the current fiscal year.

American Assets Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were issued a $0.335 dividend. The ex-dividend date was Thursday, September 5th. This represents a $1.34 dividend on an annualized basis and a yield of 4.82%. American Assets Trust’s payout ratio 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.