American Assets Trust, Inc. (NYSE:AAT) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 433.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,181 shares of the real estate investment trust’s stock after purchasing an additional 67,589 shares during the quarter. Assenagon Asset Management S.A. owned about 0.14% of American Assets Trust worth $2,223,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Signaturefd LLC boosted its holdings in shares of American Assets Trust by 130.3% during the second quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 1,059 shares during the last quarter. Blue Trust Inc. boosted its holdings in American Assets Trust by 516.3% in the third quarter. Blue Trust Inc. now owns 5,775 shares of the real estate investment trust’s stock valued at $154,000 after acquiring an additional 4,838 shares during the last quarter. Inspire Advisors LLC acquired a new position in American Assets Trust in the first quarter valued at $205,000. ProShare Advisors LLC boosted its holdings in American Assets Trust by 7.4% in the first quarter. ProShare Advisors LLC now owns 9,841 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 681 shares during the last quarter. Finally, Capital Square LLC acquired a new position in American Assets Trust in the first quarter valued at $219,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

American Assets Trust Trading Down 3.0 %

NYSE:AAT opened at $26.95 on Friday. The business’s 50-day moving average is $26.87 and its two-hundred day moving average is $24.17. The company has a debt-to-equity ratio of 1.48, a current ratio of 3.03 and a quick ratio of 3.03. American Assets Trust, Inc. has a 12 month low of $17.57 and a 12 month high of $28.44. The firm has a market capitalization of $1.64 billion, a PE ratio of 29.62 and a beta of 1.30.

American Assets Trust (NYSE:AAT) last released 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 net margin of 12.00% and a return on equity of 4.62%. The company had revenue of $110.89 million during the quarter, compared to analysts’ expectations of $107.66 million. During the same period last year, the business earned $0.59 earnings per share. Research analysts predict that American Assets Trust, Inc. will post 2.32 earnings per share for the current fiscal year.

American Assets Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend is Thursday, December 5th. American Assets Trust’s dividend payout ratio (DPR) is presently 147.25%.

Analyst Ratings Changes

A number of brokerages recently weighed in on AAT. Mizuho lifted their target price on American Assets Trust from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Morgan Stanley lifted their target price on American Assets Trust from $23.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday.

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.