California State Teachers Retirement System Trims Stake in American Assets Trust, Inc. (NYSE:AAT)

California State Teachers Retirement System cut its position in American Assets Trust, Inc. (NYSE:AAT) by 1.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,559 shares of the real estate investment trust’s stock after selling 926 shares during the quarter. California State Teachers Retirement System owned approximately 0.10% of American Assets Trust worth $1,182,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AAT. Arizona State Retirement System boosted its holdings in shares of American Assets Trust by 3.8% in the fourth quarter. Arizona State Retirement System now owns 14,517 shares of the real estate investment trust’s stock valued at $385,000 after acquiring an additional 537 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in American Assets Trust by 2.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,254 shares of the real estate investment trust’s stock worth $432,000 after purchasing an additional 540 shares during the last quarter. PNC Financial Services Group Inc. grew its position in American Assets Trust by 3.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 18,252 shares of the real estate investment trust’s stock worth $484,000 after purchasing an additional 547 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in American Assets Trust by 18.7% in the third quarter. Tower Research Capital LLC TRC now owns 3,738 shares of the real estate investment trust’s stock valued at $97,000 after purchasing an additional 588 shares during the period. Finally, EMC Capital Management raised its holdings in shares of American Assets Trust by 14.4% in the fourth quarter. EMC Capital Management now owns 5,390 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 678 shares during the last quarter. Hedge funds and other institutional investors own 89.44% of the company’s stock.

American Assets Trust Price Performance

Shares of AAT opened at $21.41 on Friday. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 1.44. The stock’s 50 day moving average is $21.02 and its two-hundred day moving average is $20.32. American Assets Trust, Inc. has a twelve month low of $16.04 and a twelve month high of $29.73. The firm has a market capitalization of $1.30 billion, a PE ratio of 25.49, a P/E/G ratio of 7.33 and a beta of 1.11.

American Assets Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, September 7th will be paid a $0.33 dividend. The ex-dividend date is Wednesday, September 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.17%. American Assets Trust’s dividend payout ratio (DPR) is presently 157.14%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Mizuho upped their price objective on American Assets Trust from $19.00 to $22.00 in a research note on Thursday, July 20th. StockNews.com began coverage on shares of American Assets Trust in a research report on Thursday, August 17th. They set a “hold” rating for the company.

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.