American Assets Trust, Inc. (NYSE:AAT) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC increased its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 112.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 195,200 shares of the real estate investment trust’s stock after acquiring an additional 103,500 shares during the period. Renaissance Technologies LLC owned approximately 0.32% of American Assets Trust worth $5,126,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AAT. Loomis Sayles & Co. L P acquired a new stake in American Assets Trust in the fourth quarter valued at approximately $44,000. Smartleaf Asset Management LLC grew its stake in American Assets Trust by 227.5% in 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 acquiring an additional 1,711 shares during the period. Federated Hermes Inc. increased its holdings in American Assets Trust by 62.7% in the 4th quarter. Federated Hermes Inc. now owns 2,827 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 1,089 shares in the last quarter. KBC Group NV raised its position in American Assets Trust by 56.5% during the fourth 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 period. Finally, KLP Kapitalforvaltning AS purchased a new position in American Assets Trust during the fourth quarter valued at $231,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analyst Ratings Changes

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

American Assets Trust Stock Up 0.9 %

Shares of AAT opened at $19.01 on Monday. The stock has a 50 day moving average price of $20.40 and a 200 day moving average price of $24.29. 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 $1.16 billion, a price-to-earnings ratio of 21.36 and a beta of 1.12. American Assets Trust, Inc. has a one year low of $16.69 and a one year high of $29.15.

American Assets Trust (NYSE:AAT) last issued its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 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%. Equities research analysts forecast that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given 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 dividend on an annualized basis and a dividend yield of 7.15%. American Assets Trust’s dividend payout ratio is 152.81%.

About American Assets Trust

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.