Raymond James Financial Inc. Acquires Shares of 64,841 American Assets Trust, Inc. (NYSE:AAT)

Raymond James Financial Inc. bought a new position in American Assets Trust, Inc. (NYSE:AAT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 64,841 shares of the real estate investment trust’s stock, valued at approximately $1,703,000. Raymond James Financial Inc. owned 0.11% of American Assets Trust as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New York State Common Retirement Fund lifted its position in American Assets Trust by 6.1% in the fourth quarter. New York State Common Retirement Fund now owns 17,831 shares of the real estate investment trust’s stock valued at $468,000 after purchasing an additional 1,019 shares during the period. One Wealth Advisors LLC grew its holdings in American Assets Trust by 7.9% during the fourth quarter. One Wealth Advisors LLC now owns 13,949 shares of the real estate investment trust’s stock worth $366,000 after acquiring an additional 1,023 shares during the period. Federated Hermes Inc. raised its position in American Assets Trust by 62.7% in the fourth 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 lifted its holdings in American Assets Trust by 56.5% in the fourth quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust’s stock valued at $84,000 after acquiring an additional 1,161 shares during the period. Finally, Tidal Investments LLC boosted its position in shares of American Assets Trust by 4.3% during the 3rd quarter. Tidal Investments LLC now owns 32,393 shares of the real estate investment trust’s stock worth $866,000 after purchasing an additional 1,341 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analyst Ratings Changes

AAT has been the topic of a number of research analyst reports. Morgan Stanley decreased their price objective on shares of American Assets Trust from $24.00 to $20.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. Mizuho decreased their price target on American Assets Trust from $28.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th.

American Assets Trust Price Performance

American Assets Trust stock opened at $18.85 on Friday. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 1.80. The firm’s 50-day simple moving average is $19.81 and its 200 day simple moving average is $23.84. American Assets Trust, Inc. has a 52 week low of $16.69 and a 52 week high of $29.15. The firm has a market capitalization of $1.15 billion, a PE ratio of 21.18 and a beta of 1.12.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.07. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. The company had revenue of $108.61 million for the quarter, compared to the consensus estimate of $112.05 million. On average, equities research analysts predict that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 7.21%. The ex-dividend date is Thursday, June 5th. American Assets Trust’s payout ratio is currently 107.09%.

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.