Deutsche Bank AG Acquires 13,025 Shares of American Assets Trust, Inc. (NYSE:AAT)

Deutsche Bank AG increased its stake in American Assets Trust, Inc. (NYSE:AAT) by 20.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,529 shares of the real estate investment trust’s stock after acquiring an additional 13,025 shares during the period. Deutsche Bank AG owned approximately 0.13% of American Assets Trust worth $2,010,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AAT. New York State Common Retirement Fund grew its position in American Assets Trust by 6.1% in the 4th 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 acquiring an additional 1,019 shares during the last quarter. One Wealth Advisors LLC grew its holdings in shares of American Assets Trust by 7.9% in the fourth quarter. One Wealth Advisors LLC now owns 13,949 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 1,023 shares during the last quarter. Federated Hermes Inc. increased its stake 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 buying an additional 1,089 shares during the period. KBC Group NV lifted its holdings in American Assets Trust by 56.5% during the 4th quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust’s stock valued at $84,000 after buying an additional 1,161 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its position in American Assets Trust by 8.1% in the 4th quarter. Sterling Capital Management LLC now owns 18,225 shares of the real estate investment trust’s stock valued at $479,000 after buying an additional 1,368 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

American Assets Trust Price Performance

American Assets Trust stock opened at $19.03 on Friday. The company has a 50-day moving average price of $19.23 and a 200 day moving average price of $22.94. The stock has a market cap of $1.16 billion, a P/E ratio of 21.38 and a beta of 1.13. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 1.80. American Assets Trust, Inc. has a 12-month low of $16.69 and a 12-month high of $29.15.

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 for the quarter, beating analysts’ consensus estimates 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 business had revenue of $108.61 million during the quarter, compared to analysts’ expectations of $112.05 million. Sell-side analysts anticipate that American Assets Trust, Inc. will post 1.94 earnings per share for the current year.

American Assets Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 7.15%. The ex-dividend date is Thursday, June 5th. American Assets Trust’s dividend payout ratio (DPR) is presently 107.09%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of American Assets Trust from a “hold” rating to a “buy” rating in a research note on Saturday. Mizuho cut their price objective on shares of American Assets Trust from $28.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Finally, Morgan Stanley decreased their price target on shares of American Assets Trust from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th.

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.