Bank of America Corp DE Grows Holdings in American Assets Trust, Inc. (NYSE:AAT)

Bank of America Corp DE grew its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,385 shares of the real estate investment trust’s stock after buying an additional 5,745 shares during the quarter. Bank of America Corp DE owned 0.11% of American Assets Trust worth $1,770,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AAT. T. Rowe Price Investment Management Inc. lifted its stake in American Assets Trust by 0.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,793,745 shares of the real estate investment trust’s stock worth $47,104,000 after purchasing an additional 6,039 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in American Assets Trust by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,483,021 shares of the real estate investment trust’s stock worth $38,944,000 after purchasing an additional 8,337 shares during the last quarter. Northern Trust Corp lifted its stake in American Assets Trust by 16.0% during the fourth quarter. Northern Trust Corp now owns 856,868 shares of the real estate investment trust’s stock worth $22,501,000 after purchasing an additional 118,315 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in American Assets Trust by 8.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 728,386 shares of the real estate investment trust’s stock worth $19,127,000 after purchasing an additional 55,762 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in American Assets Trust by 693.7% during the fourth quarter. Wellington Management Group LLP now owns 661,763 shares of the real estate investment trust’s stock worth $17,378,000 after purchasing an additional 578,386 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

American Assets Trust Price Performance

Shares of NYSE AAT opened at $20.12 on Wednesday. American Assets Trust, Inc. has a 1-year low of $16.69 and a 1-year high of $29.15. The company has a debt-to-equity ratio of 1.80, a current ratio of 8.17 and a quick ratio of 8.17. The business’s fifty day moving average price is $19.15 and its two-hundred day moving average price is $22.53. The firm has a market capitalization of $1.23 billion, a PE ratio of 22.61 and a beta of 1.13.

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

American Assets Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 6.76%. The ex-dividend date is Thursday, June 5th. American Assets Trust’s dividend payout ratio is presently 107.09%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AAT. Wall Street Zen upgraded American Assets Trust from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. Mizuho reduced their price objective 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. Finally, Morgan Stanley reduced their price objective on 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.

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.