Principal Financial Group Inc. Has $5.21 Million Position in American Assets Trust, Inc. (NYSE:AAT)

Principal Financial Group Inc. increased its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 2.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 258,527 shares of the real estate investment trust’s stock after buying an additional 5,229 shares during the period. Principal Financial Group Inc. owned 0.42% of American Assets Trust worth $5,207,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in AAT. Robeco Institutional Asset Management B.V. acquired a new stake in American Assets Trust during the first quarter worth about $265,000. Amundi increased its stake in shares of American Assets Trust by 40.4% in the 4th quarter. Amundi now owns 50,464 shares of the real estate investment trust’s stock valued at $1,229,000 after purchasing an additional 14,527 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of American Assets Trust during the 4th quarter worth $1,703,000. Norges Bank bought a new position in American Assets Trust in the fourth quarter valued at about $6,010,000. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of American Assets Trust by 187.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 107,116 shares of the real estate investment trust’s stock worth $2,813,000 after acquiring an additional 69,812 shares during the last quarter. Institutional investors own 90.41% of the company’s stock.

American Assets Trust Trading Down 1.3%

Shares of AAT stock opened at $20.46 on Thursday. American Assets Trust, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $29.15. The company has a debt-to-equity ratio of 1.47, a quick ratio of 4.12 and a current ratio of 4.12. The stock has a 50 day simple moving average of $20.03 and a two-hundred day simple moving average of $21.03. The company has a market cap of $1.25 billion, a P/E ratio of 16.11 and a beta of 1.15.

American Assets Trust (NYSE:AAT) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.07. American Assets Trust had a return on equity of 7.02% and a net margin of 17.57%. The business had revenue of $108.61 million during the quarter, compared to analyst estimates of $112.05 million. Research analysts forecast that American Assets Trust, Inc. will post 1.94 earnings per share for the current year.

American Assets Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 6.65%. The ex-dividend date of this dividend was Thursday, June 5th. American Assets Trust’s dividend payout ratio is currently 107.09%.

Analysts Set New Price Targets

A number of analysts have weighed in on AAT shares. Wall Street Zen cut shares of American Assets Trust from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. Morgan Stanley decreased their price target on shares of American Assets Trust from $24.00 to $20.00 and set an “equal weight” rating for the company in a research report 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.