Zurcher Kantonalbank Zurich Cantonalbank Has $604,000 Stock Position in American Assets Trust, Inc. (NYSE:AAT)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in American Assets Trust, Inc. (NYSE:AAT) by 10.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,991 shares of the real estate investment trust’s stock after acquiring an additional 2,952 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in American Assets Trust were worth $604,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AAT. Wellington Management Group LLP lifted its stake in shares of American Assets Trust by 693.7% in 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 acquiring an additional 578,386 shares during the period. Norges Bank acquired a new position in shares of American Assets Trust in the fourth quarter worth approximately $6,010,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in American Assets Trust in the fourth quarter worth approximately $4,829,000. Allianz Asset Management GmbH increased its holdings in American Assets Trust by 20.4% in the first quarter. Allianz Asset Management GmbH now owns 893,652 shares of the real estate investment trust’s stock worth $17,998,000 after purchasing an additional 151,541 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in American Assets Trust by 16.0% in 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 in the last quarter. 90.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AAT shares. Wall Street Zen downgraded American Assets Trust from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Morgan Stanley lowered their target price on American Assets Trust from $24.00 to $20.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th.

American Assets Trust Trading Down 0.0%

Shares of American Assets Trust stock opened at $19.16 on Thursday. The stock has a fifty day simple moving average of $20.09 and a 200 day simple moving average of $20.47. American Assets Trust, Inc. has a 12-month low of $16.69 and a 12-month high of $29.15. The company has a market capitalization of $1.17 billion, a P/E ratio of 16.51 and a beta of 1.17. The company has a current ratio of 3.55, a quick ratio of 4.12 and a debt-to-equity ratio of 1.50.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. American Assets Trust had a return on equity of 6.47% and a net margin of 16.26%. The business had revenue of $107.93 million during the quarter, compared to the consensus estimate of $107.75 million. On average, sell-side analysts anticipate that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, September 4th. This represents a $1.36 annualized dividend and a yield of 7.1%. American Assets Trust’s dividend payout ratio is 117.24%.

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.