Maryland State Retirement & Pension System Cuts Stock Position in American Assets Trust, Inc. $AAT

Maryland State Retirement & Pension System reduced its holdings in American Assets Trust, Inc. (NYSE:AAT) by 14.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,793 shares of the real estate investment trust’s stock after selling 2,248 shares during the period. Maryland State Retirement & Pension System’s holdings in American Assets Trust were worth $278,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of American Assets Trust in the 4th quarter valued at $63,000. State of Wyoming purchased a new stake in shares of American Assets Trust in the 4th quarter valued at $101,000. US Bancorp DE boosted its holdings in shares of American Assets Trust by 952.0% in the 1st quarter. US Bancorp DE now owns 10,415 shares of the real estate investment trust’s stock valued at $210,000 after acquiring an additional 9,425 shares during the last quarter. Retirement Planning Co of New England Inc. boosted its holdings in shares of American Assets Trust by 20.9% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 10,600 shares of the real estate investment trust’s stock valued at $213,000 after acquiring an additional 1,830 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in shares of American Assets Trust in the 1st quarter valued at $265,000. 90.41% of the stock is owned by hedge funds and other institutional investors.

American Assets Trust Stock Performance

AAT opened at $19.38 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 3.55 and a quick ratio of 3.55. The firm has a fifty day moving average price of $19.96 and a 200 day moving average price of $20.12. American Assets Trust, Inc. has a 1 year low of $16.69 and a 1 year high of $29.15. The stock has a market cap of $1.18 billion, a P/E ratio of 16.70 and a beta of 1.17.

American Assets Trust (NYSE:AAT) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. American Assets Trust had a net margin of 16.26% and a return on equity of 6.47%. The firm had revenue of $107.93 million during the quarter, compared to analysts’ expectations of $107.75 million. Equities research 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 announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Thursday, September 4th. American Assets Trust’s payout ratio is currently 117.24%.

Analysts Set New Price Targets

Several analysts have recently commented on AAT shares. Wall Street Zen downgraded shares of American Assets Trust from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Morgan Stanley dropped 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.

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.