American Assets Trust, Inc. (NYSE:AAT) Stock Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 652,216 shares of the real estate investment trust's stock after purchasing an additional 67,687 shares during the quarter. JPMorgan Chase & Co. owned about 1.07% of American Assets Trust worth $17,127,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in American Assets Trust by 227.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,463 shares of the real estate investment trust's stock worth $64,000 after purchasing an additional 1,711 shares during the last quarter. KBC Group NV boosted its position in American Assets Trust by 56.5% during the fourth quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust's stock worth $84,000 after acquiring an additional 1,161 shares during the last quarter. Vestcor Inc acquired a new position in American Assets Trust in the third quarter valued at $103,000. Verition Fund Management LLC purchased a new position in shares of American Assets Trust during the 3rd quarter worth about $217,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of American Assets Trust during the 4th quarter worth $231,000. Hedge funds and other institutional investors own 90.43% of the company's stock.

Analysts Set New Price Targets

Separately, Mizuho reduced their price target on shares of American Assets Trust from $28.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th.

American Assets Trust Stock Up 1.7 %

Shares of American Assets Trust stock traded up $0.32 during trading hours on Thursday, hitting $19.16. 36,698 shares of the company's stock traded hands, compared to its average volume of 301,331. The stock has a 50 day simple moving average of $20.54 and a 200-day simple moving average of $24.42. American Assets Trust, Inc. has a twelve month low of $16.69 and a twelve month high of $29.15. The company has a market cap of $1.17 billion, a PE ratio of 21.53 and a beta of 1.12. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 1.80.

American Assets Trust (NYSE:AAT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 EPS for the quarter, topping the consensus estimate of $0.14 by $0.41. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. Equities research analysts anticipate that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a $0.34 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.36 dividend on an annualized basis and a yield of 7.10%. This is a boost from American Assets Trust's previous quarterly dividend of $0.34. American Assets Trust's dividend payout ratio (DPR) is currently 152.81%.

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.