Renaissance Technologies LLC Buys 103,500 Shares of American Assets Trust, Inc. (NYSE:AAT)

Renaissance Technologies LLC grew its position in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 112.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 195,200 shares of the real estate investment trust's stock after acquiring an additional 103,500 shares during the quarter. Renaissance Technologies LLC owned 0.32% of American Assets Trust worth $5,126,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Loomis Sayles & Co. L P acquired a new stake in American Assets Trust in the 4th quarter valued at $44,000. Smartleaf Asset Management LLC grew its holdings in shares of American Assets Trust by 227.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,463 shares of the real estate investment trust's stock valued at $64,000 after acquiring an additional 1,711 shares in the last quarter. Federated Hermes Inc. increased its position in shares of American Assets Trust by 62.7% in the fourth quarter. Federated Hermes Inc. now owns 2,827 shares of the real estate investment trust's stock valued at $74,000 after acquiring an additional 1,089 shares during the last quarter. KBC Group NV raised its holdings 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 in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in American Assets Trust during the fourth quarter valued at approximately $231,000. 90.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Mizuho dropped 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. Morgan Stanley dropped their target price 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.

American Assets Trust Stock Performance

American Assets Trust stock traded down $0.01 during trading hours on Friday, hitting $18.64. The company had a trading volume of 74,658 shares, compared to its average volume of 306,403. The firm has a 50-day moving average of $20.12 and a 200 day moving average of $24.11. 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 firm has a market cap of $1.14 billion, a PE ratio of 20.94 and a beta of 1.12. American Assets Trust, Inc. has a one year low of $16.69 and a one year high of $29.15.

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

American Assets Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 7.30%. This is a positive change from American Assets Trust's previous quarterly dividend of $0.34. The ex-dividend date was Thursday, March 6th. 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.