Northern Trust Corp Buys 118,315 Shares of American Assets Trust, Inc. (NYSE:AAT)

Northern Trust Corp grew its position in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 16.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 856,868 shares of the real estate investment trust's stock after acquiring an additional 118,315 shares during the quarter. Northern Trust Corp owned 1.41% of American Assets Trust worth $22,501,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Tudor Investment Corp ET AL boosted its holdings in American Assets Trust by 2.4% during the fourth quarter. Tudor Investment Corp ET AL now owns 72,398 shares of the real estate investment trust's stock worth $1,901,000 after purchasing an additional 1,703 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of American Assets Trust by 17.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 123,324 shares of the real estate investment trust's stock worth $3,238,000 after buying an additional 17,930 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of American Assets Trust by 0.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,793,745 shares of the real estate investment trust's stock worth $47,104,000 after buying an additional 6,039 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of American Assets Trust by 9.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,379 shares of the real estate investment trust's stock valued at $903,000 after acquiring an additional 2,955 shares in the last quarter. Finally, Alpine Global Management LLC acquired a new stake in shares of American Assets Trust in the fourth quarter valued at about $292,000. 90.43% of the stock is owned by institutional investors.

American Assets Trust Stock Performance

Shares of AAT stock traded up $0.31 on Friday, reaching $19.96. The stock had a trading volume of 265,148 shares, compared to its average volume of 315,899. American Assets Trust, Inc. has a 12 month low of $16.69 and a 12 month high of $29.15. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 22.43 and a beta of 1.13. The firm's 50-day moving average is $19.30 and its two-hundred day moving average is $23.26. 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 released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.07. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. The firm had revenue of $108.61 million during the quarter, compared to analysts' expectations of $112.05 million. On average, research analysts expect that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date of this dividend is Thursday, June 5th. American Assets Trust's dividend payout ratio is 107.09%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Mizuho reduced their price target on American Assets Trust from $28.00 to $22.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Morgan Stanley cut their price objective 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 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.