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

Northern Trust Corp grew its holdings in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 16.0% in the fourth quarter, according to its most recent filing with the SEC. The firm 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 about 1.41% of American Assets Trust worth $22,501,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. New York State Common Retirement Fund lifted its holdings in shares of American Assets Trust by 6.1% in the fourth quarter. New York State Common Retirement Fund now owns 17,831 shares of the real estate investment trust's stock valued at $468,000 after buying an additional 1,019 shares during the period. One Wealth Advisors LLC lifted its holdings in shares of American Assets Trust by 7.9% in the fourth quarter. One Wealth Advisors LLC now owns 13,949 shares of the real estate investment trust's stock valued at $366,000 after buying an additional 1,023 shares during the period. Federated Hermes Inc. lifted its holdings 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 buying an additional 1,089 shares during the period. KBC Group NV lifted its holdings in shares of American Assets Trust by 56.5% in the fourth quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust's stock valued at $84,000 after buying an additional 1,161 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in shares of American Assets Trust by 8.1% in the fourth quarter. Sterling Capital Management LLC now owns 18,225 shares of the real estate investment trust's stock valued at $479,000 after buying an additional 1,368 shares during the period. Institutional investors and hedge funds own 90.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AAT shares. Mizuho cut their price objective on American Assets Trust from $28.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Morgan Stanley reduced 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 Stock Up 1.6%

NYSE:AAT traded up $0.31 during trading hours on Friday, hitting $19.96. 265,148 shares of the company's stock traded hands, compared to its average volume of 316,321. The firm has a market cap of $1.22 billion, a P/E ratio of 22.43 and a beta of 1.13. American Assets Trust, Inc. has a twelve month low of $16.69 and a twelve month high of $29.15. The company has a debt-to-equity ratio of 1.80, a quick ratio of 8.17 and a current ratio of 8.17. The stock's fifty day moving average price is $19.29 and its two-hundred day moving average price is $23.15.

American Assets Trust (NYSE:AAT - Get Free Report) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.07. American Assets Trust had a return on equity of 4.98% and a net margin of 12.40%. The company had revenue of $108.61 million for the quarter, compared to analyst estimates of $112.05 million. On average, research analysts expect that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.34 per share. The ex-dividend date is Thursday, June 5th. This represents a $1.36 annualized dividend and a dividend yield of 6.81%. American Assets Trust's dividend payout ratio (DPR) is presently 107.09%.

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.