MQS Management LLC Purchases Shares of 16,086 American Assets Trust, Inc. (NYSE:AAT)

MQS Management LLC bought a new stake in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,086 shares of the real estate investment trust's stock, valued at approximately $324,000.

Several other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP lifted its stake in American Assets Trust by 693.7% in the fourth quarter. Wellington Management Group LLP now owns 661,763 shares of the real estate investment trust's stock worth $17,378,000 after purchasing an additional 578,386 shares during the last quarter. Norges Bank acquired a new position in shares of American Assets Trust during the fourth quarter valued at about $6,010,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in American Assets Trust during the 4th quarter valued at approximately $4,829,000. Northern Trust Corp grew its stake in American Assets Trust by 16.0% during the 4th quarter. Northern Trust Corp now owns 856,868 shares of the real estate investment trust's stock valued at $22,501,000 after purchasing an additional 118,315 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in American Assets Trust by 112.9% in the fourth quarter. Renaissance Technologies LLC now owns 195,200 shares of the real estate investment trust's stock valued at $5,126,000 after buying an additional 103,500 shares during the last quarter. 90.41% of the stock is owned by institutional investors.

American Assets Trust Trading Down 1.3%

Shares of NYSE AAT traded down $0.28 during trading on Wednesday, reaching $20.46. The stock had a trading volume of 364,282 shares, compared to its average volume of 345,077. The business's 50-day moving average price is $20.03 and its 200-day moving average price is $21.03. American Assets Trust, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $29.15. The company has a debt-to-equity ratio of 1.47, a quick ratio of 4.12 and a current ratio of 4.12. The company has a market cap of $1.25 billion, a P/E ratio of 16.11 and a beta of 1.15.

American Assets Trust (NYSE:AAT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.52 EPS for the quarter, beating the consensus estimate of $0.45 by $0.07. American Assets Trust had a net margin of 17.57% and a return on equity of 7.02%. The company had revenue of $108.61 million during the quarter, compared to analysts' expectations of $112.05 million. On average, equities research analysts predict that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 6.65%. The ex-dividend date of this dividend was Thursday, June 5th. American Assets Trust's dividend payout ratio (DPR) is presently 107.09%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AAT. Morgan Stanley cut their target price on shares of 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. Wall Street Zen cut shares of American Assets Trust from a "buy" rating to a "hold" rating in a research report on Saturday.

About American Assets Trust

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.