Jefferies Financial Group Inc. Buys New Shares in American Assets Trust, Inc. (NYSE:AAT)

Jefferies Financial Group Inc. acquired a new position in American Assets Trust, Inc. (NYSE:AAT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 32,672 shares of the real estate investment trust's stock, valued at approximately $858,000. Jefferies Financial Group Inc. owned 0.05% of American Assets Trust at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Loomis Sayles & Co. L P purchased a new position in shares of American Assets Trust during the fourth quarter valued at approximately $44,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of American Assets Trust during the fourth quarter valued at approximately $63,000. Smartleaf Asset Management LLC lifted its holdings in shares of 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 valued at $64,000 after purchasing an additional 1,711 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of American Assets Trust by 62.7% during the fourth quarter. Federated Hermes Inc. now owns 2,827 shares of the real estate investment trust's stock valued at $74,000 after purchasing an additional 1,089 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of 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 valued at $84,000 after purchasing an additional 1,161 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of American Assets Trust from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Mizuho reduced their price target on shares of American Assets Trust from $28.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Finally, Morgan Stanley decreased their price objective 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.

American Assets Trust Stock Performance

AAT stock traded down $0.23 during trading on Friday, reaching $19.92. The stock had a trading volume of 667,761 shares, compared to its average volume of 317,773. American Assets Trust, Inc. has a 52 week low of $16.69 and a 52 week high of $29.15. The stock's 50 day moving average is $19.16 and its two-hundred day moving average is $22.63. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 1.80. The firm has a market cap of $1.22 billion, a PE ratio of 22.38 and a beta of 1.13.

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 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.07. The business had revenue of $108.61 million for the quarter, compared to analysts' expectations of $112.05 million. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. As a group, equities analysts anticipate that American Assets Trust, Inc. will post 1.94 earnings per share for the current year.

American Assets Trust Announces Dividend

The firm 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. This represents a $1.36 annualized dividend and a dividend yield of 6.83%. The ex-dividend date of this dividend is Thursday, June 5th. American Assets Trust's dividend payout ratio is presently 107.09%.

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.