Allianz Asset Management GmbH Buys 151,541 Shares of American Assets Trust, Inc. (NYSE:AAT)

Allianz Asset Management GmbH boosted its holdings in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 20.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 893,652 shares of the real estate investment trust's stock after acquiring an additional 151,541 shares during the quarter. Allianz Asset Management GmbH owned 1.46% of American Assets Trust worth $17,998,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in shares of American Assets Trust by 693.7% during the 4th quarter. Wellington Management Group LLP now owns 661,763 shares of the real estate investment trust's stock valued at $17,378,000 after purchasing an additional 578,386 shares during the last quarter. Norges Bank bought a new position in shares of American Assets Trust during the 4th quarter valued at about $6,010,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of American Assets Trust during the 4th quarter valued at about $4,829,000. Northern Trust Corp increased its position in shares of 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 increased its position in shares of American Assets Trust by 112.9% during the 4th quarter. Renaissance Technologies LLC now owns 195,200 shares of the real estate investment trust's stock valued at $5,126,000 after purchasing an additional 103,500 shares during the last quarter. 90.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on AAT. Morgan Stanley dropped 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. Wall Street Zen upgraded American Assets Trust from a "hold" rating to a "buy" rating in a report on Sunday, July 20th.

American Assets Trust Stock Down 1.3%

Shares of AAT traded down $0.26 on Monday, reaching $20.10. The stock had a trading volume of 25,671 shares, compared to its average volume of 418,609. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 15.84 and a beta of 1.15. 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 50-day simple moving average of $20.13 and a 200-day simple moving average of $20.70. American Assets Trust, Inc. has a 12-month low of $16.69 and a 12-month high of $29.15.

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

American Assets Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date was Thursday, June 5th. American Assets Trust's 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.