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

Allianz Asset Management GmbH lifted its stake in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 20.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 893,652 shares of the real estate investment trust's stock after purchasing an additional 151,541 shares during the quarter. Allianz Asset Management GmbH owned 1.46% of American Assets Trust worth $17,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of American Assets Trust by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,250 shares of the real estate investment trust's stock valued at $716,000 after buying an additional 971 shares in the last quarter. Federated Hermes Inc. raised its position 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 buying an additional 1,089 shares during the last quarter. Sterling Capital Management LLC grew its position in American Assets Trust by 8.1% during the fourth quarter. Sterling Capital Management LLC now owns 18,225 shares of the real estate investment trust's stock worth $479,000 after buying an additional 1,368 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in American Assets Trust in the 4th quarter valued at approximately $44,000. Finally, MetLife Investment Management LLC raised its stake in shares of American Assets Trust by 5.9% in the 4th quarter. MetLife Investment Management LLC now owns 30,503 shares of the real estate investment trust's stock valued at $801,000 after buying an additional 1,700 shares in the last quarter. Hedge funds and other institutional investors own 90.41% of the company's stock.

American Assets Trust Trading Up 1.5%

Shares of NYSE:AAT traded up $0.29 during trading on Friday, hitting $20.33. 260,698 shares of the company's stock were exchanged, compared to its average volume of 524,084. The firm has a 50-day moving average price of $20.12 and a two-hundred day moving average price of $20.78. American Assets Trust, Inc. has a 1-year low of $16.69 and a 1-year high of $29.15. The firm has a market cap of $1.24 billion, a P/E ratio of 16.01 and a beta of 1.15. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 1.47.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.07. The firm had revenue of $108.61 million for 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%. Equities analysts predict 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 disclosed a quarterly dividend, which was paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 6.69%. The ex-dividend date was Thursday, June 5th. American Assets Trust's dividend payout ratio (DPR) is presently 107.09%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AAT shares. Wall Street Zen upgraded American Assets Trust from a "hold" rating to a "buy" rating in a research report on Sunday, July 20th. Morgan Stanley lowered their target price on American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating for the company in a research note 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.