Millennium Management LLC Purchases 63,023 Shares of American Assets Trust, Inc. (NYSE:AAT)

Millennium Management LLC grew its stake in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 22.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 346,167 shares of the real estate investment trust's stock after purchasing an additional 63,023 shares during the quarter. Millennium Management LLC owned about 0.57% of American Assets Trust worth $9,090,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. increased its holdings in shares of American Assets Trust by 0.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,793,745 shares of the real estate investment trust's stock worth $47,104,000 after acquiring an additional 6,039 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in American Assets Trust by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,483,021 shares of the real estate investment trust's stock valued at $38,944,000 after acquiring an additional 8,337 shares during the period. Northern Trust Corp lifted its stake 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 worth $22,501,000 after buying an additional 118,315 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of American Assets Trust by 8.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 728,386 shares of the real estate investment trust's stock worth $19,127,000 after acquiring an additional 55,762 shares during the period. Finally, Wellington Management Group LLP boosted its stake in American Assets Trust by 693.7% in 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 period. Institutional investors own 90.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on AAT. Wall Street Zen upgraded American Assets Trust from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Mizuho lowered their target price 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. Finally, Morgan Stanley reduced their price objective on shares of American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th.

American Assets Trust Stock Performance

Shares of AAT stock traded down $0.11 during trading on Friday, hitting $20.05. The company's stock had a trading volume of 21,849 shares, compared to its average volume of 388,548. The business has a fifty day moving average of $19.17 and a 200-day moving average of $22.72. The company has a market cap of $1.23 billion, a PE ratio of 22.52 and a beta of 1.13. American Assets Trust, Inc. has a 52 week low of $16.69 and a 52 week high of $29.15. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 1.80.

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, topping analysts' consensus estimates 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 analysts' expectations of $112.05 million. As a group, research analysts anticipate that American Assets Trust, Inc. will post 1.94 earnings per share for the current year.

American Assets Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.78%. American Assets Trust's dividend payout ratio 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.