Public Employees Retirement System of Ohio Invests $1.79 Million in American Assets Trust, Inc. (NYSE:AAT)

Public Employees Retirement System of Ohio acquired a new position in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 68,235 shares of the real estate investment trust's stock, valued at approximately $1,792,000. Public Employees Retirement System of Ohio owned about 0.11% of American Assets Trust at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AAT. Barclays PLC raised its holdings in shares of American Assets Trust by 110.5% in the third quarter. Barclays PLC now owns 110,220 shares of the real estate investment trust's stock valued at $2,946,000 after buying an additional 57,850 shares during the last quarter. Amundi raised its holdings in shares of American Assets Trust by 40.4% in the fourth quarter. Amundi now owns 50,464 shares of the real estate investment trust's stock valued at $1,229,000 after buying an additional 14,527 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of American Assets Trust in the fourth quarter valued at about $1,703,000. Norges Bank purchased a new stake in shares of American Assets Trust in the fourth quarter valued at about $6,010,000. Finally, Thrivent Financial for Lutherans raised its holdings in shares of American Assets Trust by 187.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 107,116 shares of the real estate investment trust's stock valued at $2,813,000 after buying an additional 69,812 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on AAT. Mizuho reduced their target price on shares of American Assets Trust from $28.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Morgan Stanley reduced 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. Finally, Wall Street Zen raised shares of American Assets Trust from a "hold" rating to a "buy" rating in a report on Saturday, May 24th.

American Assets Trust Trading Down 2.9%

NYSE AAT traded down $0.59 during mid-day trading on Thursday, reaching $19.65. 295,934 shares of the stock were exchanged, compared to its average volume of 321,320. American Assets Trust, Inc. has a 1-year low of $16.69 and a 1-year high of $29.15. The business's fifty day simple moving average is $19.15 and its 200 day simple moving average is $22.47. The stock has a market capitalization of $1.20 billion, a PE ratio of 22.08 and a beta of 1.13. The company has a debt-to-equity ratio of 1.80, a quick ratio of 8.17 and a current ratio of 8.17.

American Assets Trust (NYSE:AAT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.07. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. The company had revenue of $108.61 million for the quarter, compared to the consensus estimate of $112.05 million. On average, research analysts anticipate that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 6.92%. The ex-dividend date is Thursday, June 5th. American Assets Trust's dividend payout ratio is currently 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.