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

Jefferies Financial Group Inc. acquired a new stake in American Assets Trust, Inc. (NYSE:AAT - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 32,672 shares of the real estate investment trust's stock, valued at approximately $858,000. Jefferies Financial Group Inc. owned about 0.05% of American Assets Trust at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Graham Capital Management L.P. purchased a new stake in shares of American Assets Trust in the fourth quarter valued at about $441,000. Deutsche Bank AG lifted its position in American Assets Trust by 20.5% in the fourth quarter. Deutsche Bank AG now owns 76,529 shares of the real estate investment trust's stock valued at $2,010,000 after purchasing an additional 13,025 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in American Assets Trust in the 4th quarter valued at approximately $574,000. Bridgeway Capital Management LLC acquired a new position in American Assets Trust during the 4th quarter worth approximately $948,000. Finally, Brevan Howard Capital Management LP raised its stake in shares of American Assets Trust by 69.8% during the 4th quarter. Brevan Howard Capital Management LP now owns 13,808 shares of the real estate investment trust's stock worth $363,000 after buying an additional 5,676 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Mizuho dropped their price objective on American Assets Trust from $28.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Morgan Stanley lowered their price target 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 Price Performance

AAT traded up $0.20 during midday trading on Monday, reaching $20.14. 347,097 shares of the company's stock were exchanged, compared to its average volume of 316,444. American Assets Trust, Inc. has a 1-year low of $16.69 and a 1-year high of $29.15. The stock has a market capitalization of $1.23 billion, a PE ratio of 22.63 and a beta of 1.13. The company has a debt-to-equity ratio of 1.80, a current ratio of 8.17 and a quick ratio of 8.17. The business's 50-day moving average price is $19.29 and its 200 day moving average price is $23.15.

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, beating the consensus estimate of $0.45 by $0.07. The company had revenue of $108.61 million during the quarter, compared to the consensus estimate of $112.05 million. American Assets Trust had a return on equity of 4.98% and a net margin of 12.40%. As a group, equities analysts anticipate that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 6.75%. The ex-dividend date is Thursday, June 5th. American Assets Trust's dividend payout ratio (DPR) 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.