Mercer Global Advisors Inc. ADV Buys Shares of 53,981 American Assets Trust, Inc. (NYSE:AAT)

Mercer Global Advisors Inc. ADV purchased a new stake in American Assets Trust, Inc. (NYSE:AAT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 53,981 shares of the real estate investment trust's stock, valued at approximately $1,418,000. Mercer Global Advisors Inc. ADV owned approximately 0.09% of American Assets Trust at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Wellington Management Group LLP increased its position in American Assets Trust by 693.7% during the fourth quarter. Wellington Management Group LLP now owns 661,763 shares of the real estate investment trust's stock worth $17,378,000 after purchasing an additional 578,386 shares during the last quarter. Norges Bank acquired a new stake in shares of American Assets Trust in the fourth quarter worth $6,010,000. Northern Trust Corp increased its position in shares of American Assets Trust by 16.0% in the fourth quarter. Northern Trust Corp now owns 856,868 shares of the real estate investment trust's stock worth $22,501,000 after acquiring an additional 118,315 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of American Assets Trust by 112.9% in the fourth quarter. Renaissance Technologies LLC now owns 195,200 shares of the real estate investment trust's stock worth $5,126,000 after acquiring an additional 103,500 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of American Assets Trust by 14.2% in the third quarter. JPMorgan Chase & Co. now owns 584,529 shares of the real estate investment trust's stock worth $15,619,000 after acquiring an additional 72,579 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Mizuho reduced their price objective on shares of American Assets Trust from $28.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th.

American Assets Trust Stock Performance

Shares of American Assets Trust stock traded down $0.07 during trading hours on Tuesday, reaching $19.48. The company's stock had a trading volume of 308,845 shares, compared to its average volume of 396,413. 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, Inc. has a one year low of $16.69 and a one year high of $29.15. The company's 50 day simple moving average is $19.40 and its 200 day simple moving average is $23.37. The stock has a market cap of $1.19 billion, a P/E ratio of 21.89 and a beta of 1.13.

American Assets Trust (NYSE:AAT - Get Free Report) last released its quarterly earnings data 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 business had revenue of $108.61 million for the quarter, compared to analysts' expectations of $112.05 million. As a group, analysts expect that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.34 per share. The ex-dividend date is Thursday, June 5th. This represents a $1.36 annualized dividend and a yield of 6.98%. American Assets Trust's payout ratio is 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.