Raymond James Financial Inc. Acquires New Shares in American Assets Trust, Inc. (NYSE:AAT)

Raymond James Financial Inc. purchased 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 purchased 64,841 shares of the real estate investment trust's stock, valued at approximately $1,703,000. Raymond James Financial Inc. owned 0.11% of American Assets Trust at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC raised its position in shares of American Assets Trust by 110.5% during the third quarter. Barclays PLC now owns 110,220 shares of the real estate investment trust's stock worth $2,946,000 after purchasing an additional 57,850 shares during the period. Tidal Investments LLC increased its holdings in American Assets Trust by 4.3% during the third quarter. Tidal Investments LLC now owns 32,393 shares of the real estate investment trust's stock worth $866,000 after buying an additional 1,341 shares during the last quarter. JPMorgan Chase & Co. increased its holdings 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 valued at $15,619,000 after purchasing an additional 72,579 shares during the last quarter. Diversified Trust Co bought a new stake in shares of American Assets Trust in the fourth quarter valued at about $253,000. Finally, Ritholtz Wealth Management raised its stake in American Assets Trust by 21.6% in the fourth quarter. Ritholtz Wealth Management now owns 97,281 shares of the real estate investment trust's stock valued at $2,555,000 after purchasing an additional 17,254 shares in the last quarter. Institutional investors own 90.43% of the company's stock.

Wall Street Analysts Forecast Growth

AAT has been the subject of several recent research reports. Mizuho lowered their price objective on American Assets Trust from $28.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Morgan Stanley cut their target price on American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th.

American Assets Trust Stock Up 1.4 %

Shares of AAT traded up $0.26 during trading hours on Friday, reaching $19.09. 410,420 shares of the stock traded hands, compared to its average volume of 312,362. 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. The stock has a fifty day simple moving average of $19.75 and a 200 day simple moving average of $23.72. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 21.45 and a beta of 1.12.

American Assets Trust (NYSE:AAT - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $108.61 million during the quarter, compared to the consensus estimate of $112.05 million. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. On average, equities analysts forecast that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Announces Dividend

The company 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 7.12%. The ex-dividend date is Thursday, June 5th. American Assets Trust's dividend payout ratio (DPR) is 107.09%.

About American Assets Trust

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.