Martingale Asset Management L P Has $2.28 Million Stake in American Assets Trust, Inc. (NYSE:AAT)

Martingale Asset Management L P raised its stake in American Assets Trust, Inc. (NYSE:AAT) by 37.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 85,352 shares of the real estate investment trust’s stock after buying an additional 23,112 shares during the period. Martingale Asset Management L P owned about 0.14% of American Assets Trust worth $2,281,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale increased its position in American Assets Trust by 200.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 35,179 shares of the real estate investment trust’s stock valued at $763,000 after purchasing an additional 23,452 shares during the period. Janus Henderson Group PLC increased its position in shares of American Assets Trust by 633.0% during the first quarter. Janus Henderson Group PLC now owns 166,411 shares of the real estate investment trust’s stock worth $3,644,000 after buying an additional 143,707 shares during the period. Boston Partners bought a new position in American Assets Trust during the first quarter worth $807,000. Blue Trust Inc. lifted its holdings in American Assets Trust by 516.3% in the third quarter. Blue Trust Inc. now owns 5,775 shares of the real estate investment trust’s stock valued at $154,000 after buying an additional 4,838 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in American Assets Trust by 9.9% during the second quarter. Dimensional Fund Advisors LP now owns 779,127 shares of the real estate investment trust’s stock valued at $17,436,000 after acquiring an additional 69,985 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

American Assets Trust Price Performance

AAT stock opened at $28.44 on Friday. American Assets Trust, Inc. has a 1 year low of $19.63 and a 1 year high of $29.15. The stock has a market capitalization of $1.73 billion, a PE ratio of 31.25 and a beta of 1.29. The company’s 50-day moving average is $27.35 and its 200-day moving average is $25.11. The company has a debt-to-equity ratio of 1.86, a current ratio of 8.53 and a quick ratio of 8.53.

American Assets Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.335 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.34 annualized dividend and a dividend yield of 4.71%. American Assets Trust’s dividend payout ratio is 147.25%.

Wall Street Analyst Weigh In

AAT has been the subject of several research analyst reports. Mizuho lifted their price objective on American Assets Trust from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Morgan Stanley increased their price target on American Assets Trust from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th.

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.