Vestcor Inc Has $1.17 Million Stock Holdings in American Assets Trust, Inc. (NYSE:AAT)

Vestcor Inc increased its position in American Assets Trust, Inc. (NYSE:AAT) by 1,051.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,396 shares of the real estate investment trust’s stock after purchasing an additional 40,541 shares during the quarter. Vestcor Inc’s holdings in American Assets Trust were worth $1,166,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AAT. Jane Street Group LLC raised its stake in American Assets Trust by 142.8% in the third quarter. Jane Street Group LLC now owns 90,078 shares of the real estate investment trust’s stock valued at $2,407,000 after buying an additional 52,977 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of American Assets Trust by 14.2% during the 3rd 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 during the last quarter. Charles Schwab Investment Management Inc. raised its stake in American Assets Trust by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,474,684 shares of the real estate investment trust’s stock valued at $39,404,000 after acquiring an additional 35,688 shares during the period. Barclays PLC lifted its holdings in American Assets Trust by 110.5% during the 3rd quarter. Barclays PLC now owns 110,220 shares of the real estate investment trust’s stock valued at $2,946,000 after purchasing an additional 57,850 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in American Assets Trust during the third quarter worth $217,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Mizuho dropped 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 report on Tuesday, February 25th.

American Assets Trust Price Performance

American Assets Trust stock opened at $20.10 on Friday. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 22.58 and a beta of 1.33. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 1.80. American Assets Trust, Inc. has a 12 month low of $19.56 and a 12 month high of $29.15. The stock’s 50 day moving average is $22.97 and its 200-day moving average is $25.67.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.41. American Assets Trust had a return on equity of 4.98% and a net margin of 12.40%. Equities research analysts expect that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a $0.34 dividend. This is a boost from American Assets Trust’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.36 annualized dividend and a yield of 6.77%. American Assets Trust’s payout ratio is 152.81%.

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.