Segall Bryant & Hamill LLC Purchases Shares of 57,160 American Assets Trust, Inc. (NYSE:AAT)

Segall Bryant & Hamill LLC purchased a new position in American Assets Trust, Inc. (NYSE:AAT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 57,160 shares of the real estate investment trust’s stock, valued at approximately $1,501,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AAT. Integrated Wealth Concepts LLC increased its stake in American Assets Trust by 2.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 17,076 shares of the real estate investment trust’s stock worth $456,000 after acquiring an additional 388 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of American Assets Trust by 3.0% in the third quarter. Daiwa Securities Group Inc. now owns 15,504 shares of the real estate investment trust’s stock worth $414,000 after purchasing an additional 446 shares during the last quarter. Intech Investment Management LLC increased its position in shares of American Assets Trust by 5.1% in the third quarter. Intech Investment Management LLC now owns 11,893 shares of the real estate investment trust’s stock worth $318,000 after purchasing an additional 582 shares during the last quarter. New York State Common Retirement Fund raised its stake in American Assets Trust by 6.1% in the fourth quarter. New York State Common Retirement Fund now owns 17,831 shares of the real estate investment trust’s stock valued at $468,000 after purchasing an additional 1,019 shares in the last quarter. Finally, One Wealth Advisors LLC lifted its position in American Assets Trust by 7.9% during the fourth quarter. One Wealth Advisors LLC now owns 13,949 shares of the real estate investment trust’s stock valued at $366,000 after purchasing an additional 1,023 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Mizuho decreased their price target on shares of American Assets Trust from $28.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th.

American Assets Trust Price Performance

AAT opened at $20.01 on Friday. 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 market capitalization of $1.22 billion, a P/E ratio of 22.49 and a beta of 1.33. The stock has a 50-day moving average price of $22.12 and a 200-day moving average price of $25.24. American Assets Trust, Inc. has a 12-month low of $19.56 and a 12-month high of $29.15.

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

American Assets Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.34 dividend. The ex-dividend date was Thursday, March 6th. This is an increase from American Assets Trust’s previous quarterly dividend of $0.34. This represents a $1.36 annualized dividend and a yield of 6.80%. American Assets Trust’s payout ratio is currently 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.