Loomis Sayles & Co. L P Takes $44,000 Position in American Assets Trust, Inc. (NYSE:AAT)

Loomis Sayles & Co. L P bought a new position in American Assets Trust, Inc. (NYSE:AAT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,681 shares of the real estate investment trust’s stock, valued at approximately $44,000.

Other hedge funds also recently bought and sold shares of the company. Quarry LP grew its position in shares of American Assets Trust by 131.3% in the 3rd quarter. Quarry LP now owns 2,163 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 1,228 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in American Assets Trust by 227.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,463 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 1,711 shares during the period. KBC Group NV boosted its holdings in American Assets Trust by 56.5% in the fourth quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust’s stock valued at $84,000 after acquiring an additional 1,161 shares in the last quarter. Vestcor Inc bought a new stake in American Assets Trust in the third quarter valued at $103,000. Finally, Verition Fund Management LLC purchased a new position in American Assets Trust during the 3rd quarter valued at $217,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

American Assets Trust Trading Up 0.4 %

NYSE AAT opened at $20.13 on Tuesday. The firm has a market capitalization of $1.23 billion, a PE ratio of 22.62 and a beta of 1.33. The stock’s 50 day moving average is $22.03 and its 200 day moving average is $25.18. American Assets Trust, Inc. has a twelve month low of $19.56 and a twelve month high of $29.15. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 1.80.

American Assets Trust (NYSE:AAT) last announced its 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%. Research analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.34 per share. This is an increase from American Assets Trust’s previous quarterly dividend of $0.34. The ex-dividend date was Thursday, March 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.76%. American Assets Trust’s dividend payout ratio (DPR) is currently 152.81%.

Wall Street Analyst Weigh In

Separately, Mizuho cut their target price 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.

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.