Illinois Municipal Retirement Fund Decreases Stock Position in American Assets Trust, Inc. (NYSE:AAT)

Illinois Municipal Retirement Fund reduced its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,214 shares of the real estate investment trust’s stock after selling 708 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in American Assets Trust were worth $688,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Jane Street Group LLC grew its position in shares of 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 purchasing an additional 52,977 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in American Assets Trust by 14.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 584,529 shares of the real estate investment trust’s stock valued at $15,619,000 after buying an additional 72,579 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in American Assets Trust by 2.5% during 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 buying an additional 35,688 shares during the last quarter. Barclays PLC increased its position in 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 buying an additional 57,850 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of American Assets Trust in the third quarter worth $217,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Mizuho decreased their price objective on 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.

American Assets Trust Price Performance

American Assets Trust stock opened at $22.21 on Tuesday. The firm’s 50-day moving average is $24.01 and its two-hundred day moving average is $26.02. The company has a debt-to-equity ratio of 1.80, a current ratio of 8.17 and a quick ratio of 8.17. The stock has a market capitalization of $1.36 billion, a P/E ratio of 24.96 and a beta of 1.30. American Assets Trust, Inc. has a 12-month low of $20.03 and a 12-month high of $29.15.

American Assets Trust (NYSE:AAT) last announced its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping 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 year.

American Assets Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a $0.34 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.12%. This is an increase from American Assets Trust’s previous quarterly dividend of $0.34. American Assets Trust’s payout ratio is currently 152.81%.

American Assets Trust Profile

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.