Dimensional Fund Advisors LP boosted its position in shares of American Assets Trust, Inc. (NYSE:AAT) by 6.6% during the first quarter, Holdings Channel reports. The fund owned 486,671 shares of the real estate investment trust’s stock after buying an additional 30,115 shares during the period. Dimensional Fund Advisors LP’s holdings in American Assets Trust were worth $20,362,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. LS Investment Advisors LLC raised its stake in shares of American Assets Trust by 75.0% in the first quarter. LS Investment Advisors LLC now owns 2,531 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 1,085 shares during the last quarter. Elkfork Partners LLC raised its stake in shares of American Assets Trust by 10.8% in the first quarter. Elkfork Partners LLC now owns 2,884 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 280 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of American Assets Trust by 39.1% in the first quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 900 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of American Assets Trust during the first quarter worth $141,000. Finally, Meadow Creek Investment Management LLC raised its stake in shares of American Assets Trust by 10.8% in the first quarter. Meadow Creek Investment Management LLC now owns 3,502 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 99.84% of the company’s stock.

Shares of American Assets Trust, Inc. (NYSE AAT) traded up 0.17% during midday trading on Friday, hitting $40.12. 133,413 shares of the stock were exchanged. The firm has a 50 day moving average of $39.89 and a 200-day moving average of $41.38. The stock has a market cap of $1.89 billion, a P/E ratio of 60.97 and a beta of 0.52. American Assets Trust, Inc. has a 12 month low of $37.54 and a 12 month high of $46.02.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.01. The company had revenue of $77.11 million during the quarter. American Assets Trust had a return on equity of 3.94% and a net margin of 10.93%. Equities research analysts anticipate that American Assets Trust, Inc. will post $0.77 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Wednesday, September 13th. American Assets Trust’s dividend payout ratio is presently 157.58%.

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AAT has been the topic of a number of research reports. Zacks Investment Research raised shares of American Assets Trust from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Friday, July 14th. BidaskClub lowered shares of American Assets Trust from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Finally, TheStreet lowered shares of American Assets Trust from a “b-” rating to a “c+” rating in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. American Assets Trust presently has an average rating of “Hold” and an average price target of $46.00.

In related news, CEO Ernest S. Rady purchased 47,976 shares of American Assets Trust stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average price of $38.55 per share, with a total value of $1,849,474.80. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ernest S. Rady purchased 52,778 shares of American Assets Trust stock in a transaction that occurred on Wednesday, August 9th. The stock was bought at an average cost of $40.17 per share, for a total transaction of $2,120,092.26. The disclosure for this purchase can be found here. Insiders purchased a total of 589,947 shares of company stock worth $23,354,494 in the last ninety days. 34.15% of the stock is currently owned by insiders.

American Assets Trust Company Profile

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires and develops retail, office, multifamily and mixed-use properties in Southern California, Northern California, Oregon, Washington, Texas and Hawaii markets.

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Institutional Ownership by Quarter for American Assets Trust (NYSE:AAT)

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