Norges Bank acquired a new stake in American Assets Trust, Inc (NYSE:AAT) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 586,433 shares of the real estate investment trust’s stock, valued at approximately $23,557,000. Norges Bank owned 1.24% of American Assets Trust at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AAT. Weiss Multi Strategy Advisers LLC grew its position in American Assets Trust by 49.6% during the 4th quarter. Weiss Multi Strategy Advisers LLC now owns 709,940 shares of the real estate investment trust’s stock worth $28,518,000 after acquiring an additional 235,440 shares during the last quarter. Monarch Partners Asset Management LLC grew its position in American Assets Trust by 219.3% during the 4th quarter. Monarch Partners Asset Management LLC now owns 218,988 shares of the real estate investment trust’s stock worth $8,797,000 after acquiring an additional 150,398 shares during the last quarter. BlackRock Inc. grew its position in American Assets Trust by 2.2% during the 4th quarter. BlackRock Inc. now owns 6,641,382 shares of the real estate investment trust’s stock worth $266,783,000 after acquiring an additional 142,551 shares during the last quarter. Martingale Asset Management L P grew its position in American Assets Trust by 227.8% during the 4th quarter. Martingale Asset Management L P now owns 174,148 shares of the real estate investment trust’s stock worth $6,997,000 after acquiring an additional 121,022 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in American Assets Trust by 26.0% during the 4th quarter. Geode Capital Management LLC now owns 539,217 shares of the real estate investment trust’s stock worth $21,660,000 after acquiring an additional 111,339 shares during the last quarter. Institutional investors and hedge funds own 97.11% of the company’s stock.

NYSE:AAT opened at $44.76 on Monday. American Assets Trust, Inc has a 52-week low of $32.25 and a 52-week high of $46.86. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.28 and a current ratio of 2.28. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 3.18 and a beta of 0.38.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings data on Tuesday, February 12th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. American Assets Trust had a return on equity of 2.41% and a net margin of 5.95%. The firm had revenue of $82.61 million for the quarter. On average, analysts expect that American Assets Trust, Inc will post 2.23 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Wednesday, March 13th. American Assets Trust’s dividend payout ratio is 53.59%.

A number of equities research analysts recently commented on the company. Zacks Investment Research lowered American Assets Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, February 20th. Wells Fargo & Co restated a “buy” rating on shares of American Assets Trust in a research report on Thursday, March 7th. Finally, Mizuho restated a “buy” rating and set a $44.00 price target on shares of American Assets Trust in a research report on Tuesday, January 8th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. American Assets Trust presently has a consensus rating of “Buy” and a consensus target price of $46.00.

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About American Assets Trust

American Assets Trust, Inc (the “company”) is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier retail, office 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, Oregon, Washington, Texas and Hawaii.

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

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