Segall Bryant & Hamill LLC Makes New Investment in American Assets Trust, Inc. (NYSE:AAT)

Segall Bryant & Hamill LLC bought a new position in shares of American Assets Trust, Inc. (NYSE:AAT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 57,160 shares of the real estate investment trust’s stock, valued at approximately $1,501,000. Segall Bryant & Hamill LLC owned approximately 0.09% of American Assets Trust as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AAT. Quarry LP increased its holdings in American Assets Trust by 131.3% during the third 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 grew its position in shares of American Assets Trust by 227.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,463 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 1,711 shares during the period. KBC Group NV raised its holdings in shares of American Assets Trust by 56.5% in the 4th quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 1,161 shares during the period. Vestcor Inc purchased a new position in American Assets Trust in the third quarter valued at approximately $103,000. Finally, Verition Fund Management LLC bought a new position in American Assets Trust during the third quarter valued at $217,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analyst Ratings Changes

Separately, Mizuho lowered their target price 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

AAT opened at $20.01 on Friday. The firm 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 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. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 22.49 and a beta of 1.33.

American Assets Trust (NYSE:AAT) last released its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.55 earnings per share 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 expect that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a dividend of $0.34 per share. This is a boost 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 yield of 6.80%. American Assets Trust’s dividend payout ratio is 152.81%.

American Assets Trust Company 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.