Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Purchases 3,671 Shares of American Assets Trust, Inc. (NYSE:AAT)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of American Assets Trust, Inc. (NYSE:AAT) by 13.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,872 shares of the real estate investment trust’s stock after acquiring an additional 3,671 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned about 0.05% of American Assets Trust worth $593,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AAT. BlackRock Inc. raised its position in shares of American Assets Trust by 5.6% in the 1st quarter. BlackRock Inc. now owns 11,476,222 shares of the real estate investment trust’s stock valued at $213,343,000 after purchasing an additional 609,764 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of American Assets Trust by 3.8% in the third quarter. Vanguard Group Inc. now owns 8,388,060 shares of the real estate investment trust’s stock worth $215,741,000 after buying an additional 310,320 shares during the last quarter. State Street Corp lifted its stake in shares of American Assets Trust by 0.5% during the second quarter. State Street Corp now owns 3,170,762 shares of the real estate investment trust’s stock worth $94,172,000 after buying an additional 16,207 shares during the period. Balyasny Asset Management L.P. grew its holdings in shares of American Assets Trust by 407.9% during the first quarter. Balyasny Asset Management L.P. now owns 1,382,781 shares of the real estate investment trust’s stock valued at $25,706,000 after buying an additional 1,110,530 shares during the last quarter. Finally, LSV Asset Management increased its position in shares of American Assets Trust by 20.9% in the 2nd quarter. LSV Asset Management now owns 1,319,606 shares of the real estate investment trust’s stock valued at $25,336,000 after acquiring an additional 228,566 shares during the period. Hedge funds and other institutional investors own 89.44% of the company’s stock.

American Assets Trust Stock Performance

NYSE:AAT opened at $19.10 on Tuesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.63 and a current ratio of 2.63. The stock has a market capitalization of $1.16 billion, a PE ratio of 23.01 and a beta of 1.18. American Assets Trust, Inc. has a fifty-two week low of $16.04 and a fifty-two week high of $29.73. The company has a fifty day moving average of $18.92 and a two-hundred day moving average of $19.85.

American Assets Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date of this dividend is Wednesday, December 6th. American Assets Trust’s dividend payout ratio (DPR) is 159.04%.

Wall Street Analyst Weigh In

AAT has been the subject of several research analyst reports. Mizuho reduced their price objective on American Assets Trust from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, September 18th. StockNews.com initiated coverage on shares of American Assets Trust in a report on Thursday, October 5th. They issued a “hold” rating on the stock.

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.