36,100 Shares in American Assets Trust, Inc. (NYSE:AAT) Purchased by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC bought a new stake in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 36,100 shares of the real estate investment trust's stock, valued at approximately $948,000. Bridgeway Capital Management LLC owned approximately 0.06% of American Assets Trust as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. New York State Common Retirement Fund increased its stake in American Assets Trust by 6.1% in the 4th quarter. New York State Common Retirement Fund now owns 17,831 shares of the real estate investment trust's stock worth $468,000 after acquiring an additional 1,019 shares during the last quarter. One Wealth Advisors LLC lifted its holdings in shares of American Assets Trust by 7.9% in the 4th quarter. One Wealth Advisors LLC now owns 13,949 shares of the real estate investment trust's stock valued at $366,000 after acquiring an additional 1,023 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of American Assets Trust by 62.7% in the 4th quarter. Federated Hermes Inc. now owns 2,827 shares of the real estate investment trust's stock valued at $74,000 after acquiring an additional 1,089 shares during the last quarter. KBC Group NV increased its stake in American Assets Trust by 56.5% during the fourth quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust's stock worth $84,000 after acquiring an additional 1,161 shares during the last quarter. Finally, Sterling Capital Management LLC increased its stake in American Assets Trust by 8.1% during the fourth quarter. Sterling Capital Management LLC now owns 18,225 shares of the real estate investment trust's stock worth $479,000 after acquiring an additional 1,368 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AAT. Mizuho dropped their target price on American Assets Trust from $28.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Morgan Stanley dropped their price objective on shares of American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th.

American Assets Trust Trading Down 0.6%

American Assets Trust stock traded down $0.12 during midday trading on Wednesday, reaching $19.38. The stock had a trading volume of 336,234 shares, compared to its average volume of 315,407. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 1.80. American Assets Trust, Inc. has a 52-week low of $16.69 and a 52-week high of $29.15. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 21.78 and a beta of 1.13. The company has a fifty day moving average of $19.32 and a 200 day moving average of $23.31.

American Assets Trust (NYSE:AAT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.07. The company had revenue of $108.61 million for the quarter, compared to analyst estimates of $112.05 million. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. On average, analysts anticipate that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 7.02%. The ex-dividend date of this dividend is Thursday, June 5th. American Assets Trust's dividend payout ratio (DPR) is presently 107.09%.

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.