Cubist Systematic Strategies LLC Acquires New Shares in American Assets Trust, Inc. (NYSE:AAT)

Cubist Systematic Strategies LLC purchased a new stake in American Assets Trust, Inc. (NYSE:AAT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 21,860 shares of the real estate investment trust's stock, valued at approximately $574,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wellington Management Group LLP lifted its position in American Assets Trust by 693.7% during the fourth quarter. Wellington Management Group LLP now owns 661,763 shares of the real estate investment trust's stock valued at $17,378,000 after purchasing an additional 578,386 shares during the last quarter. Norges Bank purchased a new stake in shares of American Assets Trust during the 4th quarter valued at $6,010,000. Northern Trust Corp lifted its holdings in shares of American Assets Trust by 16.0% during the 4th quarter. Northern Trust Corp now owns 856,868 shares of the real estate investment trust's stock worth $22,501,000 after acquiring an additional 118,315 shares during the last quarter. Renaissance Technologies LLC grew its position in American Assets Trust by 112.9% in the fourth quarter. Renaissance Technologies LLC now owns 195,200 shares of the real estate investment trust's stock worth $5,126,000 after acquiring an additional 103,500 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in American Assets Trust by 187.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 107,116 shares of the real estate investment trust's stock worth $2,813,000 after acquiring an additional 69,812 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

American Assets Trust Trading Down 1.6%

NYSE AAT traded down $0.32 during trading on Wednesday, hitting $19.55. 17,553 shares of the company's stock traded hands, compared to its average volume of 315,775. The stock has a fifty day moving average of $19.29 and a two-hundred day moving average of $23.08. American Assets Trust, Inc. has a 12-month low of $16.69 and a 12-month high of $29.15. The firm has a market cap of $1.20 billion, a P/E ratio of 21.95 and a beta of 1.13. The company has a debt-to-equity ratio of 1.80, a current ratio of 8.17 and a quick ratio of 8.17.

American Assets Trust (NYSE:AAT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.07. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. The business had revenue of $108.61 million for the quarter, compared to the consensus estimate of $112.05 million. As a group, sell-side analysts expect that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Announces Dividend

The company 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 dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 6.96%. The ex-dividend date is Thursday, June 5th. American Assets Trust's dividend payout ratio is currently 107.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Mizuho cut their price objective 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 target price on American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th.

American Assets Trust 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.