38,984 Shares in American Assets Trust, Inc. (NYSE:AAT) Purchased by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP has acquired 38,984 shares of American Assets Trust, Inc. (NYSE:AAT) valued at approximately $785,000, boosting its ownership to 0.06% of the company.
• The stock has recently been rated as a "hold" by Wall Street Zen and its target price reduced from $24.00 to $20.00 by Morgan Stanley.
• American Assets Trust announced a quarterly dividend of $0.34, yielding 7.3% with a dividend payout ratio of 107.09% expected.

GSA Capital Partners LLP acquired a new position in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,984 shares of the real estate investment trust's stock, valued at approximately $785,000. GSA Capital Partners LLP owned 0.06% of American Assets Trust as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AAT. Point72 Asia Singapore Pte. Ltd. bought a new stake in American Assets Trust during the fourth quarter worth about $63,000. Federated Hermes Inc. lifted its position in American Assets Trust by 62.7% during the fourth quarter. Federated Hermes Inc. now owns 2,827 shares of the real estate investment trust's stock worth $74,000 after purchasing an additional 1,089 shares during the period. State of Wyoming bought a new stake in American Assets Trust during the fourth quarter worth about $101,000. Retirement Planning Co of New England Inc. lifted its position in American Assets Trust by 20.9% during the first quarter. Retirement Planning Co of New England Inc. now owns 10,600 shares of the real estate investment trust's stock worth $213,000 after purchasing an additional 1,830 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in American Assets Trust during the fourth quarter worth about $231,000. Institutional investors own 90.41% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on AAT. Wall Street Zen cut shares of American Assets Trust from a "buy" rating to a "hold" rating in a research report on Saturday. Morgan Stanley dropped their target price on shares of American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th.

American Assets Trust Stock Down 1.8%

AAT stock opened at $18.70 on Friday. The stock has a market capitalization of $1.14 billion, a P/E ratio of 16.12 and a beta of 1.17. The company has a current ratio of 3.55, a quick ratio of 4.12 and a debt-to-equity ratio of 1.50. American Assets Trust, Inc. has a 12 month low of $16.69 and a 12 month high of $29.15. The firm has a 50-day moving average price of $20.12 and a 200-day moving average price of $20.59.

American Assets Trust (NYSE:AAT - Get Free Report) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.03. The firm had revenue of $107.93 million during the quarter, compared to analysts' expectations of $107.75 million. American Assets Trust had a net margin of 16.26% and a return on equity of 6.47%. As a group, equities research analysts anticipate that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Thursday, September 4th. American Assets Trust's dividend payout ratio (DPR) is 107.09%.

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.

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