38,984 Shares in American Assets Trust, Inc. (NYSE:AAT) Acquired 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 stake in American Assets Trust, Inc. (NYSE:AAT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. boosted its holdings in shares of American Assets Trust by 0.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,793,745 shares of the real estate investment trust's stock valued at $47,104,000 after acquiring an additional 6,039 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of American Assets Trust by 20.4% in the first quarter. Allianz Asset Management GmbH now owns 893,652 shares of the real estate investment trust's stock valued at $17,998,000 after acquiring an additional 151,541 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of American Assets Trust by 16.0% in the fourth quarter. Northern Trust Corp now owns 856,868 shares of the real estate investment trust's stock valued at $22,501,000 after acquiring an additional 118,315 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of American Assets Trust by 8.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 728,386 shares of the real estate investment trust's stock valued at $19,127,000 after acquiring an additional 55,762 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of American Assets Trust by 693.7% in 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 acquiring an additional 578,386 shares in the last quarter. 90.41% of the stock is currently owned by institutional investors and hedge funds.

American Assets Trust Price Performance

AAT traded up $0.02 on Wednesday, hitting $19.18. 175,491 shares of the company were exchanged, compared to its average volume of 425,270. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.12 and a current ratio of 3.55. The business's fifty day moving average is $20.10 and its 200 day moving average is $20.48. American Assets Trust, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $29.15. The firm has a market capitalization of $1.17 billion, a P/E ratio of 16.53 and a beta of 1.17.

American Assets Trust (NYSE:AAT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. American Assets Trust had a net margin of 16.26% and a return on equity of 6.47%. The company had revenue of $107.93 million for the quarter, compared to the consensus estimate of $107.75 million. As a group, sell-side analysts anticipate 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, September 18th. Investors of record on Thursday, September 4th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.36 annualized dividend and a dividend yield of 7.1%. American Assets Trust's dividend payout ratio is presently 117.24%.

Analyst Upgrades and Downgrades

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

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.