GAMMA Investing LLC Acquires 16,853 Shares of American Assets Trust, Inc. (NYSE:AAT)

GAMMA Investing LLC raised its holdings in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 1,438.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,025 shares of the real estate investment trust's stock after buying an additional 16,853 shares during the period. GAMMA Investing LLC's holdings in American Assets Trust were worth $363,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Loomis Sayles & Co. L P bought a new stake in shares of American Assets Trust during the 4th quarter valued at $44,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in American Assets Trust during the fourth quarter valued at $63,000. Smartleaf Asset Management LLC grew its holdings in American Assets Trust by 227.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,463 shares of the real estate investment trust's stock valued at $64,000 after purchasing an additional 1,711 shares during the period. Federated Hermes Inc. increased its position in American Assets Trust by 62.7% in the fourth quarter. Federated Hermes Inc. now owns 2,827 shares of the real estate investment trust's stock worth $74,000 after buying an additional 1,089 shares in the last quarter. Finally, State of Wyoming purchased a new stake in American Assets Trust in the fourth quarter worth about $101,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AAT shares. Mizuho lowered their price objective on American Assets Trust from $28.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Morgan Stanley lowered their price target on shares of American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of American Assets Trust from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th.

American Assets Trust Price Performance

Shares of NYSE AAT traded down $0.25 during mid-day trading on Tuesday, reaching $19.99. The company's stock had a trading volume of 332,590 shares, compared to its average volume of 324,356. The company has a debt-to-equity ratio of 1.47, a current ratio of 4.12 and a quick ratio of 4.12. American Assets Trust, Inc. has a 52 week low of $16.69 and a 52 week high of $29.15. The stock has a fifty day moving average of $19.56 and a two-hundred day moving average of $21.73. The firm has a market capitalization of $1.22 billion, a PE ratio of 15.74 and a beta of 1.16.

American Assets Trust (NYSE:AAT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.07. The business had revenue of $108.61 million during the quarter, compared to the consensus estimate of $112.05 million. American Assets Trust had a return on equity of 7.02% and a net margin of 17.57%. As a group, sell-side analysts anticipate that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 6.81%. The ex-dividend date was Thursday, June 5th. American Assets Trust's payout ratio is currently 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.