New Age Alpha Advisors LLC Boosts Holdings in American Assets Trust, Inc. (NYSE:AAT)

Key Points

• New Age Alpha Advisors LLC has increased its stake in American Assets Trust by 33.1%, now owning a total of 85,147 shares valued at approximately $1.7 million.
• Several institutional investors have significantly boosted their positions in American Assets Trust, with US Bancorp DE increasing their holdings by 952% in the first quarter.
• American Assets Trust announced a quarterly dividend of $0.34 per share, yielding 7.2%, despite a dividend payout ratio of 117.24%.

New Age Alpha Advisors LLC raised its position in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 33.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,147 shares of the real estate investment trust's stock after buying an additional 21,151 shares during the quarter. New Age Alpha Advisors LLC owned about 0.14% of American Assets Trust worth $1,715,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Natixis Advisors LLC boosted its stake in American Assets Trust by 4.7% during the first quarter. Natixis Advisors LLC now owns 13,796 shares of the real estate investment trust's stock worth $278,000 after acquiring an additional 618 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of American Assets Trust by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,250 shares of the real estate investment trust's stock worth $716,000 after purchasing an additional 971 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of 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 purchasing an additional 1,089 shares in the last quarter. Sterling Capital Management LLC increased its stake in shares of American Assets Trust by 8.1% in the fourth quarter. Sterling Capital Management LLC now owns 18,225 shares of the real estate investment trust's stock worth $479,000 after purchasing an additional 1,368 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in American Assets Trust by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 30,503 shares of the real estate investment trust's stock valued at $801,000 after acquiring an additional 1,700 shares in the last quarter. 90.41% of the stock is owned by institutional investors.

American Assets Trust Price Performance

AAT stock traded up $0.39 during midday trading on Tuesday, reaching $19.12. The company had a trading volume of 57,814 shares, compared to its average volume of 421,095. The company has a market capitalization of $1.17 billion, a P/E ratio of 16.47 and a beta of 1.17. The company has a debt-to-equity ratio of 1.50, a current ratio of 3.55 and a quick ratio of 3.55. American Assets Trust, Inc. has a 1 year low of $16.69 and a 1 year high of $29.15. The firm has a 50-day moving average price of $20.02 and a 200-day moving average price of $20.29.

American Assets Trust (NYSE:AAT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $107.93 million during the quarter, compared to analyst estimates of $107.75 million. On average, research analysts anticipate that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Dividend Announcement

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 given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend is Thursday, September 4th. American Assets Trust's dividend payout ratio is 117.24%.

Analysts Set New Price Targets

AAT has been the subject of a number of research reports. Morgan Stanley cut their price target 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. Wall Street Zen cut shares of American Assets Trust from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd.

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.