Y Intercept Hong Kong Ltd Acquires New Holdings in American Assets Trust, Inc. (NYSE:AAT)

Key Points

• Y Intercept Hong Kong Ltd invested $535,000 to acquire 26,552 shares in American Assets Trust, Inc. (NYSE:AAT), marking a significant entry into the real estate investment trust.
• Several institutional investors, including Wellington Management Group and Norges Bank, increased their stakes in AAT, indicating growing institutional interest in the company.
• American Assets Trust recently reported $0.52 EPS, surpassing analysts' expectations, and declared a quarterly dividend of $0.34 per share, reflecting a yield of 6.69%.

Y Intercept Hong Kong Ltd acquired a new stake in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 26,552 shares of the real estate investment trust's stock, valued at approximately $535,000.

Several other institutional investors have also recently made changes to their positions in AAT. Robeco Institutional Asset Management B.V. purchased a new position in American Assets Trust during the 1st quarter valued at about $265,000. Raymond James Financial Inc. purchased a new position in American Assets Trust during the 4th quarter valued at about $1,703,000. Norges Bank purchased a new position in American Assets Trust during the 4th quarter valued at about $6,010,000. Millennium Management LLC increased its position in American Assets Trust by 22.3% during the 4th quarter. Millennium Management LLC now owns 346,167 shares of the real estate investment trust's stock valued at $9,090,000 after purchasing an additional 63,023 shares during the period. Finally, GAMMA Investing LLC increased its position in American Assets Trust by 1,438.0% during the 1st quarter. GAMMA Investing LLC now owns 18,025 shares of the real estate investment trust's stock valued at $363,000 after purchasing an additional 16,853 shares during the period. Institutional investors own 90.41% of the company's stock.

American Assets Trust Stock Performance

NYSE:AAT traded down $0.16 during midday trading on Thursday, reaching $18.86. The stock had a trading volume of 123,539 shares, compared to its average volume of 417,998. The stock has a market cap of $1.15 billion, a P/E ratio of 16.25 and a beta of 1.15. American Assets Trust, Inc. has a 12-month low of $16.69 and a 12-month high of $29.15. The firm has a fifty day simple moving average of $20.13 and a two-hundred day simple moving average of $20.66. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 1.47.

American Assets Trust (NYSE:AAT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.52 EPS for the quarter, beating 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 company had revenue of $107.93 million during the quarter, compared to the consensus estimate of $107.75 million. On average, equities analysts expect that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 7.21%. The ex-dividend date of this dividend is Thursday, September 4th. American Assets Trust's dividend payout ratio is presently 107.09%.

Analyst Upgrades and Downgrades

AAT has been the topic of a number of analyst reports. Wall Street Zen raised shares of American Assets Trust from a "hold" rating to a "buy" rating in a research report on Sunday, July 20th. Morgan Stanley reduced 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 research report on Thursday, April 24th.

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.