Louisiana State Employees Retirement System Makes New Investment in American Assets Trust, Inc. (NYSE:AAT)

Louisiana State Employees Retirement System acquired a new stake in American Assets Trust, Inc. (NYSE:AAT) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 24,300 shares of the real estate investment trust’s stock, valued at approximately $547,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in AAT. Allspring Global Investments Holdings LLC grew its stake in American Assets Trust by 87.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,838 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 856 shares during the last quarter. Van ECK Associates Corp grew its position in shares of American Assets Trust by 18.2% in the third quarter. Van ECK Associates Corp now owns 6,477 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 998 shares during the last quarter. Coldstream Capital Management Inc. bought a new position in shares of American Assets Trust during the third quarter worth approximately $224,000. Custom Index Systems LLC acquired a new stake in American Assets Trust during the 4th quarter worth approximately $258,000. Finally, Quadrature Capital Ltd bought a new stake in American Assets Trust in the 3rd quarter valued at $303,000. 90.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Mizuho lowered their price objective on American Assets Trust from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, February 23rd.

American Assets Trust Stock Performance

NYSE AAT opened at $21.72 on Tuesday. The firm has a 50-day moving average price of $21.24 and a two-hundred day moving average price of $21.11. American Assets Trust, Inc. has a 12-month low of $17.06 and a 12-month high of $23.92. The company has a market capitalization of $1.32 billion, a P/E ratio of 25.86 and a beta of 1.26. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.47.

American Assets Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $0.335 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $1.34 dividend on an annualized basis and a yield of 6.17%. This is an increase from American Assets Trust’s previous quarterly dividend of $0.33. American Assets Trust’s dividend payout ratio is currently 159.52%.

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.