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

GAMMA Investing LLC increased its holdings in American Assets Trust, Inc. (NYSE:AAT) by 1,438.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,025 shares of the real estate investment trust’s stock after purchasing 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.

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AAT. Wall Street Zen raised shares of American Assets Trust from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. Mizuho reduced their target price on American Assets Trust from $28.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Finally, Morgan Stanley decreased their price target on 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.

American Assets Trust Stock Performance

American Assets Trust stock opened at $20.21 on Friday. The stock has a 50-day simple moving average of $19.53 and a 200 day simple moving average of $21.87. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 15.91 and a beta of 1.16. 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, Inc. has a 12-month low of $16.69 and a 12-month high of $29.15.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.07. American Assets Trust had a net margin of 17.57% and a return on equity of 7.02%. The firm had revenue of $108.61 million during the quarter, compared to analysts’ expectations of $112.05 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 6.73%. The ex-dividend date of this dividend was Thursday, June 5th. American Assets Trust’s dividend payout ratio is 107.09%.

About American Assets Trust

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.