Nisa Investment Advisors LLC Reduces Stock Holdings in American Assets Trust, Inc. (NYSE:AAT)

Nisa Investment Advisors LLC reduced its stake in American Assets Trust, Inc. (NYSE:AAT) by 9.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,663 shares of the real estate investment trust’s stock after selling 1,826 shares during the period. Nisa Investment Advisors LLC’s holdings in American Assets Trust were worth $336,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AAT. Loomis Sayles & Co. L P purchased a new position in shares of American Assets Trust during the fourth quarter worth approximately $44,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of American Assets Trust during the fourth quarter worth approximately $63,000. Federated Hermes Inc. grew its position in shares of American Assets Trust by 62.7% during the fourth quarter. Federated Hermes Inc. now owns 2,827 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 1,089 shares during the last quarter. State of Wyoming purchased a new position in shares of American Assets Trust during the fourth quarter worth approximately $101,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of American Assets Trust during the fourth quarter worth approximately $231,000. 90.41% of the stock is currently owned by hedge funds and other institutional investors.

American Assets Trust Price Performance

Shares of NYSE AAT opened at $20.46 on Thursday. The company has a debt-to-equity ratio of 1.47, a current ratio of 4.12 and a quick ratio of 4.12. The stock has a fifty day moving average price of $20.03 and a 200 day moving average price of $21.03. American Assets Trust, Inc. has a 1-year low of $16.69 and a 1-year high of $29.15. The company has a market cap of $1.25 billion, a PE ratio of 16.11 and a beta of 1.15.

American Assets Trust (NYSE:AAT) last issued 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. American Assets Trust had a return on equity of 7.02% and a net margin of 17.57%. The firm had revenue of $108.61 million during the quarter, compared to the consensus estimate of $112.05 million. Sell-side analysts forecast that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 6.65%. The ex-dividend date of this dividend was Thursday, June 5th. American Assets Trust’s dividend payout ratio (DPR) is currently 107.09%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AAT. Morgan Stanley lowered their target price on shares of 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. Wall Street Zen downgraded American Assets Trust from a “buy” rating to a “hold” rating in a report on Saturday, July 12th.

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.