Versor Investments LP Has $300,000 Stock Position in American Assets Trust, Inc. (NYSE:AAT)

Versor Investments LP cut its holdings in American Assets Trust, Inc. (NYSE:AAT) by 10.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,421 shares of the real estate investment trust’s stock after selling 1,300 shares during the quarter. Versor Investments LP’s holdings in American Assets Trust were worth $300,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of American Assets Trust by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,891 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 488 shares in the last quarter. Quarry LP increased its stake in American Assets Trust by 131.3% in the third quarter. Quarry LP now owns 2,163 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 1,228 shares in the last quarter. KBC Group NV increased its stake in American Assets Trust by 56.5% in the fourth quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 1,161 shares in the last quarter. Vestcor Inc acquired a new position in shares of American Assets Trust during the third quarter valued at about $103,000. Finally, NJ State Employees Deferred Compensation Plan bought a new position in shares of American Assets Trust during the 3rd quarter worth about $211,000. 90.43% of the stock is currently owned by institutional investors.

American Assets Trust Price Performance

Shares of AAT opened at $22.21 on Tuesday. The business’s fifty day moving average is $24.01 and its 200 day moving average is $26.02. American Assets Trust, Inc. has a 12-month low of $20.03 and a 12-month high of $29.15. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 1.80. The stock has a market cap of $1.36 billion, a P/E ratio of 24.96 and a beta of 1.30.

American Assets Trust (NYSE:AAT) last released its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.41. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. Sell-side analysts anticipate that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.34 per share. This is a positive change from American Assets Trust’s previous quarterly dividend of $0.34. This represents a $1.36 dividend on an annualized basis and a yield of 6.12%. The ex-dividend date is Thursday, March 6th. American Assets Trust’s payout ratio is currently 152.81%.

Analyst Ratings Changes

Separately, Mizuho decreased their target price on American Assets Trust from $28.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th.

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.