New Age Alpha Advisors LLC Buys New Holdings in American Assets Trust, Inc. (NYSE:AAT)

New Age Alpha Advisors LLC acquired a new position in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 63,996 shares of the real estate investment trust's stock, valued at approximately $1,681,000. New Age Alpha Advisors LLC owned about 0.11% of American Assets Trust at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Loomis Sayles & Co. L P bought a new position in American Assets Trust during the fourth quarter worth about $44,000. Quarry LP lifted its position in American Assets Trust by 131.3% in the 3rd quarter. Quarry LP now owns 2,163 shares of the real estate investment trust's stock valued at $58,000 after acquiring an additional 1,228 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in American Assets Trust by 227.5% in 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 during the period. KBC Group NV increased its holdings in American Assets Trust by 56.5% during the 4th quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust's stock worth $84,000 after purchasing an additional 1,161 shares in the last quarter. Finally, Vestcor Inc acquired a new stake in shares of American Assets Trust in the 3rd quarter valued at about $103,000. Institutional investors and hedge funds own 90.43% of the company's stock.

Analyst Upgrades and Downgrades

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

American Assets Trust Stock Down 3.5 %

American Assets Trust stock traded down $0.67 during mid-day trading on Friday, reaching $18.70. The company's stock had a trading volume of 1,154,021 shares, compared to its average volume of 293,303. The company has a debt-to-equity ratio of 1.80, a quick ratio of 8.17 and a current ratio of 8.17. American Assets Trust, Inc. has a 12 month low of $18.50 and a 12 month high of $29.15. The business's 50 day simple moving average is $21.64 and its 200 day simple moving average is $25.01. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 21.01 and a beta of 1.33.

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

American Assets Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 7.27%. This is a boost from American Assets Trust's previous quarterly dividend of $0.34. American Assets Trust's dividend payout ratio is currently 152.81%.

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.