63,996 Shares in American Assets Trust, Inc. (NYSE:AAT) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new stake in American Assets Trust, Inc. (NYSE:AAT) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 63,996 shares of the real estate investment trust’s stock, valued at approximately $1,681,000. New Age Alpha Advisors LLC owned 0.11% of American Assets Trust as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in AAT. Norges Bank bought a new stake in shares of American Assets Trust in the fourth quarter valued at approximately $6,010,000. Loomis Sayles & Co. L P purchased a new position in American Assets Trust in the 4th quarter valued at approximately $44,000. JPMorgan Chase & Co. raised its holdings in American Assets Trust by 11.6% during the 4th quarter. JPMorgan Chase & Co. now owns 652,216 shares of the real estate investment trust’s stock valued at $17,127,000 after acquiring an additional 67,687 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of American Assets Trust during the fourth quarter worth $241,000. Finally, Segall Bryant & Hamill LLC bought a new position in shares of American Assets Trust in the fourth quarter worth $1,501,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

American Assets Trust Price Performance

Shares of NYSE:AAT opened at $20.01 on Monday. American Assets Trust, Inc. has a 12 month low of $19.56 and a 12 month high of $29.15. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 1.80. The stock has a market cap of $1.22 billion, a P/E ratio of 22.49 and a beta of 1.33. The company has a 50 day moving average of $22.12 and a 200 day moving average of $25.23.

American Assets Trust (NYSE:AAT) last released its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 EPS for the quarter, topping 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%. As a group, sell-side analysts forecast that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date was Thursday, March 6th. 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%.

Analyst Ratings Changes

Separately, Mizuho dropped their price objective 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.

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.