Ritholtz Wealth Management Makes New $475,000 Investment in American Assets Trust, Inc. (NYSE:AAT)

Ritholtz Wealth Management purchased a new stake in shares of American Assets Trust, Inc. (NYSE:AAT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,224 shares of the real estate investment trust’s stock, valued at approximately $475,000.

Other institutional investors have also modified their holdings of the company. Federated Hermes Inc. acquired a new stake in American Assets Trust in the fourth quarter valued at approximately $25,000. Signaturefd LLC boosted its position in shares of American Assets Trust by 130.3% in the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 1,059 shares in the last quarter. Quadrant Capital Group LLC increased its position in American Assets Trust by 265.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,837 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 2,061 shares in the last quarter. Van ECK Associates Corp increased its position in American Assets Trust by 19.0% during the 4th quarter. Van ECK Associates Corp now owns 7,706 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 1,229 shares in the last quarter. Finally, Inspire Advisors LLC purchased a new stake in American Assets Trust in the first quarter valued at about $205,000. 90.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Mizuho boosted their price target on American Assets Trust from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th.

American Assets Trust Trading Down 0.9 %

NYSE:AAT opened at $26.72 on Thursday. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 1.48. The firm has a fifty day simple moving average of $24.76 and a 200-day simple moving average of $22.61. American Assets Trust, Inc. has a 12 month low of $17.15 and a 12 month high of $27.55. The company has a market capitalization of $1.63 billion, a P/E ratio of 30.02 and a beta of 1.29.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.33). The firm had revenue of $110.89 million for the quarter, compared to analysts’ expectations of $107.66 million. American Assets Trust had a net margin of 12.00% and a return on equity of 4.62%. During the same quarter in the previous year, the firm posted $0.59 EPS. On average, equities research analysts anticipate that American Assets Trust, Inc. will post 2.3 earnings per share for the current year.

American Assets Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be given a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date is Thursday, September 5th. American Assets Trust’s dividend payout ratio is presently 150.56%.

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.