Summit Global Investments Purchases Shares of 9,298 American Assets Trust, Inc. (NYSE:AAT)

Summit Global Investments acquired a new stake in American Assets Trust, Inc. (NYSE:AAT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 9,298 shares of the real estate investment trust’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Victory Capital Management Inc. acquired a new stake in shares of American Assets Trust in the fourth quarter valued at approximately $219,000. Jackson Creek Investment Advisors LLC acquired a new position in American Assets Trust in the 4th quarter valued at $1,070,000. Van ECK Associates Corp grew its holdings in shares of 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 worth $173,000 after purchasing an additional 1,229 shares in the last quarter. Truist Financial Corp bought a new position in shares of American Assets Trust in the fourth quarter worth $376,000. Finally, abrdn plc acquired a new position in American Assets Trust in the fourth quarter valued at about $206,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

American Assets Trust Stock Up 1.0 %

Shares of NYSE:AAT opened at $21.73 on Tuesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.93 and a current ratio of 3.02. American Assets Trust, Inc. has a 52-week low of $17.15 and a 52-week high of $23.92. The company has a market capitalization of $1.32 billion, a PE ratio of 24.42 and a beta of 1.25. The company has a fifty day moving average of $21.23 and a 200-day moving average of $21.24.

American Assets Trust (NYSE:AAT) last released its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.35). American Assets Trust had a net margin of 12.05% and a return on equity of 4.60%. The firm had revenue of $110.70 million during the quarter, compared to analyst estimates of $106.39 million. During the same period in the prior year, the company earned $0.66 EPS. On average, equities analysts predict that American Assets Trust, Inc. will post 2.26 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date of this dividend is Thursday, June 6th. American Assets Trust’s dividend payout ratio is currently 150.56%.

Analysts Set New Price Targets

Separately, Mizuho decreased their price target on shares of American Assets Trust from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd.

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.