Custom Index Systems LLC Buys Shares of 11,461 American Assets Trust, Inc. (NYSE:AAT)

Custom Index Systems LLC purchased a new position in shares of American Assets Trust, Inc. (NYSE:AAT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,461 shares of the real estate investment trust’s stock, valued at approximately $258,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC increased its position in American Assets Trust by 41.4% during the 3rd quarter. FMR LLC now owns 162,657 shares of the real estate investment trust’s stock worth $3,164,000 after purchasing an additional 47,658 shares in the last quarter. LSV Asset Management raised its position in shares of American Assets Trust by 26.3% in the 3rd quarter. LSV Asset Management now owns 1,666,543 shares of the real estate investment trust’s stock valued at $32,414,000 after purchasing an additional 346,937 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in shares of American Assets Trust by 8.8% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,148,248 shares of the real estate investment trust’s stock valued at $22,333,000 after acquiring an additional 93,248 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of American Assets Trust during the 3rd quarter valued at approximately $725,000. Finally, Senvest Management LLC raised its position in shares of American Assets Trust by 1.5% during the 3rd quarter. Senvest Management LLC now owns 632,557 shares of the real estate investment trust’s stock valued at $12,303,000 after acquiring an additional 9,566 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

American Assets Trust Stock Up 1.2 %

Shares of American Assets Trust stock opened at $21.06 on Friday. The stock has a 50-day moving average price of $21.45 and a 200 day moving average price of $20.91. The company has a market cap of $1.28 billion, a P/E ratio of 25.07 and a beta of 1.26. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 1.47. American Assets Trust, Inc. has a 1 year low of $17.06 and a 1 year high of $23.92.

American Assets Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $0.335 dividend. This is an increase from American Assets Trust’s previous quarterly dividend of $0.33. This represents a $1.34 annualized dividend and a yield of 6.36%. The ex-dividend date of this dividend was Wednesday, March 6th. American Assets Trust’s dividend payout ratio is currently 159.52%.

Wall Street Analysts Forecast Growth

Separately, Mizuho decreased their price target on American Assets Trust from $23.00 to $22.00 and set a “neutral” rating for the company in a research note 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.