Cubist Systematic Strategies LLC Takes Position in American Assets Trust, Inc. (NYSE:AAT)

Cubist Systematic Strategies LLC bought a new stake in American Assets Trust, Inc. (NYSE:AAT) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 21,860 shares of the real estate investment trust’s stock, valued at approximately $574,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bridgeway Capital Management LLC purchased a new position in American Assets Trust in the fourth quarter valued at $948,000. Brevan Howard Capital Management LP boosted its holdings in American Assets Trust by 69.8% in the fourth quarter. Brevan Howard Capital Management LP now owns 13,808 shares of the real estate investment trust’s stock valued at $363,000 after purchasing an additional 5,676 shares during the period. Bank of America Corp DE boosted its holdings in American Assets Trust by 9.3% in the fourth quarter. Bank of America Corp DE now owns 67,385 shares of the real estate investment trust’s stock valued at $1,770,000 after purchasing an additional 5,745 shares during the period. Algert Global LLC boosted its holdings in American Assets Trust by 8.7% in the fourth quarter. Algert Global LLC now owns 154,655 shares of the real estate investment trust’s stock valued at $4,061,000 after purchasing an additional 12,434 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new position in American Assets Trust in the fourth quarter valued at $1,418,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on AAT. Morgan Stanley decreased their target price on American Assets Trust from $24.00 to $20.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. Mizuho decreased their target price 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 Up 1.2%

Shares of NYSE AAT opened at $19.63 on Friday. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 22.06 and a beta of 1.13. The company has a debt-to-equity ratio of 1.80, a current ratio of 8.17 and a quick ratio of 8.17. The business has a 50-day moving average of $19.30 and a two-hundred day moving average of $23.26. American Assets Trust, Inc. has a 1 year low of $16.69 and a 1 year high of $29.15.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.07. The company had revenue of $108.61 million during the quarter, compared to the consensus estimate of $112.05 million. American Assets Trust had a return on equity of 4.98% and a net margin of 12.40%. On average, analysts forecast that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date of this dividend is Thursday, June 5th. American Assets Trust’s dividend payout ratio (DPR) is 107.09%.

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.