Cubist Systematic Strategies LLC Sells 2,626 Shares of American Assets Trust, Inc. (NYSE:AAT)

Cubist Systematic Strategies LLC reduced its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 9.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,559 shares of the real estate investment trust’s stock after selling 2,626 shares during the period. Cubist Systematic Strategies LLC’s holdings in American Assets Trust were worth $594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in AAT. Vanguard Group Inc. increased its position in American Assets Trust by 10.9% during the 1st quarter. Vanguard Group Inc. now owns 8,155,531 shares of the real estate investment trust’s stock valued at $178,688,000 after buying an additional 804,009 shares in the last quarter. SG Americas Securities LLC increased its position in American Assets Trust by 1,140.3% during the 1st quarter. SG Americas Securities LLC now owns 175,550 shares of the real estate investment trust’s stock valued at $3,846,000 after buying an additional 161,396 shares in the last quarter. Janus Henderson Group PLC increased its position in American Assets Trust by 633.0% during the 1st quarter. Janus Henderson Group PLC now owns 166,411 shares of the real estate investment trust’s stock valued at $3,644,000 after buying an additional 143,707 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in American Assets Trust during the 1st quarter valued at about $1,776,000. Finally, Dimensional Fund Advisors LP increased its position in American Assets Trust by 9.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 779,127 shares of the real estate investment trust’s stock valued at $17,436,000 after buying an additional 69,985 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

American Assets Trust Stock Up 1.2 %

American Assets Trust stock opened at $26.62 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 3.03 and a current ratio of 3.03. The business’s 50-day simple moving average is $26.25 and its two-hundred day simple moving average is $23.59. The company has a market cap of $1.62 billion, a PE ratio of 29.91 and a beta of 1.30. American Assets Trust, Inc. has a fifty-two week low of $17.15 and a fifty-two week high of $27.79.

American Assets Trust (NYSE:AAT) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.33). American Assets Trust had a return on equity of 4.62% and a net margin of 12.00%. The company had revenue of $110.89 million during the quarter, compared to analysts’ expectations of $107.66 million. During the same quarter in the previous year, the company earned $0.59 EPS. Equities analysts anticipate that American Assets Trust, Inc. will post 2.32 EPS for the current year.

American Assets Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were paid a $0.335 dividend. The ex-dividend date was Thursday, September 5th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 5.03%. American Assets Trust’s payout ratio is 150.56%.

Analyst Ratings Changes

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

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.