Wolverine Asset Management LLC Buys 28,920 Shares of American Assets Trust, Inc. (NYSE:AAT)

Wolverine Asset Management LLC lifted its stake in American Assets Trust, Inc. (NYSE:AAT) by 1,014.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,771 shares of the real estate investment trust’s stock after acquiring an additional 28,920 shares during the period. Wolverine Asset Management LLC owned approximately 0.05% of American Assets Trust worth $640,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of American Assets Trust in the fourth quarter worth $63,000. Federated Hermes Inc. boosted its stake in American Assets Trust by 62.7% during the fourth quarter. Federated Hermes Inc. now owns 2,827 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 1,089 shares during the period. State of Wyoming bought a new stake in American Assets Trust during the fourth quarter valued at $101,000. US Bancorp DE boosted its stake in American Assets Trust by 952.0% during the first quarter. US Bancorp DE now owns 10,415 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 9,425 shares during the period. Finally, Retirement Planning Co of New England Inc. boosted its stake in American Assets Trust by 20.9% during the first quarter. Retirement Planning Co of New England Inc. now owns 10,600 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 1,830 shares during the period. 90.41% of the stock is owned by institutional investors.

American Assets Trust Trading Down 0.7%

Shares of AAT stock opened at $18.86 on Monday. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.50. The business has a 50-day moving average price of $20.04 and a two-hundred day moving average price of $20.33. American Assets Trust, Inc. has a 12-month low of $16.69 and a 12-month high of $29.15. The firm has a market cap of $1.15 billion, a P/E ratio of 16.26 and a beta of 1.17.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. American Assets Trust had a return on equity of 6.47% and a net margin of 16.26%. The firm had revenue of $107.93 million during the quarter, compared to analyst estimates of $107.75 million. Equities analysts anticipate that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend is Thursday, September 4th. American Assets Trust’s payout ratio is 117.24%.

Analysts Set New Price Targets

Several research firms recently issued reports on AAT. Morgan Stanley dropped their price objective on American Assets Trust from $24.00 to $20.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. Wall Street Zen lowered American Assets Trust from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd.

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.