Riverhead Capital Management LLC increased its holdings in American Assets Trust, Inc. (NYSE:AAT) by 83.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,298 shares of the real estate investment trust’s stock after buying an additional 1,498 shares during the quarter. Riverhead Capital Management LLC’s holdings in American Assets Trust were worth $130,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AAT. Russell Investments Group Ltd. boosted its holdings in shares of American Assets Trust by 30.9% in the first quarter. Russell Investments Group Ltd. now owns 28,491 shares of the real estate investment trust’s stock worth $1,192,000 after buying an additional 6,728 shares during the last quarter. Comerica Bank boosted its holdings in shares of American Assets Trust by 4.9% in the first quarter. Comerica Bank now owns 45,929 shares of the real estate investment trust’s stock worth $1,985,000 after buying an additional 2,143 shares during the last quarter. Swiss National Bank boosted its holdings in shares of American Assets Trust by 1.6% in the first quarter. Swiss National Bank now owns 56,700 shares of the real estate investment trust’s stock worth $2,372,000 after buying an additional 900 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of American Assets Trust by 24.5% in the first quarter. UBS Asset Management Americas Inc. now owns 80,869 shares of the real estate investment trust’s stock worth $3,384,000 after buying an additional 15,933 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new position in shares of American Assets Trust in the first quarter worth approximately $386,000. 97.81% of the stock is currently owned by institutional investors.

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A number of research firms recently issued reports on AAT. Zacks Investment Research raised shares of American Assets Trust from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Thursday, August 24th. BidaskClub downgraded shares of American Assets Trust from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Finally, TheStreet downgraded shares of American Assets Trust from a “b-” rating to a “c+” rating in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $46.33.

American Assets Trust, Inc. (NYSE AAT) opened at 40.37 on Thursday. The stock has a market cap of $1.90 billion, a P/E ratio of 61.35 and a beta of 0.51. American Assets Trust, Inc. has a one year low of $37.54 and a one year high of $44.83. The firm’s 50-day moving average is $40.34 and its 200 day moving average is $40.64.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The firm had revenue of $77.11 million for the quarter. American Assets Trust had a return on equity of 3.94% and a net margin of 10.93%. On average, analysts anticipate that American Assets Trust, Inc. will post $0.62 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.58%. American Assets Trust’s payout ratio is 157.58%.

In other news, CEO Ernest S. Rady acquired 1,010 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were acquired at an average price of $40.79 per share, with a total value of $41,197.90. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ernest S. Rady acquired 21,553 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were purchased at an average cost of $40.83 per share, for a total transaction of $880,008.99. The disclosure for this purchase can be found here. Insiders have bought a total of 424,319 shares of company stock worth $17,117,491 in the last ninety days. Corporate insiders own 34.15% of the company’s stock.

About American Assets Trust

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires and develops retail, office, multifamily and mixed-use properties in Southern California, Northern California, Oregon, Washington, Texas and Hawaii markets.

Institutional Ownership by Quarter for American Assets Trust (NYSE:AAT)

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