AlphaQuest LLC Takes $1.43 Million Position in American Assets Trust, Inc. $AAT

AlphaQuest LLC purchased a new position in American Assets Trust, Inc. (NYSE:AAT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 70,314 shares of the real estate investment trust’s stock, valued at approximately $1,429,000. AlphaQuest LLC owned approximately 0.11% of American Assets Trust at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AAT. Geode Capital Management LLC grew its stake in American Assets Trust by 5.5% in the second quarter. Geode Capital Management LLC now owns 1,391,478 shares of the real estate investment trust’s stock valued at $27,484,000 after purchasing an additional 72,458 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of American Assets Trust by 4.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,253,217 shares of the real estate investment trust’s stock valued at $24,751,000 after buying an additional 53,070 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of American Assets Trust by 4.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,234,013 shares of the real estate investment trust’s stock worth $22,696,000 after buying an additional 56,553 shares during the last quarter. Senvest Management LLC bought a new position in shares of American Assets Trust during the 2nd quarter worth approximately $14,184,000. Finally, Invesco Ltd. lifted its position in American Assets Trust by 48.1% during the second quarter. Invesco Ltd. now owns 496,405 shares of the real estate investment trust’s stock valued at $9,804,000 after acquiring an additional 161,303 shares during the last quarter. 90.41% of the stock is currently owned by hedge funds and other institutional investors.

American Assets Trust Price Performance

Shares of AAT opened at $18.08 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 3.34 and a quick ratio of 3.34. The company’s fifty day moving average price is $18.77 and its 200-day moving average price is $19.48. American Assets Trust, Inc. has a 1-year low of $16.69 and a 1-year high of $24.57. The firm has a market capitalization of $1.11 billion, a PE ratio of 17.90 and a beta of 0.98.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AAT shares. Wall Street Zen lowered shares of American Assets Trust from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Mizuho set a $19.00 price objective on American Assets Trust in a research report on Friday, January 9th. Morgan Stanley lowered American Assets Trust from an “equal weight” rating to an “underweight” rating and set a $17.00 target price on the stock. in a research report on Friday, January 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of American Assets Trust in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $18.00.

American Assets Trust Company Profile

American Assets Trust, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops and manages a diversified portfolio of commercial properties across multiple asset classes. The company’s holdings include retail centers, office buildings, multifamily communities and select hotel and resort properties. American Assets Trust pursues an integrated strategy combining proactive redevelopment, leasing initiatives and sustainable design to enhance asset value and drive long-term growth.

Founded in 1998 and headquartered in San Diego, California, American Assets Trust has built a presence in key markets along the West Coast and select western U.S.