AlphaQuest LLC Buys New Holdings in American Assets Trust, Inc. $AAT

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

Several other institutional investors and hedge funds have also bought and sold shares of AAT. EverSource Wealth Advisors LLC increased its stake in shares of American Assets Trust by 262.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,704 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 1,234 shares during the period. Tower Research Capital LLC TRC boosted its holdings in American Assets Trust by 32.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,774 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 1,165 shares during the last quarter. State of Wyoming boosted its holdings in American Assets Trust by 131.5% in the second quarter. State of Wyoming now owns 5,646 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 3,207 shares during the last quarter. CWM LLC grew its position in American Assets Trust by 229.6% during the 2nd quarter. CWM LLC now owns 8,382 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 5,839 shares during the period. Finally, Virtus Investment Advisers LLC raised its stake in shares of American Assets Trust by 47.1% during the 2nd quarter. Virtus Investment Advisers LLC now owns 8,480 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 2,715 shares during the last quarter. 90.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

American Assets Trust Stock Performance

NYSE AAT opened at $18.08 on Friday. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 17.90 and a beta of 0.98. The stock has a 50-day moving average of $18.77 and a 200 day moving average of $19.48. The company has a current ratio of 3.34, a quick ratio of 3.34 and a debt-to-equity ratio of 1.52. American Assets Trust, Inc. has a twelve month low of $16.69 and a twelve month high of $24.57.

About American Assets Trust

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.