Jackson Creek Investment Advisors LLC Buys Shares of 47,541 American Assets Trust, Inc. (NYSE:AAT)

Jackson Creek Investment Advisors LLC bought a new position in American Assets Trust, Inc. (NYSE:AAT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 47,541 shares of the real estate investment trust’s stock, valued at approximately $1,070,000. Jackson Creek Investment Advisors LLC owned about 0.08% of American Assets Trust as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Federated Hermes Inc. acquired a new stake in shares of American Assets Trust in the fourth quarter valued at about $25,000. Allspring Global Investments Holdings LLC boosted its stake in American Assets Trust by 87.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,838 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 856 shares during the period. Van ECK Associates Corp grew its holdings in American Assets Trust by 18.2% in the 3rd quarter. Van ECK Associates Corp now owns 6,477 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 998 shares during the last quarter. abrdn plc bought a new position in American Assets Trust in the 4th quarter worth approximately $206,000. Finally, Coldstream Capital Management Inc. bought a new stake in shares of American Assets Trust in the third quarter valued at approximately $224,000. 90.43% of the stock is owned by institutional investors.

American Assets Trust Stock Performance

AAT traded down $0.37 during trading on Tuesday, reaching $21.35. 212,659 shares of the company’s stock were exchanged, compared to its average volume of 299,201. American Assets Trust, Inc. has a fifty-two week low of $17.06 and a fifty-two week high of $23.92. The company has a market capitalization of $1.30 billion, a P/E ratio of 25.86 and a beta of 1.26. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.47. The business has a 50 day moving average price of $21.24 and a 200 day moving average price of $21.13.

American Assets Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a dividend of $0.335 per share. This is a boost from American Assets Trust’s previous quarterly dividend of $0.33. The ex-dividend date was Wednesday, March 6th. This represents a $1.34 dividend on an annualized basis and a yield of 6.28%. American Assets Trust’s dividend payout ratio (DPR) is currently 159.52%.

Wall Street Analyst Weigh In

Separately, Mizuho reduced their price target on shares of American Assets Trust from $23.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, February 23rd.

American Assets Trust Company Profile

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.