American Assets Trust, Inc. (NYSE:AAT) Shares Sold by LSV Asset Management

LSV Asset Management cut its position in American Assets Trust, Inc. (NYSE:AAT) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,991,796 shares of the real estate investment trust’s stock after selling 35,900 shares during the quarter. LSV Asset Management’s holdings in American Assets Trust were worth $52,305,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AAT. Loomis Sayles & Co. L P acquired a new stake in shares of American Assets Trust in the fourth quarter valued at approximately $44,000. Smartleaf Asset Management LLC grew its holdings in American Assets Trust by 227.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,463 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 1,711 shares in the last quarter. Federated Hermes Inc. increased its position in American Assets Trust by 62.7% in the 4th quarter. Federated Hermes Inc. now owns 2,827 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 1,089 shares during the period. KBC Group NV raised its stake in American Assets Trust by 56.5% during the 4th quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust’s stock valued at $84,000 after acquiring an additional 1,161 shares in the last quarter. Finally, Vestcor Inc acquired a new position in American Assets Trust during the 3rd quarter worth $103,000. 90.43% of the stock is owned by institutional investors and hedge funds.

American Assets Trust Trading Down 3.3 %

Shares of NYSE:AAT opened at $17.92 on Friday. The company has a 50 day moving average of $20.87 and a 200-day moving average of $24.62. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 1.80. The firm has a market cap of $1.10 billion, a P/E ratio of 20.14 and a beta of 1.12. American Assets Trust, Inc. has a twelve month low of $16.69 and a twelve month high of $29.15.

American Assets Trust (NYSE:AAT) last released its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.41. American Assets Trust had a return on equity of 4.98% and a net margin of 12.40%. As a group, analysts anticipate that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.36 annualized dividend and a yield of 7.59%. This is a boost from American Assets Trust’s previous quarterly dividend of $0.34. American Assets Trust’s dividend payout ratio (DPR) is currently 152.81%.

Wall Street Analysts Forecast Growth

Separately, Mizuho lowered their price target on American Assets Trust from $28.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th.

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.