Capital Square LLC Reduces Holdings in American Assets Trust, Inc. (NYSE:AAT)

Capital Square LLC lessened its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 6.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,429 shares of the real estate investment trust’s stock after selling 666 shares during the quarter. Capital Square LLC’s holdings in American Assets Trust were worth $252,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in American Assets Trust by 10.9% in the 1st quarter. Vanguard Group Inc. now owns 8,155,531 shares of the real estate investment trust’s stock valued at $178,688,000 after buying an additional 804,009 shares during the last quarter. LSV Asset Management lifted its stake in shares of American Assets Trust by 1.3% in the 2nd quarter. LSV Asset Management now owns 2,114,348 shares of the real estate investment trust’s stock valued at $47,319,000 after purchasing an additional 26,618 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of American Assets Trust by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,474,684 shares of the real estate investment trust’s stock valued at $39,404,000 after purchasing an additional 35,688 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of American Assets Trust by 9.9% in the second quarter. Dimensional Fund Advisors LP now owns 779,127 shares of the real estate investment trust’s stock valued at $17,436,000 after buying an additional 69,985 shares during the period. Finally, Panagora Asset Management Inc. lifted its stake in American Assets Trust by 11.5% during the second quarter. Panagora Asset Management Inc. now owns 255,040 shares of the real estate investment trust’s stock worth $5,708,000 after purchasing an additional 26,211 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on AAT shares. Mizuho boosted their target price on shares of American Assets Trust from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Morgan Stanley increased their target price on American Assets Trust from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th.

American Assets Trust Stock Performance

Shares of American Assets Trust stock traded up $0.54 on Monday, hitting $28.62. The stock had a trading volume of 17,255 shares, compared to its average volume of 274,203. The company has a quick ratio of 8.53, a current ratio of 8.53 and a debt-to-equity ratio of 1.86. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 30.86 and a beta of 1.29. The business’s 50 day moving average is $27.21 and its two-hundred day moving average is $24.93. American Assets Trust, Inc. has a twelve month low of $18.44 and a twelve month high of $28.96.

American Assets Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date is Thursday, December 5th. American Assets Trust’s dividend payout ratio (DPR) is presently 147.25%.

About American Assets Trust

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.