Jane Street Group LLC Decreases Stock Position in American Assets Trust, Inc. (NYSE:AAT)

Jane Street Group LLC lowered its holdings in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 72.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,968 shares of the real estate investment trust's stock after selling 65,110 shares during the period. Jane Street Group LLC's holdings in American Assets Trust were worth $656,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Barclays PLC boosted its holdings in American Assets Trust by 110.5% in the third quarter. Barclays PLC now owns 110,220 shares of the real estate investment trust's stock worth $2,946,000 after acquiring an additional 57,850 shares in the last quarter. Amundi lifted its holdings in shares of American Assets Trust by 40.4% in the fourth quarter. Amundi now owns 50,464 shares of the real estate investment trust's stock valued at $1,229,000 after purchasing an additional 14,527 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of American Assets Trust in the fourth quarter valued at approximately $1,703,000. Norges Bank bought a new position in shares of American Assets Trust in the fourth quarter valued at approximately $6,010,000. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of American Assets Trust by 187.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 107,116 shares of the real estate investment trust's stock valued at $2,813,000 after purchasing an additional 69,812 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

American Assets Trust Stock Performance

American Assets Trust stock traded down $0.23 during mid-day trading on Friday, reaching $19.92. 667,761 shares of the company's stock were exchanged, compared to its average volume of 317,773. The business's fifty day simple moving average is $19.16 and its 200 day simple moving average is $22.63. The firm has a market capitalization of $1.22 billion, a PE ratio of 22.38 and a beta of 1.13. American Assets Trust, Inc. has a one year low of $16.69 and a one year high of $29.15. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 1.80.

American Assets Trust (NYSE:AAT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.07. The business had revenue of $108.61 million for the quarter, compared to analyst estimates of $112.05 million. American Assets Trust had a return on equity of 4.98% and a net margin of 12.40%. On average, sell-side analysts expect that American Assets Trust, Inc. will post 1.94 earnings per share for the current year.

American Assets Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $1.36 dividend on an annualized basis and a yield of 6.83%. American Assets Trust's dividend payout ratio (DPR) is currently 107.09%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AAT shares. Morgan Stanley dropped their target price on American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Mizuho dropped their target price 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. Finally, Wall Street Zen upgraded American Assets Trust from a "hold" rating to a "buy" rating in a report on Saturday, May 24th.

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.