American Assets Trust, Inc. (NYSE:AAT) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC trimmed its holdings in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,247,619 shares of the real estate investment trust's stock after selling 19,603 shares during the quarter. Geode Capital Management LLC owned 2.05% of American Assets Trust worth $32,770,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AAT. Loomis Sayles & Co. L P bought a new position in shares of American Assets Trust during the fourth quarter valued at approximately $44,000. Smartleaf Asset Management LLC grew its position in shares of 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 during the last quarter. KBC Group NV lifted its holdings in shares of 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 purchasing an additional 1,161 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in American Assets Trust in the fourth quarter valued at about $231,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in American Assets Trust in the fourth quarter worth about $241,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

American Assets Trust Stock Performance

AAT stock traded up $0.18 during midday trading on Tuesday, reaching $18.95. The stock had a trading volume of 446,839 shares, compared to its average volume of 304,676. The firm has a fifty day simple moving average of $20.26 and a two-hundred day simple moving average of $24.20. American Assets Trust, Inc. has a 52-week low of $16.69 and a 52-week high of $29.15. The company has a debt-to-equity ratio of 1.80, a quick ratio of 8.17 and a current ratio of 8.17. The stock has a market cap of $1.16 billion, a PE ratio of 21.29 and a beta of 1.12.

American Assets Trust (NYSE:AAT - Get Free Report) last released its quarterly earnings data 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 net margin of 12.40% and a return on equity of 4.98%. As a group, equities research analysts anticipate that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.34 per share. This is a boost from American Assets Trust's previous quarterly dividend of $0.34. The ex-dividend date was Thursday, March 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 7.18%. American Assets Trust's dividend payout ratio (DPR) is presently 152.81%.

Analyst Ratings Changes

Separately, Mizuho decreased their price objective on shares of American Assets Trust from $28.00 to $22.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th.

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.