Invesco Ltd. Trims Stock Holdings in American Assets Trust, Inc. (NYSE:AAT)

Invesco Ltd. decreased its holdings in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 50.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 239,972 shares of the real estate investment trust's stock after selling 247,866 shares during the quarter. Invesco Ltd. owned 0.39% of American Assets Trust worth $6,302,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Loomis Sayles & Co. L P acquired a new stake in shares of American Assets Trust in the 4th quarter valued at $44,000. Smartleaf Asset Management LLC boosted its holdings in shares of American Assets Trust by 227.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,463 shares of the real estate investment trust's stock valued at $64,000 after acquiring an additional 1,711 shares in the last quarter. Federated Hermes Inc. grew its position in American Assets Trust by 62.7% during the 4th quarter. Federated Hermes Inc. now owns 2,827 shares of the real estate investment trust's stock worth $74,000 after acquiring an additional 1,089 shares during the last quarter. KBC Group NV increased its holdings in American Assets Trust by 56.5% in the 4th quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust's stock worth $84,000 after purchasing an additional 1,161 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of American Assets Trust during the fourth quarter valued at about $231,000. Institutional investors and hedge funds own 90.43% of the company's stock.

American Assets Trust Trading Up 1.2 %

Shares of AAT stock traded up $0.22 during trading hours on Thursday, hitting $18.95. 36,606 shares of the company were exchanged, compared to its average volume of 310,848. The firm has a market cap of $1.16 billion, a P/E ratio of 21.26 and a beta of 1.12. The company has a 50 day simple moving average of $19.87 and a two-hundred day simple moving average of $23.90. The company has a debt-to-equity ratio of 1.80, a quick ratio of 8.17 and a current ratio of 8.17. American Assets Trust, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $29.15.

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

American Assets Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 7.18%. The ex-dividend date of this dividend is Thursday, June 5th. American Assets Trust's dividend payout ratio is currently 152.81%.

Analyst Ratings Changes

AAT has been the subject of a number of research reports. Mizuho dropped 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 report on Tuesday, February 25th. Morgan Stanley decreased their price objective on shares of American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th.

American Assets Trust 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.