LSV Asset Management Sells 35,900 Shares of American Assets Trust, Inc. (NYSE:AAT)

LSV Asset Management decreased its position in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and 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 owned approximately 3.27% of American Assets Trust worth $52,305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Jane Street Group LLC increased its holdings in American Assets Trust by 142.8% during the 3rd quarter. Jane Street Group LLC now owns 90,078 shares of the real estate investment trust's stock worth $2,407,000 after purchasing an additional 52,977 shares during the period. JPMorgan Chase & Co. boosted its stake in American Assets Trust by 14.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 584,529 shares of the real estate investment trust's stock worth $15,619,000 after purchasing an additional 72,579 shares during the period. Barclays PLC increased its holdings in shares of 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 valued at $2,946,000 after purchasing an additional 57,850 shares during the period. Amundi boosted its holdings in American Assets Trust by 40.4% in the 4th 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. Finally, Verition Fund Management LLC purchased a new position in American Assets Trust in the third quarter worth $217,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

American Assets Trust Stock Up 1.5 %

Shares of AAT stock traded up $0.29 during mid-day trading on Wednesday, reaching $19.20. 69,548 shares of the company were exchanged, compared to its average volume of 301,709. The company has a market capitalization of $1.17 billion, a P/E ratio of 21.57 and a beta of 1.12. American Assets Trust, Inc. has a fifty-two week low of $14.34 and a fifty-two week high of $29.15. The business's 50 day simple moving average is $20.61 and its 200 day simple moving average is $24.45. 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 (NYSE:AAT - Get Free Report) last announced its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.41. American Assets Trust had a return on equity of 4.98% and a net margin of 12.40%. Research analysts predict that American Assets Trust, Inc. will post 1.94 earnings per share for the current year.

American Assets Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a dividend of $0.34 per share. This is a boost from American Assets Trust's previous quarterly dividend of $0.34. This represents a $1.36 annualized dividend and a dividend yield of 7.08%. The ex-dividend date was Thursday, March 6th. American Assets Trust's dividend payout ratio (DPR) is currently 152.81%.

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.