Short Interest in American Assets Trust, Inc. (NYSE:AAT) Declines By 9.5%

American Assets Trust, Inc. (NYSE:AAT - Get Free Report) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 995,700 shares, a decline of 9.5% from the February 29th total of 1,100,000 shares. Currently, 2.1% of the company's shares are short sold. Based on an average daily trading volume, of 317,400 shares, the short-interest ratio is presently 3.1 days.

American Assets Trust Trading Down 0.1 %

Shares of American Assets Trust stock traded down $0.02 during trading hours on Tuesday, hitting $21.10. The company's stock had a trading volume of 331,639 shares, compared to its average volume of 318,074. American Assets Trust has a twelve month low of $17.06 and a twelve month high of $23.92. The firm has a fifty day moving average of $21.78 and a 200-day moving average of $20.86. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 25.01 and a beta of 1.26. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.93 and a current ratio of 2.93.

American Assets Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 6.35%. The ex-dividend date was Wednesday, March 6th. This is a positive change from American Assets Trust's previous quarterly dividend of $0.33. American Assets Trust's dividend payout ratio is 159.52%.

Hedge Funds Weigh In On American Assets Trust

Several large investors have recently modified their holdings of AAT. Federated Hermes Inc. acquired a new position in shares of American Assets Trust in the 4th quarter valued at $25,000. Quarry LP purchased a new position in American Assets Trust during the 1st quarter valued at about $35,000. Allspring Global Investments Holdings LLC boosted its holdings in American Assets Trust by 87.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,838 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 856 shares during the period. Point72 Hong Kong Ltd acquired a new stake in American Assets Trust in the 2nd quarter valued at about $42,000. Finally, Quadrant Capital Group LLC raised its position in American Assets Trust by 265.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,837 shares of the real estate investment trust's stock valued at $64,000 after purchasing an additional 2,061 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Mizuho lowered their price objective on American Assets Trust from $23.00 to $22.00 and set a "neutral" rating on the stock in a research note on Friday, February 23rd.

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.