Vanguard Group Inc. Sells 144,403 Shares of American Assets Trust, Inc. (NYSE:AAT)

Vanguard Group Inc. lessened its stake in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,067,804 shares of the real estate investment trust's stock after selling 144,403 shares during the period. Vanguard Group Inc. owned approximately 13.25% of American Assets Trust worth $156,919,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in American Assets Trust by 5.6% during the 1st quarter. BlackRock Inc. now owns 11,476,222 shares of the real estate investment trust's stock valued at $213,343,000 after purchasing an additional 609,764 shares during the last quarter. State Street Corp boosted its stake in American Assets Trust by 0.5% during the 2nd quarter. State Street Corp now owns 3,170,762 shares of the real estate investment trust's stock valued at $94,172,000 after purchasing an additional 16,207 shares during the last quarter. LSV Asset Management boosted its stake in American Assets Trust by 26.3% during the 3rd quarter. LSV Asset Management now owns 1,666,543 shares of the real estate investment trust's stock valued at $32,414,000 after purchasing an additional 346,937 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in American Assets Trust by 77.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,638,865 shares of the real estate investment trust's stock valued at $31,466,000 after purchasing an additional 715,429 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in American Assets Trust by 407.9% during the 1st quarter. Balyasny Asset Management L.P. now owns 1,382,781 shares of the real estate investment trust's stock valued at $25,706,000 after purchasing an additional 1,110,530 shares during the last quarter. Institutional investors own 90.43% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Mizuho cut their target price 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 Stock Performance

Shares of AAT stock traded down $0.02 on Tuesday, reaching $21.10. The stock had a trading volume of 331,639 shares, compared to its average volume of 318,074. The stock has a market cap of $1.28 billion, a P/E ratio of 25.12 and a beta of 1.26. American Assets Trust, Inc. has a 1 year low of $17.06 and a 1 year high of $23.92. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.93 and a current ratio of 2.93. The company has a 50 day simple moving average of $21.74 and a 200 day simple moving average of $20.86.

American Assets Trust Increases Dividend

The company 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 is an increase from American Assets Trust's previous quarterly dividend of $0.33. This represents a $1.34 dividend on an annualized basis and a dividend yield of 6.35%. The ex-dividend date was Wednesday, March 6th. American Assets Trust's dividend payout ratio (DPR) is 159.52%.

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.