Senvest Management LLC Sells 92,210 Shares of American Assets Trust, Inc. (NYSE:AAT)

Senvest Management LLC trimmed its position in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 14.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 540,347 shares of the real estate investment trust's stock after selling 92,210 shares during the period. Senvest Management LLC owned approximately 0.89% of American Assets Trust worth $12,163,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in AAT. Federated Hermes Inc. acquired a new stake in shares of American Assets Trust during the 4th quarter valued at $25,000. Quarry LP purchased a new stake in shares of American Assets Trust in the first quarter valued at $35,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of American Assets Trust by 87.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,838 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 856 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of American Assets Trust in the second quarter valued at $42,000. Finally, Quadrant Capital Group LLC lifted its holdings in shares of American Assets Trust by 265.6% in the fourth 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. 90.43% of the stock is currently owned by institutional investors and hedge funds.

American Assets Trust Stock Down 0.4 %

Shares of AAT traded down $0.09 during mid-day trading on Friday, reaching $20.77. The company's stock had a trading volume of 133,482 shares, compared to its average volume of 278,796. The business has a fifty day moving average of $21.58 and a 200 day moving average of $20.87. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 24.73 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 quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.47.

American Assets Trust Increases Dividend

The business 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. The ex-dividend date was Wednesday, March 6th. 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 6.45%. American Assets Trust's dividend payout ratio is 159.52%.

Wall Street Analyst Weigh In

Separately, Mizuho reduced their target price on American Assets Trust from $23.00 to $22.00 and set a "neutral" rating for the company in a report 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.