Kennedy Capital Management LLC Has $12.93 Million Stake in American Assets Trust, Inc. (NYSE:AAT)

Kennedy Capital Management LLC cut its holdings in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 492,260 shares of the real estate investment trust's stock after selling 28,631 shares during the period. Kennedy Capital Management LLC owned about 0.81% of American Assets Trust worth $12,927,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AAT. Loomis Sayles & Co. L P bought a new position in shares of American Assets Trust in the fourth quarter worth about $44,000. Smartleaf Asset Management LLC boosted its position in American Assets Trust by 227.5% in 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 buying an additional 1,711 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of American Assets Trust by 62.7% in the 4th quarter. Federated Hermes Inc. now owns 2,827 shares of the real estate investment trust's stock valued at $74,000 after buying an additional 1,089 shares during the period. KBC Group NV raised its holdings in American Assets Trust by 56.5% during 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 during the last quarter. Finally, Vestcor Inc acquired a new stake in shares of American Assets Trust during the 3rd quarter worth approximately $103,000. 90.43% of the stock is owned by institutional investors and hedge funds.

American Assets Trust Trading Up 0.4 %

Shares of AAT traded up $0.08 during trading hours on Tuesday, reaching $18.91. The stock had a trading volume of 75,443 shares, compared to its average volume of 299,413. The firm has a 50-day moving average of $20.69 and a 200 day moving average of $24.49. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 1.80. The company has a market cap of $1.16 billion, a P/E ratio of 21.25 and a beta of 1.12. American Assets Trust, Inc. has a 52 week low of $16.69 and a 52 week high of $29.15.

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 EPS for the quarter, topping the consensus estimate of $0.14 by $0.41. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. On average, sell-side analysts expect that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.34 dividend. This is an increase from American Assets Trust's previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.36 annualized dividend and a dividend yield of 7.19%. American Assets Trust's dividend payout ratio (DPR) is currently 152.81%.

Analyst Upgrades and Downgrades

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

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.