American Assets Trust, Inc. (NYSE:AAT) Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its position in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 352,313 shares of the real estate investment trust's stock after selling 28,250 shares during the quarter. Legal & General Group Plc owned approximately 0.58% of American Assets Trust worth $9,252,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Loomis Sayles & Co. L P purchased a new stake in shares of American Assets Trust during the fourth quarter valued at approximately $44,000. Smartleaf Asset Management LLC lifted its position in shares of American Assets Trust by 227.5% during 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. grew its stake in shares of American Assets Trust by 62.7% during the 4th quarter. Federated Hermes Inc. now owns 2,827 shares of the real estate investment trust's stock worth $74,000 after acquiring an additional 1,089 shares during the period. KBC Group NV boosted its position in American Assets Trust by 56.5% during the fourth 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 period. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of American Assets Trust in the fourth quarter worth about $231,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

American Assets Trust Stock Up 2.0 %

Shares of American Assets Trust stock traded up $0.38 during trading on Wednesday, hitting $19.32. The company's stock had a trading volume of 46,760 shares, compared to its average volume of 388,800. The company has a fifty day simple moving average of $20.26 and a two-hundred day simple moving average of $24.20. American Assets Trust, Inc. has a 52 week low of $16.69 and a 52 week high of $29.15. The company has a market capitalization of $1.18 billion, a PE ratio of 21.71 and a beta of 1.12. 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 released its quarterly 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%. Equities 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 firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 7.04%. The ex-dividend date was Thursday, March 6th. This is an increase from American Assets Trust's previous quarterly dividend of $0.34. American Assets Trust's dividend payout ratio (DPR) is 152.81%.

Wall Street Analysts Forecast Growth

Separately, Mizuho cut their price objective 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.