American Assets Trust, Inc. (NYSE:AAT) Short Interest Down 23.1% in September

American Assets Trust, Inc. (NYSE:AAT - Get Free Report) saw a large decline in short interest in September. As of September 30th, there was short interest totalling 838,300 shares, a decline of 23.1% from the September 15th total of 1,090,000 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 256,400 shares, the short-interest ratio is presently 3.3 days.

Wall Street Analysts Forecast Growth

Separately, Mizuho boosted their target price on American Assets Trust from $22.00 to $26.00 and gave the stock a "neutral" rating in a research report on Monday, August 19th.

Hedge Funds Weigh In On American Assets Trust

Several large investors have recently added to or reduced their stakes in AAT. Vanguard Group Inc. raised its holdings in American Assets Trust by 10.9% in the 1st quarter. Vanguard Group Inc. now owns 8,155,531 shares of the real estate investment trust's stock valued at $178,688,000 after acquiring an additional 804,009 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of American Assets Trust by 1,140.3% in the 1st quarter. SG Americas Securities LLC now owns 175,550 shares of the real estate investment trust's stock valued at $3,846,000 after purchasing an additional 161,396 shares during the period. Janus Henderson Group PLC grew its stake in shares of American Assets Trust by 633.0% in the 1st quarter. Janus Henderson Group PLC now owns 166,411 shares of the real estate investment trust's stock valued at $3,644,000 after purchasing an additional 143,707 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in shares of American Assets Trust in the 1st quarter valued at approximately $1,776,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of American Assets Trust by 9.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 779,127 shares of the real estate investment trust's stock valued at $17,436,000 after purchasing an additional 69,985 shares during the period. Institutional investors and hedge funds own 90.43% of the company's stock.

American Assets Trust Stock Up 2.2 %

Shares of AAT traded up $0.60 during trading hours on Tuesday, hitting $27.79. 264,878 shares of the company were exchanged, compared to its average volume of 285,957. The company has a market cap of $1.69 billion, a PE ratio of 31.22 and a beta of 1.30. The firm's 50 day moving average is $26.34 and its 200-day moving average is $23.68. American Assets Trust has a 52 week low of $17.15 and a 52 week high of $28.23. The company has a debt-to-equity ratio of 1.48, a quick ratio of 3.03 and a current ratio of 3.03.

American Assets Trust (NYSE:AAT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.33). American Assets Trust had a return on equity of 4.62% and a net margin of 12.00%. The business had revenue of $110.89 million for the quarter, compared to analyst estimates of $107.66 million. During the same period in the prior year, the firm posted $0.59 EPS. On average, equities research analysts forecast that American Assets Trust will post 2.32 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were issued a $0.335 dividend. The ex-dividend date was Thursday, September 5th. This represents a $1.34 annualized dividend and a yield of 4.82%. American Assets Trust's dividend payout ratio (DPR) is 150.56%.

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.