American Assets Trust, Inc. (NYSE:AAT) Holdings Lowered by Summit Global Investments

Summit Global Investments trimmed its stake in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 62.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,611 shares of the real estate investment trust's stock after selling 24,614 shares during the quarter. Summit Global Investments' holdings in American Assets Trust were worth $390,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of American Assets Trust by 10.9% in the first quarter. Vanguard Group Inc. now owns 8,155,531 shares of the real estate investment trust's stock worth $178,688,000 after acquiring an additional 804,009 shares in the last quarter. LSV Asset Management raised its position in American Assets Trust by 1.3% in the second quarter. LSV Asset Management now owns 2,114,348 shares of the real estate investment trust's stock valued at $47,319,000 after purchasing an additional 26,618 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of American Assets Trust by 9.9% during the second quarter. Dimensional Fund Advisors LP now owns 779,127 shares of the real estate investment trust's stock worth $17,436,000 after purchasing an additional 69,985 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of American Assets Trust by 11.5% in the second quarter. Panagora Asset Management Inc. now owns 255,040 shares of the real estate investment trust's stock worth $5,708,000 after buying an additional 26,211 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of American Assets Trust by 1,140.3% in the first quarter. SG Americas Securities LLC now owns 175,550 shares of the real estate investment trust's stock valued at $3,846,000 after buying an additional 161,396 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Mizuho lifted their price objective on shares of American Assets Trust from $22.00 to $26.00 and gave the company a "neutral" rating in a research note on Monday, August 19th. Morgan Stanley increased their target price on American Assets Trust from $23.00 to $24.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th.

American Assets Trust Stock Performance

NYSE:AAT traded up $0.31 during midday trading on Monday, reaching $28.25. 38,087 shares of the company traded hands, compared to its average volume of 277,851. American Assets Trust, Inc. has a twelve month low of $18.00 and a twelve month high of $28.96. The company has a debt-to-equity ratio of 1.86, a current ratio of 8.53 and a quick ratio of 3.03. The company has a fifty day moving average price of $26.96 and a 200 day moving average price of $24.51. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 30.70 and a beta of 1.29.

American Assets Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.335 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.34 annualized dividend and a dividend yield of 4.74%. American Assets Trust's dividend payout ratio is currently 147.25%.

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.