American Assets Trust, Inc. (NYSE:AAT) Stock Holdings Trimmed by Vanguard Group Inc.

Vanguard Group Inc. lessened its stake in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,785,455 shares of the real estate investment trust's stock after selling 88,380 shares during the period. Vanguard Group Inc. owned about 12.78% of American Assets Trust worth $204,446,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP increased its position in shares of American Assets Trust by 131.3% in the 3rd quarter. Quarry LP now owns 2,163 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 1,228 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in American Assets Trust by 227.5% in the fourth 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. KBC Group NV increased its holdings in American Assets Trust by 56.5% in the fourth quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust's stock valued at $84,000 after buying an additional 1,161 shares during the last quarter. Vestcor Inc acquired a new stake in American Assets Trust during the third quarter valued at approximately $103,000. Finally, Verition Fund Management LLC bought a new position in American Assets Trust during the 3rd quarter worth approximately $217,000. 90.43% of the stock is owned by institutional investors and hedge funds.

American Assets Trust Stock Performance

Shares of NYSE:AAT traded down $0.61 during trading on Thursday, reaching $17.92. 632,593 shares of the company's stock traded hands, compared to its average volume of 299,087. The stock has a market capitalization of $1.10 billion, a P/E ratio of 20.14 and a beta of 1.12. American Assets Trust, Inc. has a 12 month low of $16.69 and a 12 month high of $29.15. The company has a 50 day moving average of $20.87 and a 200-day moving average of $24.62. The company has a debt-to-equity ratio of 1.80, a current ratio of 8.17 and a quick ratio of 8.17.

American Assets Trust (NYSE:AAT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.41. American Assets Trust had a return on equity of 4.98% and a net margin of 12.40%. On average, equities analysts expect that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a dividend of $0.34 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.36 annualized dividend and a dividend yield of 7.59%. This is a positive change from American Assets Trust's previous quarterly dividend of $0.34. American Assets Trust's dividend payout ratio is currently 152.81%.

Wall Street Analysts Forecast Growth

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

About American Assets Trust

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.