Nisa Investment Advisors LLC Sells 2,246 Shares of American Assets Trust, Inc. (NYSE:AAT)

Nisa Investment Advisors LLC decreased its stake in American Assets Trust, Inc. (NYSE:AAT) by 9.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 22,652 shares of the real estate investment trust’s stock after selling 2,246 shares during the quarter. Nisa Investment Advisors LLC’s holdings in American Assets Trust were worth $510,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new position in American Assets Trust in the 2nd quarter valued at approximately $42,000. Allspring Global Investments Holdings LLC lifted its stake in American Assets Trust by 87.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,838 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 856 shares during the last quarter. Quarry LP bought a new position in American Assets Trust in the 1st quarter valued at approximately $35,000. Tower Research Capital LLC TRC lifted its stake in American Assets Trust by 18.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,738 shares of the real estate investment trust’s stock valued at $97,000 after purchasing an additional 588 shares during the last quarter. Finally, Evergreen Capital Management LLC bought a new position in American Assets Trust in the 1st quarter valued at approximately $206,000. Institutional investors own 90.43% of the company’s stock.

American Assets Trust Trading Up 0.5 %

Shares of NYSE AAT opened at $20.46 on Thursday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.93 and a current ratio of 2.93. American Assets Trust, Inc. has a 52-week low of $17.06 and a 52-week high of $23.92. The firm has a 50 day moving average price of $21.35 and a two-hundred day moving average price of $20.96. The stock has a market cap of $1.25 billion, a P/E ratio of 24.36 and a beta of 1.26.

American Assets Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a $0.335 dividend. This is a boost from American Assets Trust’s previous quarterly dividend of $0.33. This represents a $1.34 annualized dividend and a yield of 6.55%. The ex-dividend date was Wednesday, March 6th. American Assets Trust’s dividend payout ratio is 159.52%.

Wall Street Analyst Weigh In

Separately, Mizuho dropped their price objective on shares of American Assets Trust from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd.

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.