Strs Ohio Sells 500 Shares of American Assets Trust, Inc. (NYSE:AAT)

Strs Ohio trimmed its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 4.8% during the fourth quarter, HoldingsChannel reports. The firm owned 10,000 shares of the real estate investment trust’s stock after selling 500 shares during the quarter. Strs Ohio’s holdings in American Assets Trust were worth $225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its stake in shares of American Assets Trust by 87.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,838 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 856 shares during the period. Van ECK Associates Corp increased its holdings in American Assets Trust by 18.2% in the 3rd quarter. Van ECK Associates Corp now owns 6,477 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 998 shares during the last quarter. Coldstream Capital Management Inc. bought a new stake in American Assets Trust in the 3rd quarter valued at about $224,000. Custom Index Systems LLC purchased a new stake in American Assets Trust during the fourth quarter valued at about $258,000. Finally, Quadrature Capital Ltd bought a new position in American Assets Trust during the third quarter worth about $303,000. Institutional investors own 90.43% of the company’s stock.

American Assets Trust Trading Up 2.3 %

NYSE:AAT opened at $21.72 on Tuesday. American Assets Trust, Inc. has a 1 year low of $17.06 and a 1 year high of $23.92. The stock’s fifty day moving average price is $21.24 and its two-hundred day moving average price is $21.11. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.93 and a quick ratio of 2.93. The company has a market cap of $1.32 billion, a P/E ratio of 25.86 and a beta of 1.26.

American Assets Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a dividend of $0.335 per share. This is a boost from American Assets Trust’s previous quarterly dividend of $0.33. The ex-dividend date was Wednesday, March 6th. This represents a $1.34 dividend on an annualized basis and a yield of 6.17%. American Assets Trust’s dividend payout ratio is 159.52%.

Wall Street Analyst Weigh In

Separately, Mizuho reduced their target price 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 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.