American Assets Trust, Inc. (NYSE:AAT) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lowered its stake in American Assets Trust, Inc. (NYSE:AAT) by 2.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,826 shares of the real estate investment trust’s stock after selling 1,420 shares during the quarter. Alliancebernstein L.P. owned approximately 0.11% of American Assets Trust worth $1,755,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Loomis Sayles & Co. L P purchased a new stake in shares of American Assets Trust in the fourth quarter valued at $44,000. Smartleaf Asset Management LLC raised its stake in American Assets Trust by 227.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,463 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 1,711 shares during the last quarter. KBC Group NV lifted its holdings in American Assets Trust by 56.5% in the 4th quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 1,161 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of American Assets Trust during the 4th quarter worth about $231,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of American Assets Trust during the fourth quarter worth about $241,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

American Assets Trust Stock Performance

NYSE AAT opened at $19.01 on Friday. The business’s 50-day moving average price is $20.47 and its 200 day moving average price is $24.36. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 1.80. American Assets Trust, Inc. has a twelve month low of $16.69 and a twelve month high of $29.15. The company has a market capitalization of $1.16 billion, a PE ratio of 21.36 and a beta of 1.12.

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

American Assets Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.34 per share. The ex-dividend date was Thursday, March 6th. This is a boost from American Assets Trust’s previous quarterly dividend of $0.34. This represents a $1.36 annualized dividend and a dividend yield of 7.15%. American Assets Trust’s payout ratio is currently 152.81%.

Analyst Upgrades and Downgrades

Separately, Mizuho decreased their target price on shares of 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.

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.