American Assets Trust, Inc. (NYSE:AAT) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 3.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,830 shares of the real estate investment trust’s stock after selling 1,780 shares during the period. State of Alaska Department of Revenue owned 0.08% of American Assets Trust worth $1,331,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in American Assets Trust by 10.9% during 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 purchasing an additional 804,009 shares during the period. SG Americas Securities LLC lifted its stake in American Assets Trust by 1,140.3% during the 1st quarter. SG Americas Securities LLC now owns 175,550 shares of the real estate investment trust’s stock worth $3,846,000 after acquiring an additional 161,396 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of American Assets Trust by 633.0% in the first quarter. Janus Henderson Group PLC now owns 166,411 shares of the real estate investment trust’s stock valued at $3,644,000 after purchasing an additional 143,707 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in American Assets Trust in the 1st quarter valued at approximately $1,776,000. Finally, Dimensional Fund Advisors LP grew its stake in American Assets Trust by 9.9% during the 2nd 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. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Morgan Stanley boosted their price target on shares of American Assets Trust from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Mizuho boosted their target price on shares of American Assets Trust from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th.

American Assets Trust Stock Down 1.2 %

AAT stock opened at $26.64 on Monday. The stock has a market cap of $1.62 billion, a P/E ratio of 29.27 and a beta of 1.29. The company has a current ratio of 8.53, a quick ratio of 3.03 and a debt-to-equity ratio of 1.86. American Assets Trust, Inc. has a twelve month low of $18.00 and a twelve month high of $28.44. The company’s 50 day moving average is $26.89 and its two-hundred day moving average is $24.25.

American Assets Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.335 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.34 annualized dividend and a yield of 5.03%. American Assets Trust’s dividend payout ratio is currently 147.25%.

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.