Short Interest in American Assets Trust, Inc. (NYSE:AAT) Declines By 10.1%

American Assets Trust, Inc. (NYSE:AAT) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 810,700 shares, a decrease of 10.1% from the October 15th total of 902,000 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average trading volume of 235,100 shares, the days-to-cover ratio is presently 3.4 days.

Analyst Upgrades and Downgrades

AAT has been the topic of a number of research reports. Mizuho raised their price target on shares of American Assets Trust from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Morgan Stanley increased their price target on shares of American Assets Trust from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th.

American Assets Trust Trading Up 0.3 %

NYSE:AAT traded up $0.07 on Monday, reaching $27.07. The stock had a trading volume of 175,617 shares, compared to its average volume of 276,676. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 29.75 and a beta of 1.29. The company has a debt-to-equity ratio of 1.86, a current ratio of 8.53 and a quick ratio of 8.53. American Assets Trust has a 12-month low of $18.44 and a 12-month high of $28.96. The firm’s fifty day moving average is $27.07 and its two-hundred day moving average is $24.76.

American Assets Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date is Thursday, December 5th. American Assets Trust’s payout ratio is 147.25%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AAT. Signaturefd LLC increased its stake in shares of American Assets Trust by 130.3% during the second quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 1,059 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in American Assets Trust by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,891 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 488 shares in the last quarter. Quarry LP boosted its position in American Assets Trust by 131.3% during the third 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 period. Vestcor Inc acquired a new position in American Assets Trust during the 3rd quarter worth $103,000. Finally, Blue Trust Inc. boosted its holdings in American Assets Trust by 516.3% in the 3rd quarter. Blue Trust Inc. now owns 5,775 shares of the real estate investment trust’s stock valued at $154,000 after purchasing an additional 4,838 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

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.