Capital Square LLC Sells 666 Shares of American Assets Trust, Inc. (NYSE:AAT)

Capital Square LLC reduced its stake in American Assets Trust, Inc. (NYSE:AAT) by 6.6% during the third quarter, according to its most recent filing with the SEC. The fund owned 9,429 shares of the real estate investment trust’s stock after selling 666 shares during the quarter. Capital Square LLC’s holdings in American Assets Trust were worth $252,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Daiwa Securities Group Inc. grew its position in shares of American Assets Trust by 3.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 15,504 shares of the real estate investment trust’s stock valued at $414,000 after acquiring an additional 446 shares during the period. Custom Index Systems LLC lifted its holdings in American Assets Trust by 4.5% during the second quarter. Custom Index Systems LLC now owns 10,697 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 463 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of 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 valued at $50,000 after purchasing an additional 488 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of American Assets Trust by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,052 shares of the real estate investment trust’s stock valued at $605,000 after buying an additional 571 shares in the last quarter. Finally, Intech Investment Management LLC boosted its holdings in shares of American Assets Trust by 5.1% in the third quarter. Intech Investment Management LLC now owns 11,893 shares of the real estate investment trust’s stock worth $318,000 after acquiring an additional 582 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

American Assets Trust Trading Up 1.9 %

AAT stock traded up $0.54 during trading on Monday, hitting $28.62. 17,255 shares of the company traded hands, compared to its average volume of 274,203. The firm has a market capitalization of $1.74 billion, a PE ratio of 30.86 and a beta of 1.29. American Assets Trust, Inc. has a 1 year low of $18.44 and a 1 year high of $28.96. The company has a debt-to-equity ratio of 1.86, a quick ratio of 8.53 and a current ratio of 8.53. The company has a 50-day moving average of $27.21 and a 200-day moving average of $24.93.

American Assets Trust Announces Dividend

The firm also recently announced 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. The ex-dividend date is Thursday, December 5th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 4.68%. American Assets Trust’s dividend payout ratio is presently 147.25%.

Analysts Set New Price Targets

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

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.