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

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

Institutional Investors Weigh In On American Assets Trust

Several institutional investors and hedge funds have recently bought and sold shares of AAT. Signaturefd LLC boosted its stake in shares of American Assets Trust by 130.3% in the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 1,059 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of American Assets Trust by 34.8% during the 3rd 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 in the last quarter. Quarry LP grew its position in shares of American Assets Trust by 131.3% during the 3rd quarter. Quarry LP now owns 2,163 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 1,228 shares during the period. Vestcor Inc bought a new position in shares of American Assets Trust during the 3rd quarter worth about $103,000. Finally, Blue Trust Inc. increased its holdings in shares of American Assets Trust by 516.3% during the third quarter. Blue Trust Inc. now owns 5,775 shares of the real estate investment trust’s stock valued at $154,000 after acquiring an additional 4,838 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

AAT has been the topic of several research analyst reports. Morgan Stanley raised their target price 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 lifted their price objective on shares of American Assets Trust from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, August 19th.

American Assets Trust Stock Performance

Shares of AAT traded up $0.07 during midday trading on Monday, reaching $27.07. 175,617 shares of the stock were exchanged, compared to its average volume of 276,676. American Assets Trust has a twelve month low of $18.44 and a twelve month high of $28.96. The company has a quick ratio of 8.53, a current ratio of 8.53 and a debt-to-equity ratio of 1.86. The stock’s 50 day simple moving average is $27.07 and its 200 day simple moving average is $24.76. The company has a market cap of $1.65 billion, a P/E ratio of 29.75 and a beta of 1.29.

American Assets Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid 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 yield of 4.95%. American Assets Trust’s dividend payout ratio (DPR) is presently 147.25%.

American Assets Trust Company 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.