American Assets Trust, Inc. (NYSE:AAT) Short Interest Update

American Assets Trust, Inc. (NYSE:AAT) was the recipient of a large decline in short interest in November. As of November 15th, there was short interest totalling 757,300 shares, a decline of 6.6% from the October 31st total of 810,700 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average trading volume of 229,300 shares, the days-to-cover ratio is currently 3.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AAT. Signaturefd LLC grew its stake in shares of American Assets Trust by 130.3% during the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 1,059 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in 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 buying an additional 488 shares during the last quarter. Quarry LP raised its stake in shares of American Assets Trust by 131.3% in the third 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 stake in American Assets Trust in the 3rd quarter valued at $103,000. Finally, Blue Trust Inc. raised its stake in shares of American Assets Trust by 516.3% in 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 during the period. 90.43% of the stock is owned by institutional investors.

American Assets Trust Stock Performance

Shares of American Assets Trust stock traded down $0.17 during midday trading on Tuesday, hitting $28.22. The company had a trading volume of 230,886 shares, compared to its average volume of 274,306. The business’s 50 day simple moving average is $27.38 and its two-hundred day simple moving average is $25.19. 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 1-year low of $20.03 and a 1-year high of $29.15. The stock has a market cap of $1.72 billion, a PE ratio of 31.01 and a beta of 1.30.

American Assets Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date of this dividend is Thursday, December 5th. American Assets Trust’s dividend payout ratio (DPR) is presently 147.25%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AAT shares. Mizuho boosted their price objective 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 company an “equal weight” rating in a research note on Wednesday, October 30th.

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.