American Assets Trust, Inc (NYSE:AAT) Short Interest Up 43.4% in May

American Assets Trust, Inc (NYSE:AAT) was the target of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 879,700 shares, a growth of 43.4% from the April 30th total of 613,300 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average daily volume of 253,600 shares, the short-interest ratio is presently 3.5 days.

Shares of AAT stock traded up $0.12 during trading hours on Monday, hitting $47.37. The company had a trading volume of 16,485 shares, compared to its average volume of 670,005. American Assets Trust has a 12 month low of $35.37 and a 12 month high of $47.28. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 3.03 and a beta of 0.37. The stock’s fifty day moving average is $45.88. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.12 and a quick ratio of 2.12.

American Assets Trust (NYSE:AAT) last released its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.32). American Assets Trust had a net margin of 9.31% and a return on equity of 3.86%. The company had revenue of $85.32 million during the quarter, compared to the consensus estimate of $82.06 million. On average, research analysts expect that American Assets Trust will post 2.23 earnings per share for the current fiscal year.



The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $1.12 annualized dividend and a dividend yield of 2.36%. American Assets Trust’s dividend payout ratio is currently 53.59%.

Several hedge funds have recently added to or reduced their stakes in the company. Arizona State Retirement System raised its stake in shares of American Assets Trust by 0.4% during the 1st quarter. Arizona State Retirement System now owns 58,405 shares of the real estate investment trust’s stock worth $2,678,000 after purchasing an additional 228 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in American Assets Trust by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 14,630 shares of the real estate investment trust’s stock worth $671,000 after acquiring an additional 264 shares during the last quarter. Piedmont Investment Advisors Inc. increased its holdings in American Assets Trust by 3.3% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 9,002 shares of the real estate investment trust’s stock worth $362,000 after acquiring an additional 287 shares during the last quarter. Marshall Wace North America L.P. grew its holdings in American Assets Trust by 32.9% during the 1st quarter. Marshall Wace North America L.P. now owns 1,211 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 300 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in American Assets Trust by 19.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,114 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 348 shares in the last quarter. Institutional investors own 94.86% of the company’s stock.

Several equities analysts recently weighed in on AAT shares. TheStreet raised American Assets Trust from a “c” rating to a “b-” rating in a research report on Wednesday, May 1st. Wells Fargo & Co reissued a “buy” rating on shares of American Assets Trust in a research report on Thursday, March 7th. Mizuho boosted their price objective on American Assets Trust to $48.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Zacks Investment Research cut American Assets Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, February 20th. Finally, JMP Securities raised American Assets Trust from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 30th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $46.00.

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About American Assets Trust

American Assets Trust, Inc (the “company”) is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier retail, office 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, Oregon, Washington, Texas and Hawaii.

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