Connor Clark & Lunn Investment Management Ltd. Has $482,000 Stake in American Assets Trust, Inc. (NYSE:AAT)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in American Assets Trust, Inc. (NYSE:AAT) by 25.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,039 shares of the real estate investment trust’s stock after acquiring an additional 3,607 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in American Assets Trust were worth $482,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of AAT. Vanguard Group Inc. boosted its stake in American Assets Trust by 10.9% in the first quarter. Vanguard Group Inc. now owns 8,155,531 shares of the real estate investment trust’s stock worth $178,688,000 after purchasing an additional 804,009 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in American Assets Trust by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,099 shares of the real estate investment trust’s stock worth $638,000 after buying an additional 1,735 shares in the last quarter. Janus Henderson Group PLC grew its holdings in American Assets Trust by 633.0% during the 1st quarter. Janus Henderson Group PLC now owns 166,411 shares of the real estate investment trust’s stock worth $3,644,000 after acquiring an additional 143,707 shares during the last quarter. Boston Partners acquired a new stake in American Assets Trust in the 1st quarter valued at about $807,000. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of American Assets Trust by 200.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 35,179 shares of the real estate investment trust’s stock worth $763,000 after acquiring an additional 23,452 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AAT shares. 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. Mizuho increased 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.

American Assets Trust Stock Performance

Shares of NYSE:AAT opened at $28.45 on Friday. The company has a current ratio of 8.53, a quick ratio of 8.53 and a debt-to-equity ratio of 1.86. American Assets Trust, Inc. has a 1-year low of $19.63 and a 1-year high of $29.15. The stock has a market capitalization of $1.73 billion, a P/E ratio of 31.26 and a beta of 1.29. The business has a 50-day moving average price of $27.32 and a two-hundred day moving average price of $25.07.

American Assets Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date of this dividend is Thursday, December 5th. American Assets Trust’s dividend payout ratio (DPR) is 147.25%.

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.