American Assets Trust, Inc. (NYSE:AAT) Holdings Lowered by Rhumbline Advisers

Rhumbline Advisers lowered its holdings in American Assets Trust, Inc. (NYSE:AAT) by 2.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 152,418 shares of the real estate investment trust’s stock after selling 3,460 shares during the period. Rhumbline Advisers’ holdings in American Assets Trust were worth $4,002,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of AAT. Integrated Wealth Concepts LLC boosted its position in American Assets Trust by 2.3% during the third quarter. Integrated Wealth Concepts LLC now owns 17,076 shares of the real estate investment trust’s stock valued at $456,000 after purchasing an additional 388 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of American Assets Trust by 3.0% in 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in American Assets Trust by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,891 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 488 shares during the last quarter. Intech Investment Management LLC boosted its position in American Assets Trust by 5.1% during the third quarter. Intech Investment Management LLC now owns 11,893 shares of the real estate investment trust’s stock worth $318,000 after purchasing an additional 582 shares during the period. Finally, One Wealth Advisors LLC boosted its position in American Assets Trust by 7.9% during the fourth quarter. One Wealth Advisors LLC now owns 13,949 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 1,023 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Insider Buying and Selling

In other American Assets Trust news, COO Adam Wyll sold 30,238 shares of American Assets Trust stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $28.22, for a total transaction of $853,316.36. Following the completion of the sale, the chief operating officer now owns 45,595 shares of the company’s stock, valued at approximately $1,286,690.90. The trade was a 39.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 37.32% of the stock is currently owned by corporate insiders.

American Assets Trust Stock Up 0.1 %

NYSE AAT opened at $22.45 on Friday. American Assets Trust, Inc. has a twelve month low of $20.03 and a twelve month high of $29.15. The stock has a market cap of $1.37 billion, a PE ratio of 25.22 and a beta of 1.30. The firm has a 50-day simple moving average of $24.08 and a 200 day simple moving average of $26.02. The company has a debt-to-equity ratio of 1.80, a quick ratio of 8.17 and a current ratio of 8.17.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.41. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. On average, research analysts forecast that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.36 dividend on an annualized basis and a yield of 6.06%. This is a positive change from American Assets Trust’s previous quarterly dividend of $0.34. American Assets Trust’s dividend payout ratio is currently 152.81%.

Analyst Ratings Changes

Separately, Mizuho dropped their price target on shares of American Assets Trust from $28.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday.

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.