Bank of New York Mellon Corp Sells 10,910 Shares of American Assets Trust, Inc. (NYSE:AAT)

Bank of New York Mellon Corp reduced its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 2.2% in the fourth quarter, HoldingsChannel reports. The fund owned 487,625 shares of the real estate investment trust’s stock after selling 10,910 shares during the period. Bank of New York Mellon Corp’s holdings in American Assets Trust were worth $12,805,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Quarry LP lifted its holdings in shares of American Assets Trust by 131.3% during the third quarter. Quarry LP now owns 2,163 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 1,228 shares during the last quarter. KBC Group NV increased its holdings in shares of American Assets Trust by 56.5% during the fourth quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust’s stock valued at $84,000 after acquiring an additional 1,161 shares in the last quarter. Vestcor Inc purchased a new position in shares of American Assets Trust in the 3rd quarter worth about $103,000. Verition Fund Management LLC purchased a new position in shares of American Assets Trust in the 3rd quarter worth about $217,000. Finally, QRG Capital Management Inc. purchased a new stake in American Assets Trust during the 3rd quarter valued at about $228,000. Institutional investors own 90.43% of the company’s stock.

American Assets Trust Trading Down 0.9 %

American Assets Trust stock opened at $20.21 on Thursday. American Assets Trust, Inc. has a one year low of $20.01 and a one year high of $29.15. The business’s fifty day moving average is $23.34 and its 200 day moving average is $25.80. The stock has a market capitalization of $1.24 billion, a PE ratio of 22.71 and a beta of 1.33. The company has a debt-to-equity ratio of 1.80, a current ratio of 8.17 and a quick ratio of 8.17.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.55 EPS for the quarter, topping the consensus estimate of $0.14 by $0.41. American Assets Trust had a return on equity of 4.98% and a net margin of 12.40%. On average, sell-side analysts predict 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. Investors of record on Thursday, March 6th will be paid a dividend of $0.34 per share. The ex-dividend date is Thursday, March 6th. This is an increase from American Assets Trust’s previous quarterly dividend of $0.34. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.73%. American Assets Trust’s payout ratio is 152.81%.

Analysts Set New Price Targets

Separately, Mizuho decreased their target price on shares of American Assets Trust from $28.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th.

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.