DekaBank Deutsche Girozentrale Sells 9,620 Shares of American Assets Trust, Inc. (NYSE:AAT)

DekaBank Deutsche Girozentrale decreased its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 27.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 25,559 shares of the real estate investment trust’s stock after selling 9,620 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in American Assets Trust were worth $563,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Texas Permanent School Fund Corp lifted its position in American Assets Trust by 12.0% in the second quarter. Texas Permanent School Fund Corp now owns 47,773 shares of the real estate investment trust’s stock worth $1,069,000 after purchasing an additional 5,137 shares during the period. LSV Asset Management raised its stake in American Assets Trust by 1.3% during the second quarter. LSV Asset Management now owns 2,114,348 shares of the real estate investment trust’s stock worth $47,319,000 after acquiring an additional 26,618 shares in the last quarter. Custom Index Systems LLC lifted its holdings in shares of American Assets Trust by 4.5% during the second quarter. Custom Index Systems LLC now owns 10,697 shares of the real estate investment trust’s stock valued at $239,000 after acquiring an additional 463 shares during the period. Wolverine Asset Management LLC boosted its stake in shares of American Assets Trust by 376.8% in the 2nd quarter. Wolverine Asset Management LLC now owns 41,485 shares of the real estate investment trust’s stock valued at $928,000 after purchasing an additional 32,784 shares in the last quarter. Finally, Ritholtz Wealth Management acquired a new stake in shares of American Assets Trust in the 2nd quarter valued at $475,000. Institutional investors own 90.43% of the company’s stock.

Analyst Ratings Changes

Separately, Mizuho lifted their price target on shares of American Assets Trust from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, August 19th.

American Assets Trust Stock Down 1.6 %

NYSE:AAT opened at $26.94 on Friday. The stock’s fifty day simple moving average is $25.69 and its 200-day simple moving average is $22.98. The firm has a market capitalization of $1.64 billion, a P/E ratio of 30.27 and a beta of 1.30. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 1.48. American Assets Trust, Inc. has a 12-month low of $17.15 and a 12-month high of $27.79.

American Assets Trust (NYSE:AAT) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.33). The company had revenue of $110.89 million for the quarter, compared to the consensus estimate of $107.66 million. American Assets Trust had a return on equity of 4.62% and a net margin of 12.00%. During the same quarter last year, the business posted $0.59 EPS. Equities research analysts expect that American Assets Trust, Inc. will post 2.41 earnings per share for the current year.

American Assets Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 4.97%. The ex-dividend date was Thursday, September 5th. American Assets Trust’s payout ratio is presently 150.56%.

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.