Adage Capital Partners GP L.L.C. Sells 405,267 Shares of American Assets Trust, Inc. (NYSE:AAT)

Adage Capital Partners GP L.L.C. reduced its position in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 48.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 438,292 shares of the real estate investment trust's stock after selling 405,267 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.72% of American Assets Trust worth $11,510,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AAT. T. Rowe Price Investment Management Inc. boosted its position in shares of American Assets Trust by 0.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,793,745 shares of the real estate investment trust's stock worth $47,104,000 after acquiring an additional 6,039 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of American Assets Trust by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,483,021 shares of the real estate investment trust's stock valued at $38,944,000 after purchasing an additional 8,337 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of American Assets Trust by 8.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 728,386 shares of the real estate investment trust's stock valued at $19,127,000 after purchasing an additional 55,762 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of American Assets Trust by 693.7% during the 4th quarter. Wellington Management Group LLP now owns 661,763 shares of the real estate investment trust's stock worth $17,378,000 after buying an additional 578,386 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of American Assets Trust by 11.6% during the 4th quarter. JPMorgan Chase & Co. now owns 652,216 shares of the real estate investment trust's stock worth $17,127,000 after buying an additional 67,687 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on AAT. Morgan Stanley lowered their target price on American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Mizuho lowered their price objective on shares of American Assets Trust from $28.00 to $22.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th.

American Assets Trust Price Performance

Shares of AAT traded up $0.26 during trading hours on Friday, reaching $19.09. The stock had a trading volume of 410,420 shares, compared to its average volume of 312,362. 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, Inc. has a 12 month low of $16.69 and a 12 month high of $29.15. The stock has a market capitalization of $1.17 billion, a PE ratio of 21.45 and a beta of 1.12. The company's 50-day moving average is $19.75 and its two-hundred day moving average is $23.75.

American Assets Trust (NYSE:AAT - Get Free Report) last posted its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.52 EPS for the quarter, beating the consensus estimate of $0.45 by $0.07. The firm had revenue of $108.61 million during the quarter, compared to the consensus estimate of $112.05 million. American Assets Trust had a return on equity of 4.98% and a net margin of 12.40%. Research analysts expect that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 7.12%. The ex-dividend date of this dividend is Thursday, June 5th. American Assets Trust's payout ratio is 107.09%.

American Assets Trust Company 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.