Ameriprise Financial Inc. Has $29.22 Million Position in American Assets Trust, Inc. (NYSE:AAT)

Ameriprise Financial Inc. reduced its holdings in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,112,864 shares of the real estate investment trust's stock after selling 45,454 shares during the quarter. Ameriprise Financial Inc. owned 1.83% of American Assets Trust worth $29,224,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AAT. T. Rowe Price Investment Management Inc. raised its holdings in American Assets Trust by 0.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,793,745 shares of the real estate investment trust's stock valued at $47,104,000 after acquiring an additional 6,039 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in American Assets Trust by 0.6% in the fourth 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 acquiring an additional 8,337 shares in the last quarter. Northern Trust Corp raised its holdings in American Assets Trust by 16.0% in the fourth quarter. Northern Trust Corp now owns 856,868 shares of the real estate investment trust's stock valued at $22,501,000 after acquiring an additional 118,315 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in American Assets Trust by 8.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 728,386 shares of the real estate investment trust's stock valued at $19,127,000 after acquiring an additional 55,762 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in American Assets Trust by 693.7% in the fourth quarter. Wellington Management Group LLP now owns 661,763 shares of the real estate investment trust's stock valued at $17,378,000 after acquiring an additional 578,386 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

American Assets Trust Price Performance

Shares of NYSE:AAT traded up $0.20 during trading hours on Monday, hitting $20.14. 347,097 shares of the company's stock traded hands, compared to its average volume of 316,444. American Assets Trust, Inc. has a 52 week low of $16.69 and a 52 week high of $29.15. The company has a debt-to-equity ratio of 1.80, a quick ratio of 8.17 and a current ratio of 8.17. The company's fifty day simple moving average is $19.28 and its two-hundred day simple moving average is $23.10. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 22.63 and a beta of 1.13.

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

American Assets Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $1.36 annualized dividend and a dividend yield of 6.75%. American Assets Trust's dividend payout ratio (DPR) is 107.09%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AAT shares. Mizuho cut 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 report on Tuesday, February 25th. Morgan Stanley cut their price target on shares of American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th.

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.