Bank of New York Mellon Corp Has $9.34 Million Stake in American Assets Trust, Inc. (NYSE:AAT)

Bank of New York Mellon Corp lowered its position in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 4.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 463,756 shares of the real estate investment trust's stock after selling 23,869 shares during the quarter. Bank of New York Mellon Corp owned 0.76% of American Assets Trust worth $9,340,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AAT. Wellington Management Group LLP boosted its holdings in American Assets Trust by 693.7% during the fourth quarter. Wellington Management Group LLP now owns 661,763 shares of the real estate investment trust's stock worth $17,378,000 after purchasing an additional 578,386 shares during the last quarter. Norges Bank bought a new position in shares of American Assets Trust in the 4th quarter valued at about $6,010,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of American Assets Trust in the fourth quarter valued at about $4,829,000. Northern Trust Corp raised its holdings in American Assets Trust by 16.0% during the fourth quarter. Northern Trust Corp now owns 856,868 shares of the real estate investment trust's stock worth $22,501,000 after acquiring an additional 118,315 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in American Assets Trust by 112.9% during the fourth quarter. Renaissance Technologies LLC now owns 195,200 shares of the real estate investment trust's stock valued at $5,126,000 after purchasing an additional 103,500 shares during the last quarter. 90.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AAT. Morgan Stanley lowered their price target on American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Wall Street Zen upgraded shares of American Assets Trust from a "hold" rating to a "buy" rating in a report on Sunday.

American Assets Trust Stock Performance

NYSE:AAT traded down $0.07 during mid-day trading on Thursday, hitting $20.19. The stock had a trading volume of 79,050 shares, compared to its average volume of 421,570. American Assets Trust, Inc. has a twelve month low of $16.69 and a twelve month high of $29.15. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 15.90 and a beta of 1.15. The company's 50 day simple moving average is $20.11 and its 200 day simple moving average is $20.82. The company has a debt-to-equity ratio of 1.47, a quick ratio of 4.12 and a current ratio of 4.12.

American Assets Trust (NYSE:AAT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.07. American Assets Trust had a return on equity of 7.02% and a net margin of 17.57%. The business had revenue of $108.61 million for the quarter, compared to analysts' expectations of $112.05 million. On average, equities research analysts forecast that American Assets Trust, Inc. will post 1.94 earnings per share for the current year.

American Assets Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.74%. The ex-dividend date of this dividend was Thursday, June 5th. American Assets Trust's dividend payout ratio is presently 107.09%.

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.