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

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

A number of other institutional investors and hedge funds also recently modified their holdings of AAT. Raymond James Financial Inc. acquired a new stake in shares of American Assets Trust during the 4th quarter valued at $1,703,000. Thrivent Financial for Lutherans lifted its position in shares of American Assets Trust by 187.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 107,116 shares of the real estate investment trust's stock valued at $2,813,000 after acquiring an additional 69,812 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of American Assets Trust by 38.1% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,638 shares of the real estate investment trust's stock valued at $673,000 after acquiring an additional 7,067 shares during the last quarter. Summit Global Investments lifted its position in shares of American Assets Trust by 49.4% during the 4th quarter. Summit Global Investments now owns 21,832 shares of the real estate investment trust's stock valued at $573,000 after acquiring an additional 7,221 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of American Assets Trust during the 4th quarter valued at $231,000. Institutional investors and hedge funds own 90.41% of the company's stock.

American Assets Trust Stock Up 1.5%

Shares of AAT traded up $0.29 during mid-day trading on Friday, reaching $20.33. The company's stock had a trading volume of 260,698 shares, compared to its average volume of 524,084. The business has a fifty day moving average of $20.13 and a 200 day moving average of $20.75. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 16.01 and a beta of 1.15. American Assets Trust, Inc. has a 1 year low of $16.69 and a 1 year high of $29.15. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 1.47.

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

American Assets Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date was Thursday, June 5th. American Assets Trust's dividend payout ratio (DPR) is presently 107.09%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wall Street Zen upgraded American Assets Trust from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Morgan Stanley reduced their target price on American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th.

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.