Nuveen Asset Management LLC Decreases Stock Holdings in American Assets Trust, Inc. (NYSE:AAT)

Nuveen Asset Management LLC lessened its position in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 11.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 976,821 shares of the real estate investment trust's stock after selling 123,648 shares during the quarter. Nuveen Asset Management LLC owned approximately 1.60% of American Assets Trust worth $25,651,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Millennium Management LLC increased its stake in shares of American Assets Trust by 22.3% in the 4th quarter. Millennium Management LLC now owns 346,167 shares of the real estate investment trust's stock valued at $9,090,000 after acquiring an additional 63,023 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of American Assets Trust by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,250 shares of the real estate investment trust's stock valued at $716,000 after acquiring an additional 971 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of American Assets Trust by 120.6% in the 4th quarter. Lazard Asset Management LLC now owns 50,193 shares of the real estate investment trust's stock valued at $1,317,000 after acquiring an additional 27,436 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of American Assets Trust in the 4th quarter valued at $858,000. Finally, Graham Capital Management L.P. bought a new stake in shares of American Assets Trust in the 4th quarter valued at $441,000. Institutional investors and hedge funds own 90.43% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AAT shares. Mizuho reduced their price target 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. Wall Street Zen raised shares of American Assets Trust from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Morgan Stanley reduced their price target on shares of American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th.

American Assets Trust Price Performance

American Assets Trust stock traded down $0.05 during midday trading on Wednesday, reaching $19.79. 18,307 shares of the stock were exchanged, compared to its average volume of 315,393. The company's fifty day moving average is $19.18 and its 200-day moving average is $22.79. 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 52 week low of $16.69 and a 52 week high of $29.15. The firm has a market cap of $1.21 billion, a PE ratio of 22.24 and a beta of 1.13.

American Assets Trust (NYSE:AAT - Get Free Report) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.07. The business 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 4.98% and a net margin of 12.40%. On average, sell-side analysts forecast that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.34 per share. The ex-dividend date is Thursday, June 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.87%. American Assets Trust's dividend payout ratio is currently 107.09%.

About American Assets Trust

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.