Vident Advisory LLC Lowers Stock Position in American Assets Trust, Inc. (NYSE:AAT)

Vident Advisory LLC lessened its holdings in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 40.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 56,629 shares of the real estate investment trust's stock after selling 39,118 shares during the period. Vident Advisory LLC owned about 0.09% of American Assets Trust worth $1,487,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Barclays PLC lifted its position in American Assets Trust by 110.5% during the third quarter. Barclays PLC now owns 110,220 shares of the real estate investment trust's stock valued at $2,946,000 after acquiring an additional 57,850 shares during the last quarter. Amundi increased its stake in American Assets Trust by 40.4% during the 4th quarter. Amundi now owns 50,464 shares of the real estate investment trust's stock valued at $1,229,000 after purchasing an additional 14,527 shares in the last quarter. Raymond James Financial Inc. acquired a new position in American Assets Trust during the 4th quarter valued at approximately $1,703,000. Norges Bank acquired a new position in American Assets Trust during the 4th quarter valued at approximately $6,010,000. Finally, Thrivent Financial for Lutherans increased its stake in 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 purchasing an additional 69,812 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have 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 research note 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 research note on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of American Assets Trust from a "hold" rating to a "buy" rating in a research note on Saturday.

American Assets Trust Stock Performance

Shares of NYSE:AAT traded down $0.10 during midday trading on Wednesday, reaching $19.74. The company's stock had a trading volume of 35,268 shares, compared to its average volume of 315,485. The firm has a market capitalization of $1.21 billion, a PE ratio of 22.22 and a beta of 1.13. American Assets Trust, Inc. has a twelve month low of $16.69 and a twelve month high of $29.15. The stock has a fifty day moving average of $19.18 and a 200 day moving average of $22.79. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 1.80.

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

American Assets Trust Dividend Announcement

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 paid a $0.34 dividend. The ex-dividend date is Thursday, June 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.89%. American Assets Trust's payout ratio is currently 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.