Rhumbline Advisers Has $2.92 Million Holdings in American Assets Trust, Inc. (NYSE:AAT)

Rhumbline Advisers cut its holdings in American Assets Trust, Inc. (NYSE:AAT) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 144,913 shares of the real estate investment trust’s stock after selling 7,505 shares during the quarter. Rhumbline Advisers owned 0.24% of American Assets Trust worth $2,919,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. lifted its stake 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 buying an additional 6,039 shares during the period. Charles Schwab Investment Management Inc. lifted its stake 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 buying an additional 8,337 shares during the period. Northern Trust Corp lifted its stake 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 buying an additional 118,315 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake 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 buying an additional 55,762 shares during the period. Finally, Wellington Management Group LLP lifted its stake 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 buying an additional 578,386 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Wall Street Zen raised American Assets Trust from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. Morgan Stanley lowered their target price 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. Finally, Mizuho lowered their target price on American Assets Trust from $28.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th.

American Assets Trust Price Performance

Shares of NYSE:AAT opened at $20.16 on Monday. 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, Inc. has a twelve month low of $16.69 and a twelve month high of $29.15. The stock’s 50 day moving average is $19.30 and its 200-day moving average is $22.06. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 22.65 and a beta of 1.16.

American Assets Trust (NYSE:AAT) last issued its earnings results 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. American Assets Trust had a return on equity of 4.98% and a net margin of 12.40%. The company had revenue of $108.61 million for the quarter, compared to analyst estimates of $112.05 million. Sell-side analysts forecast that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 6.75%. The ex-dividend date is Thursday, June 5th. 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.