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 cut its position in shares of American Assets Trust, Inc. (NYSE:AAT) by 4.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (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 0.76% of American Assets Trust worth $9,340,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. bought a new position in American Assets Trust in the 1st quarter valued at approximately $265,000. Raymond James Financial Inc. acquired a new stake in shares of American Assets Trust during the fourth quarter worth $1,703,000. Norges Bank acquired a new stake in shares of American Assets Trust during the fourth quarter worth $6,010,000. Thrivent Financial for Lutherans grew its holdings in American Assets Trust by 187.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 107,116 shares of the real estate investment trust’s stock worth $2,813,000 after purchasing an additional 69,812 shares during the period. Finally, Millennium Management LLC grew its holdings in American Assets Trust by 22.3% in the fourth quarter. Millennium Management LLC now owns 346,167 shares of the real estate investment trust’s stock worth $9,090,000 after purchasing an additional 63,023 shares during the period. Institutional investors and hedge funds own 90.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AAT shares. Wall Street Zen upgraded shares of American Assets Trust from a “hold” rating to a “buy” rating in a report on Sunday. Morgan Stanley lowered their price objective on shares of 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.

American Assets Trust Stock Down 0.4%

NYSE:AAT opened at $20.06 on Tuesday. The firm’s 50-day moving average price is $20.07 and its 200-day moving average price is $20.87. The company has a market capitalization of $1.23 billion, a PE ratio of 15.79 and a beta of 1.15. The company has a debt-to-equity ratio of 1.47, a current ratio of 4.12 and a quick ratio of 4.12. American Assets Trust, Inc. has a 1-year low of $16.69 and a 1-year high of $29.15.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.52 EPS for the quarter, beating the consensus estimate of $0.45 by $0.07. The company had revenue of $108.61 million for the quarter, compared to the consensus estimate of $112.05 million. American Assets Trust had a net margin of 17.57% and a return on equity of 7.02%. On average, equities analysts predict that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 6.78%. The ex-dividend date of this dividend was Thursday, June 5th. American Assets Trust’s dividend payout ratio (DPR) is presently 107.09%.

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.