Bank of New York Mellon Corp raised its position in shares of American Assets Trust, Inc (NYSE:AAT) by 0.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 618,548 shares of the real estate investment trust’s stock after purchasing an additional 5,035 shares during the period. Bank of New York Mellon Corp’s holdings in American Assets Trust were worth $23,684,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. increased its holdings in shares of American Assets Trust by 2.0% in the 1st quarter. BlackRock Inc. now owns 6,288,817 shares of the real estate investment trust’s stock valued at $210,110,000 after acquiring an additional 126,074 shares during the period. Victory Capital Management Inc. increased its holdings in shares of American Assets Trust by 7.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,762,921 shares of the real estate investment trust’s stock valued at $67,502,000 after acquiring an additional 123,106 shares during the period. American Assets Investment Management LLC increased its holdings in shares of American Assets Trust by 76.5% in the 2nd quarter. American Assets Investment Management LLC now owns 1,455,336 shares of the real estate investment trust’s stock valued at $55,739,000 after acquiring an additional 630,764 shares during the period. Millennium Management LLC increased its holdings in shares of American Assets Trust by 175.1% in the 1st quarter. Millennium Management LLC now owns 1,050,506 shares of the real estate investment trust’s stock valued at $35,097,000 after acquiring an additional 668,669 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of American Assets Trust by 3.5% in the 1st quarter. Northern Trust Corp now owns 953,023 shares of the real estate investment trust’s stock valued at $31,841,000 after acquiring an additional 32,259 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.

In other American Assets Trust news, CEO Ernest S. Rady bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were purchased at an average cost of $38.78 per share, for a total transaction of $193,900.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ernest S. Rady bought 7,001 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The shares were acquired at an average price of $38.67 per share, for a total transaction of $270,728.67. The disclosure for this purchase can be found here. 34.15% of the stock is owned by insiders.

Shares of NYSE:AAT opened at $38.28 on Friday. American Assets Trust, Inc has a 12-month low of $30.62 and a 12-month high of $41.69. The firm has a market capitalization of $1.83 billion, a PE ratio of 20.17, a P/E/G ratio of 3.51 and a beta of 0.32. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 1.56.

American Assets Trust (NYSE:AAT) last announced its earnings results on Tuesday, July 31st. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.44). American Assets Trust had a return on equity of 2.25% and a net margin of 5.70%. The business had revenue of $85.02 million for the quarter, compared to analysts’ expectations of $80.21 million. equities research analysts forecast that American Assets Trust, Inc will post 2.07 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Thursday, September 13th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, September 12th. This represents a $1.08 annualized dividend and a yield of 2.82%. American Assets Trust’s dividend payout ratio (DPR) is 56.25%.

AAT has been the topic of a number of analyst reports. Zacks Investment Research upgraded American Assets Trust from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Wednesday, July 11th. ValuEngine upgraded American Assets Trust from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, Morgan Stanley lifted their price target on American Assets Trust from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, June 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $41.20.

About American Assets Trust

American Assets Trust, Inc (the ?company?) is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier retail, office 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, Oregon, Washington, Texas and Hawaii.

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Institutional Ownership by Quarter for American Assets Trust (NYSE:AAT)

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