Wells Fargo & Company MN Reduces Stake in American Assets Trust, Inc (NYSE:AAT)

Wells Fargo & Company MN lowered its holdings in American Assets Trust, Inc (NYSE:AAT) by 7.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 185,895 shares of the real estate investment trust’s stock after selling 15,349 shares during the quarter. Wells Fargo & Company MN’s holdings in American Assets Trust were worth $8,760,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in shares of American Assets Trust by 4.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,865 shares of the real estate investment trust’s stock valued at $276,000 after acquiring an additional 247 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of American Assets Trust by 2.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 11,320 shares of the real estate investment trust’s stock valued at $533,000 after purchasing an additional 250 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of American Assets Trust by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 14,630 shares of the real estate investment trust’s stock valued at $671,000 after purchasing an additional 264 shares during the period. Marshall Wace North America L.P. boosted its position in shares of American Assets Trust by 32.9% in the 1st quarter. Marshall Wace North America L.P. now owns 1,211 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 300 shares during the period. Finally, 6 Meridian boosted its position in shares of American Assets Trust by 1.8% in the 2nd quarter. 6 Meridian now owns 16,758 shares of the real estate investment trust’s stock valued at $790,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 96.06% of the company’s stock.

Shares of NYSE AAT traded up $0.36 during trading hours on Friday, reaching $47.50. The stock had a trading volume of 8,644 shares, compared to its average volume of 273,985. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 3.41 and a beta of 0.37. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.01. American Assets Trust, Inc has a fifty-two week low of $35.37 and a fifty-two week high of $48.30. The firm has a 50-day moving average of $46.91 and a 200-day moving average of $46.17.



American Assets Trust (NYSE:AAT) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.34). The firm had revenue of $84.11 million during the quarter, compared to analyst estimates of $80.72 million. American Assets Trust had a net margin of 11.08% and a return on equity of 3.99%. On average, equities analysts predict that American Assets Trust, Inc will post 2.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $1.12 dividend on an annualized basis and a yield of 2.36%. American Assets Trust’s payout ratio is 53.59%.

A number of brokerages recently issued reports on AAT. Zacks Investment Research raised American Assets Trust from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Tuesday, July 23rd. Morgan Stanley set a $51.00 target price on American Assets Trust and gave the company a “buy” rating in a research report on Wednesday, June 19th. ValuEngine cut American Assets Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, JMP Securities raised American Assets Trust from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 30th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $50.00.

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.

Recommended Story: Preferred Stock

Want to see what other hedge funds are holding AAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Assets Trust, Inc (NYSE:AAT).

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

Receive News & Ratings for American Assets Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Assets Trust and related companies with MarketBeat.com's FREE daily email newsletter.