IndexIQ Advisors LLC Has $597,000 Position in American Assets Trust, Inc. (NYSE:AAT)

IndexIQ Advisors LLC cut its stake in shares of American Assets Trust, Inc. (NYSE:AATGet Rating) by 11.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,918 shares of the real estate investment trust’s stock after selling 2,106 shares during the quarter. IndexIQ Advisors LLC’s holdings in American Assets Trust were worth $597,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Cramer Rosenthal Mcglynn LLC boosted its position in American Assets Trust by 10.4% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,848,306 shares of the real estate investment trust’s stock valued at $69,164,000 after buying an additional 174,051 shares in the last quarter. American Assets Investment Management LLC boosted its holdings in shares of American Assets Trust by 0.7% during the 4th quarter. American Assets Investment Management LLC now owns 1,465,336 shares of the real estate investment trust’s stock valued at $54,994,000 after acquiring an additional 10,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of American Assets Trust by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 775,974 shares of the real estate investment trust’s stock valued at $29,038,000 after acquiring an additional 6,080 shares in the last quarter. Bank of New York Mellon Corp grew its position in American Assets Trust by 2.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 729,779 shares of the real estate investment trust’s stock worth $27,308,000 after acquiring an additional 19,173 shares during the last quarter. Finally, LSV Asset Management increased its holdings in American Assets Trust by 39.5% in the 3rd quarter. LSV Asset Management now owns 719,700 shares of the real estate investment trust’s stock worth $26,931,000 after purchasing an additional 203,800 shares in the last quarter. Institutional investors and hedge funds own 94.66% of the company’s stock.

Shares of NYSE AAT opened at $36.09 on Monday. The company’s 50 day moving average price is $36.53 and its 200-day moving average price is $37.09. The company has a debt-to-equity ratio of 1.37, a quick ratio of 3.56 and a current ratio of 3.56. American Assets Trust, Inc. has a 52-week low of $33.23 and a 52-week high of $40.83. The company has a market capitalization of $2.18 billion, a P/E ratio of 75.19, a price-to-earnings-growth ratio of 2.32 and a beta of 1.18.

American Assets Trust (NYSE:AATGet Rating) last released its earnings results on Tuesday, February 8th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. American Assets Trust had a net margin of 7.55% and a return on equity of 2.32%. During the same period last year, the business earned $0.41 EPS. Analysts forecast that American Assets Trust, Inc. will post 2.15 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 24th. Investors of record on Thursday, March 10th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, March 9th. This represents a $1.28 annualized dividend and a yield of 3.55%. This is a boost from American Assets Trust’s previous quarterly dividend of $0.30. American Assets Trust’s dividend payout ratio (DPR) is currently 266.67%.

In related news, CEO Ernest S. Rady purchased 10,000 shares of American Assets Trust stock in a transaction on Monday, February 14th. The stock was acquired at an average cost of $34.90 per share, for a total transaction of $349,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernest S. Rady acquired 3,471 shares of the company’s stock in a transaction dated Thursday, February 24th. The shares were bought at an average price of $34.90 per share, for a total transaction of $121,137.90. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 38,613 shares of company stock valued at $1,381,507. 33.67% of the stock is currently owned by corporate insiders.

AAT has been the topic of several research reports. StockNews.com initiated coverage on American Assets Trust in a report on Thursday, March 31st. They set a “hold” rating on the stock. Mizuho decreased their price target on shares of American Assets Trust from $40.00 to $37.00 and set a “neutral” rating for the company in a research report on Tuesday, February 15th. Morgan Stanley dropped their price target on shares of American Assets Trust from $37.00 to $35.00 and set an “equal weight” rating for the company in a research note on Monday, March 21st. TheStreet raised shares of American Assets Trust from a “c” rating to a “b-” rating in a research note on Monday, March 21st. Finally, Zacks Investment Research raised American Assets Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, March 23rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, American Assets Trust presently has a consensus rating of “Hold” and a consensus target price of $39.25.

About American Assets Trust (Get Rating)

American Assets Trust, Inc 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 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, Oregon, Washington, Texas and Hawaii.

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

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