Nuveen Asset Management LLC Decreases Stock Position in American Assets Trust, Inc. (NYSE:AAT)

Nuveen Asset Management LLC lessened its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 11.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 976,821 shares of the real estate investment trust’s stock after selling 123,648 shares during the quarter. Nuveen Asset Management LLC’s holdings in American Assets Trust were worth $25,651,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AAT. Loomis Sayles & Co. L P bought a new position in American Assets Trust in the 4th quarter valued at $44,000. Smartleaf Asset Management LLC grew its position in American Assets Trust by 227.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,463 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 1,711 shares during the last quarter. Federated Hermes Inc. grew its position in American Assets Trust by 62.7% in the 4th quarter. Federated Hermes Inc. now owns 2,827 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 1,089 shares during the last quarter. KBC Group NV grew its position in American Assets Trust by 56.5% in the 4th quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust’s stock valued at $84,000 after acquiring an additional 1,161 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in American Assets Trust in the 4th quarter valued at $231,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

American Assets Trust Price Performance

AAT opened at $19.10 on Friday. American Assets Trust, Inc. has a 12-month low of $16.69 and a 12-month high of $29.15. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 1.80. The business’s fifty day simple moving average is $19.25 and its 200-day simple moving average is $23.00. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 21.46 and a beta of 1.13.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.52 earnings per share (EPS) 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 business had revenue of $108.61 million for the quarter, compared to the consensus estimate of $112.05 million. On average, equities research analysts anticipate that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 7.12%. The ex-dividend date of this dividend is Thursday, June 5th. American Assets Trust’s payout ratio is 107.09%.

Wall Street Analyst Weigh In

Several brokerages have commented on AAT. Mizuho cut their price objective 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. Morgan Stanley cut their price objective 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.

About American Assets Trust

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.