Kennedy Capital Management Inc. Sells 48,464 Shares of American Assets Trust, Inc (NYSE:AAT)

Kennedy Capital Management Inc. decreased its holdings in American Assets Trust, Inc (NYSE:AAT) by 10.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 403,758 shares of the real estate investment trust’s stock after selling 48,464 shares during the quarter. American Assets Trust accounts for approximately 0.4% of Kennedy Capital Management Inc.’s investment portfolio, making the stock its 27th biggest holding. Kennedy Capital Management Inc. owned 0.84% of American Assets Trust worth $18,516,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. lifted its position in American Assets Trust by 2.2% in the 4th quarter. BlackRock Inc. now owns 6,641,382 shares of the real estate investment trust’s stock valued at $266,783,000 after acquiring an additional 142,551 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of American Assets Trust by 0.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,803,281 shares of the real estate investment trust’s stock worth $72,438,000 after buying an additional 4,900 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of American Assets Trust by 1.4% during the 4th quarter. Prudential Financial Inc. now owns 1,038,873 shares of the real estate investment trust’s stock worth $41,732,000 after buying an additional 13,978 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of American Assets Trust by 2.0% during the 3rd quarter. Teachers Advisors LLC now owns 766,352 shares of the real estate investment trust’s stock worth $28,577,000 after buying an additional 14,897 shares in the last quarter. Finally, Weiss Multi Strategy Advisers LLC lifted its position in shares of American Assets Trust by 49.6% during the 4th quarter. Weiss Multi Strategy Advisers LLC now owns 709,940 shares of the real estate investment trust’s stock worth $28,518,000 after buying an additional 235,440 shares in the last quarter. 94.86% of the stock is currently owned by institutional investors and hedge funds.

Shares of AAT stock traded up $0.87 during trading hours on Friday, hitting $47.12. 3,985,300 shares of the company were exchanged, compared to its average volume of 351,688. The company’s fifty day moving average price is $46.17. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.12 and a quick ratio of 2.12. American Assets Trust, Inc has a 52-week low of $35.37 and a 52-week high of $48.11. The firm has a market cap of $2.19 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 3.35 and a beta of 0.37.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.32). American Assets Trust had a return on equity of 3.86% and a net margin of 9.31%. The company had revenue of $85.32 million for the quarter, compared to analysts’ expectations of $82.06 million. Research analysts forecast that American Assets Trust, Inc will post 2.22 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $1.12 annualized dividend and a dividend yield of 2.38%. American Assets Trust’s payout ratio is currently 53.59%.

Several equities analysts have commented on AAT shares. Mizuho lifted their target price on shares of American Assets Trust to $48.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Wells Fargo & Co reissued a “buy” rating on shares of American Assets Trust in a research report on Thursday, March 7th. JMP Securities raised shares of American Assets Trust from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 30th. Zacks Investment Research cut shares of American Assets Trust from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. Finally, Morgan Stanley set a $51.00 target price on shares of American Assets Trust and gave the stock a “buy” rating in a research report on Wednesday, June 19th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $48.00.

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.

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

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