American Assets Trust, Inc. (NYSE:AAT) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC lowered its position in shares of American Assets Trust, Inc. (NYSE:AAT) by 45.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,851 shares of the real estate investment trust’s stock after selling 2,404 shares during the quarter. Wolverine Asset Management LLC’s holdings in American Assets Trust were worth $75,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of American Assets Trust by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,891 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 488 shares during the last quarter. Quarry LP raised its holdings in shares of American Assets Trust by 131.3% during the third quarter. Quarry LP now owns 2,163 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 1,228 shares during the last quarter. KBC Group NV raised its holdings in shares of American Assets Trust by 56.5% during the fourth 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. Vestcor Inc acquired a new position in shares of American Assets Trust during the third quarter valued at approximately $103,000. Finally, Blue Trust Inc. raised its holdings in shares of American Assets Trust by 516.3% during the third quarter. Blue Trust Inc. now owns 5,775 shares of the real estate investment trust’s stock valued at $154,000 after acquiring an additional 4,838 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insiders Place Their Bets

In other American Assets Trust news, COO Adam Wyll sold 30,238 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $28.22, for a total transaction of $853,316.36. Following the completion of the sale, the chief operating officer now owns 45,595 shares of the company’s stock, valued at $1,286,690.90. This trade represents a 39.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 37.32% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on AAT. Mizuho increased their price target on American Assets Trust from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Morgan Stanley increased their price target on American Assets Trust from $23.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th.

American Assets Trust Price Performance

NYSE:AAT opened at $22.04 on Tuesday. American Assets Trust, Inc. has a one year low of $20.03 and a one year high of $29.15. The company has a debt-to-equity ratio of 1.80, a quick ratio of 8.17 and a current ratio of 8.17. The stock has a market cap of $1.35 billion, a PE ratio of 24.76 and a beta of 1.30. The stock has a 50 day moving average price of $24.33 and a 200 day moving average price of $26.09.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 EPS for the quarter, beating the consensus estimate of $0.14 by $0.41. American Assets Trust had a return on equity of 4.98% and a net margin of 12.40%. Equities research analysts expect that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.34 per share. This is a boost from American Assets Trust’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.36 annualized dividend and a yield of 6.17%. American Assets Trust’s dividend payout ratio (DPR) is 152.81%.

American Assets Trust Profile

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.