Cramer Rosenthal Mcglynn LLC Sells 11,603 Shares of American Assets Trust, Inc (NYSE:AAT)

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Cramer Rosenthal Mcglynn LLC cut its stake in American Assets Trust, Inc (NYSE:AAT) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 490,433 shares of the real estate investment trust’s stock after selling 11,603 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned about 0.82% of American Assets Trust worth $23,109,000 as of its most recent SEC filing.

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

Shares of American Assets Trust stock traded up $0.62 on Friday, reaching $47.76. 4,493 shares of the stock were exchanged, compared to its average volume of 273,985. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.01. American Assets Trust, Inc has a twelve month low of $35.37 and a twelve month high of $48.30. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 3.41 and a beta of 0.37. The business has a 50 day moving average price of $46.91 and a two-hundred day moving average price of $46.17.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Wednesday, September 11th. American Assets Trust’s dividend payout ratio is currently 53.59%.

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

American Assets Trust Profile

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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