Wolverine Asset Management LLC Reduces Stock Holdings in American Assets Trust, Inc. (NYSE:AAT)

Wolverine Asset Management LLC trimmed its stake in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 87.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 5,255 shares of the real estate investment trust's stock after selling 36,230 shares during the period. Wolverine Asset Management LLC's holdings in American Assets Trust were worth $140,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Signaturefd LLC increased its stake in American Assets Trust by 130.3% during the second quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 1,059 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of American Assets Trust by 34.8% in 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 purchasing an additional 488 shares in the last quarter. Blue Trust Inc. increased its stake in American Assets Trust by 516.3% during the 3rd quarter. Blue Trust Inc. now owns 5,775 shares of the real estate investment trust's stock worth $154,000 after buying an additional 4,838 shares during the period. NJ State Employees Deferred Compensation Plan acquired a new stake in American Assets Trust during the 3rd quarter worth approximately $211,000. Finally, ProShare Advisors LLC boosted its position in American Assets Trust by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 9,841 shares of the real estate investment trust's stock valued at $216,000 after buying an additional 681 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

American Assets Trust Stock Down 0.8 %

American Assets Trust stock traded down $0.21 during trading on Friday, reaching $27.03. The stock had a trading volume of 128,658 shares, compared to its average volume of 276,669. American Assets Trust, Inc. has a 52-week low of $18.44 and a 52-week high of $28.96. The business has a 50 day moving average price of $27.02 and a 200 day moving average price of $24.64. The company has a quick ratio of 8.53, a current ratio of 8.53 and a debt-to-equity ratio of 1.86. The stock has a market cap of $1.65 billion, a PE ratio of 29.93 and a beta of 1.29.

American Assets Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.335 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 4.96%. American Assets Trust's payout ratio is currently 147.25%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AAT shares. Mizuho increased their price objective on American Assets Trust from $22.00 to $26.00 and gave the company a "neutral" rating in a research note on Monday, August 19th. Morgan Stanley upped their price target on American Assets Trust from $23.00 to $24.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th.

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.