Amalgamated Bank Sells 745 Shares of American Assets Trust, Inc. (NYSE:AAT)

Amalgamated Bank reduced its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 5.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,158 shares of the real estate investment trust’s stock after selling 745 shares during the quarter. Amalgamated Bank’s holdings in American Assets Trust were worth $378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC boosted its position in shares of 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 acquiring an additional 1,059 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in American Assets Trust by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,891 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 488 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of 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 valued at $154,000 after purchasing an additional 4,838 shares during the last quarter. ProShare Advisors LLC grew its position in shares of American Assets Trust by 7.4% during the first quarter. ProShare Advisors LLC now owns 9,841 shares of the real estate investment trust’s stock valued at $216,000 after purchasing an additional 681 shares in the last quarter. Finally, QRG Capital Management Inc. bought a new stake in shares of American Assets Trust in the third quarter worth about $228,000. Institutional investors own 90.43% of the company’s stock.

American Assets Trust Stock Down 0.9 %

Shares of AAT opened at $27.00 on Monday. 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 business has a fifty day moving average of $27.04 and a 200 day moving average of $24.72. The company has a market cap of $1.64 billion, a PE ratio of 29.67 and a beta of 1.29. American Assets Trust, Inc. has a 52-week low of $18.44 and a 52-week high of $28.96.

American Assets Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.335 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.34 annualized dividend and a dividend yield of 4.96%. American Assets Trust’s dividend payout ratio (DPR) is presently 147.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AAT shares. 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 research note on Wednesday, October 30th. Mizuho increased their target price on American Assets Trust from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, August 19th.

American Assets Trust Company 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.