Fmr LLC Grows Holdings in American Assets Trust, Inc. (NYSE:AAT)

Fmr LLC raised its position in American Assets Trust, Inc. (NYSE:AAT) by 26.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 196,590 shares of the real estate investment trust’s stock after purchasing an additional 41,284 shares during the period. Fmr LLC’s holdings in American Assets Trust were worth $5,253,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in American Assets Trust by 130.3% in the second quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 1,059 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of 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 valued at $50,000 after purchasing an additional 488 shares in the last quarter. Blue Trust Inc. raised its position in shares of American Assets Trust by 516.3% in 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 in the last quarter. NJ State Employees Deferred Compensation Plan purchased a new position in shares of American Assets Trust during the 3rd quarter valued at approximately $211,000. Finally, QRG Capital Management Inc. acquired a new stake in shares of American Assets Trust during the third quarter worth approximately $228,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO Adam Wyll sold 30,238 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 45,595 shares of the company’s stock, valued at approximately $1,286,690.90. This represents a 39.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 37.32% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AAT shares. Mizuho upped their price target on shares of American Assets Trust from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday. Morgan Stanley boosted their target price on shares of American Assets Trust from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th.

American Assets Trust Trading Down 0.3 %

NYSE:AAT opened at $27.65 on Friday. The company has a market cap of $1.68 billion, a PE ratio of 30.38 and a beta of 1.30. The business’s 50 day moving average is $27.59 and its two-hundred day moving average is $25.48. The company has a quick ratio of 8.53, a current ratio of 8.53 and a debt-to-equity ratio of 1.86. American Assets Trust, Inc. has a 52 week low of $20.03 and a 52 week high of $29.15.

American Assets Trust Dividend Announcement

The company also recently disclosed 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. This represents a $1.34 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend is Thursday, December 5th. American Assets Trust’s dividend payout ratio (DPR) is presently 147.25%.

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.