Wellington Management Group LLP Sells 200,768 Shares of American Assets Trust, Inc. (NYSE:AAT)

Wellington Management Group LLP trimmed its holdings in American Assets Trust, Inc. (NYSE:AAT) by 70.7% during the third quarter, Holdings Channel reports. The firm owned 83,377 shares of the real estate investment trust’s stock after selling 200,768 shares during the quarter. Wellington Management Group LLP’s holdings in American Assets Trust were worth $2,228,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Quarry LP lifted its position in shares of American Assets Trust by 131.3% during the 3rd 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 period. Integrated Wealth Concepts LLC raised its holdings in shares of American Assets Trust by 2.3% during the third quarter. Integrated Wealth Concepts LLC now owns 17,076 shares of the real estate investment trust’s stock valued at $456,000 after purchasing an additional 388 shares during the period. Janus Henderson Group PLC boosted its position in shares of American Assets Trust by 8.5% during the 3rd quarter. Janus Henderson Group PLC now owns 183,613 shares of the real estate investment trust’s stock worth $4,908,000 after purchasing an additional 14,455 shares in the last quarter. ClearAlpha Technologies LP bought a new position in shares of American Assets Trust during the 3rd quarter worth about $465,000. Finally, Verition Fund Management LLC acquired a new stake in shares of American Assets Trust in the 3rd quarter valued at about $217,000. Institutional investors own 90.43% of the company’s stock.

American Assets Trust Trading Down 5.8 %

NYSE:AAT opened at $25.91 on Thursday. American Assets Trust, Inc. has a one year low of $20.03 and a one year high of $29.15. The company has a market cap of $1.58 billion, a PE ratio of 28.47 and a beta of 1.30. The company has a debt-to-equity ratio of 1.86, a current ratio of 8.53 and a quick ratio of 8.53. The firm has a 50-day moving average of $27.67 and a 200-day moving average of $25.68.

American Assets Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.335 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.34 annualized dividend and a dividend yield of 5.17%. American Assets Trust’s payout ratio is 147.25%.

Analysts Set New Price Targets

AAT has been the topic of several recent research reports. Mizuho increased their price target on American Assets Trust from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Morgan Stanley lifted their price target on shares of American Assets Trust from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th.

Insiders Place Their Bets

In other 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 directly owns 45,595 shares of the company’s stock, valued at $1,286,690.90. This trade represents a 39.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 37.32% of the company’s stock.

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.