Geode Capital Management LLC Has $33.87 Million Stock Position in American Assets Trust, Inc. (NYSE:AAT)

Geode Capital Management LLC raised its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,267,222 shares of the real estate investment trust’s stock after purchasing an additional 15,491 shares during the period. Geode Capital Management LLC’s holdings in American Assets Trust were worth $33,866,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in shares of American Assets Trust by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,474,684 shares of the real estate investment trust’s stock worth $39,404,000 after buying an additional 35,688 shares during the last quarter. Jane Street Group LLC raised its position in shares of American Assets Trust by 142.8% during the 3rd quarter. Jane Street Group LLC now owns 90,078 shares of the real estate investment trust’s stock valued at $2,407,000 after acquiring an additional 52,977 shares during the last quarter. Blue Trust Inc. lifted its stake 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 during the period. Dimensional Fund Advisors LP boosted its position in shares of American Assets Trust by 9.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 779,127 shares of the real estate investment trust’s stock worth $17,436,000 after purchasing an additional 69,985 shares during the last quarter. Finally, LSV Asset Management grew its stake in shares of American Assets Trust by 1.3% during the second quarter. LSV Asset Management now owns 2,114,348 shares of the real estate investment trust’s stock worth $47,319,000 after purchasing an additional 26,618 shares during the period. Institutional investors own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

AAT has been the topic of several analyst reports. Mizuho increased their target price on American Assets Trust from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Morgan Stanley increased 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.

American Assets Trust Price Performance

AAT opened at $26.25 on Thursday. The stock has a market cap of $1.60 billion, a P/E ratio of 28.85 and a beta of 1.30. American Assets Trust, Inc. has a 12 month low of $20.03 and a 12 month high of $29.15. 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 company has a fifty day simple moving average of $27.55 and a 200 day simple moving average of $25.83.

American Assets Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a $0.335 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.34 annualized dividend and a dividend yield of 5.10%. American Assets Trust’s dividend payout ratio (DPR) is currently 147.25%.

Insider Transactions at American Assets Trust

In other news, COO Adam Wyll sold 30,238 shares of the stock in a transaction on Tuesday, December 3rd. The shares were 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 owns 45,595 shares of the company’s stock, valued at $1,286,690.90. This represents a 39.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 37.32% of the stock is currently owned by insiders.

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.