American Assets Trust, Inc. (NYSE:AAT) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its stake in American Assets Trust, Inc. (NYSE:AAT) by 2.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,667 shares of the real estate investment trust’s stock after selling 912 shares during the period. New York State Teachers Retirement System owned approximately 0.06% of American Assets Trust worth $953,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Custom Index Systems LLC increased its stake in American Assets Trust by 4.5% in the 2nd quarter. Custom Index Systems LLC now owns 10,697 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 463 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position 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 buying an additional 488 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of American Assets Trust by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,052 shares of the real estate investment trust’s stock worth $605,000 after buying an additional 571 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of 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 worth $216,000 after buying an additional 681 shares in the last quarter. Finally, Texas Permanent School Fund Corp grew its stake in American Assets Trust by 1.6% in the 1st quarter. Texas Permanent School Fund Corp now owns 42,636 shares of the real estate investment trust’s stock valued at $934,000 after acquiring an additional 689 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AAT. Mizuho lifted their target price on shares of American Assets Trust from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Morgan Stanley upped their target price 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.

American Assets Trust Trading Down 0.1 %

Shares of AAT stock opened at $27.94 on Friday. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 30.70 and a beta of 1.29. The company has a current ratio of 8.53, a quick ratio of 3.03 and a debt-to-equity ratio of 1.86. The firm has a 50-day moving average price of $26.96 and a 200 day moving average price of $24.49. American Assets Trust, Inc. has a twelve month low of $18.00 and a twelve month high of $28.96.

American Assets Trust Announces Dividend

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 dividend yield of 4.80%. The ex-dividend date of this dividend is Thursday, December 5th. American Assets Trust’s payout ratio is 147.25%.

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.