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

Amalgamated Bank cut its position in American Assets Trust, Inc. (NYSE:AAT) by 5.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 14,158 shares of the real estate investment trust’s stock after selling 745 shares during the period. Amalgamated Bank’s holdings in American Assets Trust were worth $378,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AAT. Signaturefd LLC raised its holdings in American Assets Trust by 130.3% in the 2nd 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. increased its holdings 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 worth $50,000 after purchasing an additional 488 shares in the last quarter. Blue Trust Inc. raised its stake in shares of American Assets Trust by 516.3% in the third quarter. Blue Trust Inc. now owns 5,775 shares of the real estate investment trust’s stock worth $154,000 after purchasing an additional 4,838 shares during the last quarter. QRG Capital Management Inc. purchased a new position in shares of American Assets Trust in the third quarter worth $228,000. Finally, Inspire Advisors LLC bought a new position in shares of American Assets Trust during the third quarter valued at $229,000. Institutional investors own 90.43% of the company’s stock.

American Assets Trust Price Performance

NYSE AAT opened at $27.00 on Monday. The company has a debt-to-equity ratio of 1.86, a current ratio of 8.53 and a quick ratio of 8.53. American Assets Trust, Inc. has a 1-year low of $18.44 and a 1-year high of $28.96. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 29.67 and a beta of 1.29. The business’s fifty day moving average price is $27.04 and its 200-day moving average price is $24.72.

American Assets Trust Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have weighed in on AAT shares. Mizuho boosted their target price on 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 boosted their price objective on shares of American Assets Trust from $23.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th.

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.