American Assets Trust, Inc. (NYSE:AAT) Shares Bought by Fmr LLC

Fmr LLC increased its position in American Assets Trust, Inc. (NYSE:AAT) by 26.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,590 shares of the real estate investment trust’s stock after acquiring an additional 41,284 shares during the period. Fmr LLC owned approximately 0.32% of American Assets Trust worth $5,253,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of American Assets Trust by 2.5% during the 3rd 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. Blue Trust Inc. raised its stake in 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 last quarter. Dimensional Fund Advisors LP lifted its holdings in 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 valued at $17,436,000 after purchasing an additional 69,985 shares in the last quarter. LSV Asset Management boosted its stake in shares of American Assets Trust by 1.3% during the 2nd 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 last quarter. Finally, Ritholtz Wealth Management grew its holdings in shares of American Assets Trust by 277.1% during the third quarter. Ritholtz Wealth Management now owns 80,027 shares of the real estate investment trust’s stock worth $2,138,000 after buying an additional 58,803 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Assets Trust

In other news, COO Adam Wyll sold 30,238 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $28.22, for a total value of $853,316.36. Following the transaction, the chief operating officer now owns 45,595 shares of the company’s stock, valued at approximately $1,286,690.90. This trade represents a 39.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 37.32% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

American Assets Trust Trading Down 0.3 %

NYSE AAT opened at $27.65 on Friday. American Assets Trust, Inc. has a 12 month low of $20.03 and a 12 month high of $29.15. The company has a 50-day moving average of $27.59 and a 200-day moving average of $25.48. The company has a market cap of $1.68 billion, a P/E ratio of 30.38 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.

American Assets Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors 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 4.85%. The ex-dividend date of this dividend is Thursday, December 5th. American Assets Trust’s payout ratio is currently 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.