American Assets Trust, Inc. (NYSE:AAT) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its holdings in American Assets Trust, Inc. (NYSE:AAT) by 8.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,754 shares of the real estate investment trust’s stock after selling 2,298 shares during the period. The Manufacturers Life Insurance Company’s holdings in American Assets Trust were worth $661,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Daiwa Securities Group Inc. raised its stake in American Assets Trust by 3.0% in the third quarter. Daiwa Securities Group Inc. now owns 15,504 shares of the real estate investment trust’s stock valued at $414,000 after buying an additional 446 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in American Assets Trust by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,474,684 shares of the real estate investment trust’s stock valued at $39,404,000 after buying an additional 35,688 shares in the last quarter. Intech Investment Management LLC raised its stake in American Assets Trust by 5.1% in the third quarter. Intech Investment Management LLC now owns 11,893 shares of the real estate investment trust’s stock valued at $318,000 after buying an additional 582 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in American Assets Trust by 25.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,039 shares of the real estate investment trust’s stock valued at $482,000 after buying an additional 3,607 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan acquired a new stake in American Assets Trust in the third quarter valued at $211,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

American Assets Trust Stock Up 0.6 %

American Assets Trust stock opened at $27.82 on Friday. American Assets Trust, Inc. has a fifty-two week low of $20.03 and a fifty-two week high of $29.15. The company has a debt-to-equity ratio of 1.86, a quick ratio of 8.53 and a current ratio of 8.53. The company has a market capitalization of $1.69 billion, a P/E ratio of 30.57 and a beta of 1.30. The stock has a 50-day simple moving average of $27.62 and a 200-day simple moving average of $25.53.

American Assets Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders 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 yield of 4.82%. The ex-dividend date of this dividend is Thursday, December 5th. American Assets Trust’s dividend payout ratio is presently 147.25%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Mizuho boosted their target price on American Assets Trust from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday. Morgan Stanley boosted their target price on American Assets Trust from $23.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th.

Insider Buying and Selling at American Assets Trust

In other American Assets Trust news, COO Adam Wyll sold 30,238 shares of the company’s stock in a transaction that occurred 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 represents a 39.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 37.32% of the stock is owned by company insiders.

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.