Verition Fund Management LLC Acquires Shares of 8,122 American Assets Trust, Inc. (NYSE:AAT)

Verition Fund Management LLC bought a new position in American Assets Trust, Inc. (NYSE:AAT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,122 shares of the real estate investment trust’s stock, valued at approximately $217,000.

A number of other large investors also recently modified their holdings of AAT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of American Assets Trust by 292.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 411,809 shares of the real estate investment trust’s stock worth $11,004,000 after buying an additional 306,946 shares during the period. Dimensional Fund Advisors LP raised its position in shares of American Assets Trust by 9.9% during 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 acquiring an additional 69,985 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of American Assets Trust by 433.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 83,181 shares of the real estate investment trust’s stock valued at $2,223,000 after purchasing an additional 67,589 shares during the period. Ritholtz Wealth Management boosted its position in shares of American Assets Trust by 277.1% in the 3rd quarter. Ritholtz Wealth Management now owns 80,027 shares of the real estate investment trust’s stock worth $2,138,000 after purchasing an additional 58,803 shares during the last quarter. Finally, FMR LLC grew its stake in shares of American Assets Trust by 26.6% during the third quarter. FMR LLC now owns 196,590 shares of the real estate investment trust’s stock worth $5,253,000 after purchasing an additional 41,284 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at American Assets Trust

In related news, COO Adam Wyll sold 30,238 shares of the business’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 sale, the chief operating officer now directly owns 45,595 shares of the company’s stock, valued at approximately $1,286,690.90. The trade was a 39.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 37.32% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. 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 $27.82 on Monday. The stock has a market cap of $1.69 billion, a P/E ratio of 30.57 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 $27.62 and a 200 day simple moving average of $25.59.

American Assets Trust Announces Dividend

The firm also recently declared 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. The ex-dividend date is Thursday, December 5th. This represents a $1.34 annualized dividend and a dividend yield of 4.82%. American Assets Trust’s dividend payout ratio (DPR) is currently 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.