Jane Street Group LLC Grows Stake in American Assets Trust, Inc. (NYSE:AAT)

Jane Street Group LLC lifted its position in American Assets Trust, Inc. (NYSE:AAT) by 142.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 90,078 shares of the real estate investment trust’s stock after purchasing an additional 52,977 shares during the quarter. Jane Street Group LLC owned about 0.15% of American Assets Trust worth $2,407,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in American Assets Trust by 292.7% in 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 acquiring an additional 306,946 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of American Assets Trust by 9.9% during the second quarter. Dimensional Fund Advisors LP now owns 779,127 shares of the real estate investment trust’s stock worth $17,436,000 after purchasing an additional 69,985 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of American Assets Trust by 433.5% in the third quarter. Assenagon Asset Management S.A. now owns 83,181 shares of the real estate investment trust’s stock worth $2,223,000 after purchasing an additional 67,589 shares during the last quarter. Ritholtz Wealth Management raised its stake in American Assets Trust by 277.1% in the third quarter. Ritholtz Wealth Management now owns 80,027 shares of the real estate investment trust’s stock valued at $2,138,000 after purchasing an additional 58,803 shares in the last quarter. Finally, FMR LLC lifted its position in 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 valued at $5,253,000 after purchasing an additional 41,284 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

American Assets Trust Stock Performance

NYSE:AAT opened at $26.00 on Monday. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 28.57 and a beta of 1.30. The business has a 50 day moving average of $27.63 and a 200 day moving average of $25.73. 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 $20.03 and a 1-year high of $29.15.

American Assets Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a $0.335 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 5.15%. American Assets Trust’s payout ratio is 147.25%.

Insider Activity

In other news, COO Adam Wyll sold 30,238 shares of American Assets Trust stock in a transaction dated Tuesday, December 3rd. The stock was 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 in the company, valued at approximately $1,286,690.90. The trade was a 39.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 37.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on AAT. Morgan Stanley increased their price target on shares of American Assets Trust from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. 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.

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.