Geode Capital Management LLC Has $33.87 Million Stock Holdings in American Assets Trust, Inc. (NYSE:AAT)

Geode Capital Management LLC increased its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,267,222 shares of the real estate investment trust’s stock after acquiring an additional 15,491 shares during the period. Geode Capital Management LLC owned about 2.08% of American Assets Trust worth $33,866,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in AAT. Signaturefd LLC lifted its stake in American Assets Trust by 130.3% during the second quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 1,059 shares during the period. Mirae Asset Global Investments Co. Ltd. raised 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 buying an additional 488 shares in the last quarter. Quarry LP lifted its position in shares of American Assets Trust by 131.3% during the 3rd quarter. Quarry LP now owns 2,163 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 1,228 shares during the period. Vestcor Inc acquired a new stake in American Assets Trust in the 3rd quarter valued at $103,000. Finally, Blue Trust Inc. grew its position in 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 valued at $154,000 after acquiring an additional 4,838 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on AAT shares. Morgan Stanley boosted their target price on shares of American Assets Trust from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Mizuho boosted their price target on shares of American Assets Trust from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th.

Insider Buying and Selling

In related news, COO Adam Wyll sold 30,238 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 45,595 shares in the company, valued at $1,286,690.90. The trade was a 39.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 37.32% of the stock is owned by corporate insiders.

American Assets Trust Trading Up 0.7 %

Shares of AAT opened at $26.25 on Thursday. 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 cap of $1.60 billion, a price-to-earnings ratio of 28.85 and a beta of 1.30. The stock has a fifty day moving average price of $27.55 and a two-hundred day moving average price of $25.83. American Assets Trust, Inc. has a 52-week low of $20.03 and a 52-week high of $29.15.

American Assets Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors 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 5.10%. American Assets Trust’s dividend payout ratio is 147.25%.

American Assets Trust Company 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.