Louisiana State Employees Retirement System Sells 1,500 Shares of American Assets Trust, Inc. (NYSE:AAT)

Louisiana State Employees Retirement System decreased its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 6.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,000 shares of the real estate investment trust’s stock after selling 1,500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in American Assets Trust were worth $615,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Assenagon Asset Management S.A. boosted its holdings in American Assets Trust by 433.5% during 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 buying an additional 67,589 shares in the last quarter. Blue Trust Inc. increased its position in shares of American Assets Trust by 516.3% during 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 last quarter. Inspire Advisors LLC acquired a new stake in shares of American Assets Trust during the third quarter valued at about $229,000. Ritholtz Wealth Management increased its position 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 valued at $2,138,000 after acquiring an additional 58,803 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of American Assets Trust during the third quarter valued at about $512,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AAT. Mizuho lifted their price target on shares of American Assets Trust from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Morgan Stanley lifted 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 research note on Wednesday, October 30th.

American Assets Trust Stock Up 0.7 %

Shares of NYSE:AAT opened at $27.32 on Wednesday. The company has a market capitalization of $1.66 billion, a PE ratio of 30.03 and a beta of 1.29. The company has a current ratio of 8.53, a quick ratio of 3.03 and a debt-to-equity ratio of 1.86. American Assets Trust, Inc. has a twelve month low of $18.00 and a twelve month high of $28.44. The firm has a 50 day simple moving average of $26.90 and a 200-day simple moving average of $24.33.

American Assets Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.335 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.34 annualized dividend and a dividend yield of 4.90%. American Assets Trust’s dividend payout ratio is presently 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.