Wellington Management Group LLP Has $2.23 Million Stock Position in American Assets Trust, Inc. (NYSE:AAT)

Wellington Management Group LLP cut its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 70.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,377 shares of the real estate investment trust’s stock after selling 200,768 shares during the period. Wellington Management Group LLP owned about 0.14% of American Assets Trust worth $2,228,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Signaturefd LLC grew its holdings in shares of American Assets Trust by 130.3% during the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 1,059 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in American Assets Trust by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,891 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 488 shares in the last quarter. Quarry LP boosted its position in American Assets Trust by 131.3% in the third quarter. Quarry LP now owns 2,163 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 1,228 shares in the last quarter. Blue Trust Inc. grew its stake 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 worth $154,000 after buying an additional 4,838 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan bought a new position in shares of American Assets Trust in the 3rd quarter valued at $211,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

American Assets Trust Price Performance

AAT stock opened at $25.91 on Thursday. The company has a market capitalization of $1.58 billion, a P/E ratio of 28.47 and a beta of 1.30. The company has a fifty day moving average price of $27.67 and a 200-day moving average price of $25.68. The company has a debt-to-equity ratio of 1.86, a quick ratio of 8.53 and a current ratio of 8.53. 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 business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 5.17%. The ex-dividend date is Thursday, December 5th. American Assets Trust’s dividend payout ratio is currently 147.25%.

Insider Buying and Selling

In other American Assets Trust news, COO Adam Wyll sold 30,238 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were 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 owns 45,595 shares of the company’s stock, valued at approximately $1,286,690.90. This represents a 39.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 37.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.