Principal Financial Group Inc. Has $6.53 Million Stock Holdings in American Assets Trust, Inc. (NYSE:AAT)

Principal Financial Group Inc. lowered its position in American Assets Trust, Inc. (NYSE:AAT) by 7.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 244,329 shares of the real estate investment trust’s stock after selling 20,603 shares during the quarter. Principal Financial Group Inc. owned 0.40% of American Assets Trust worth $6,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in AAT. Integrated Wealth Concepts LLC increased its position in American Assets Trust by 2.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 17,076 shares of the real estate investment trust’s stock valued at $456,000 after acquiring an additional 388 shares during the period. Daiwa Securities Group Inc. increased its holdings in American Assets Trust by 3.0% in the third quarter. Daiwa Securities Group Inc. now owns 15,504 shares of the real estate investment trust’s stock valued at $414,000 after purchasing an additional 446 shares during the period. Custom Index Systems LLC increased its holdings in American Assets Trust by 4.5% in the second quarter. Custom Index Systems LLC now owns 10,697 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 463 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in American Assets Trust by 34.8% during 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 purchasing an additional 488 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of American Assets Trust by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,052 shares of the real estate investment trust’s stock valued at $605,000 after buying an additional 571 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Insiders Place Their Bets

In other news, COO Adam Wyll sold 30,238 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $28.22, for a total transaction 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. This represents a 39.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 37.32% of the company’s stock.

Wall Street Analysts Forecast Growth

AAT has been the subject of a number of analyst reports. Morgan Stanley raised 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 shares of American Assets Trust from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th.

American Assets Trust Stock Up 1.0 %

Shares of NYSE:AAT opened at $26.26 on Thursday. American Assets Trust, Inc. has a 1 year low of $20.03 and a 1 year high of $29.15. The company has a debt-to-equity ratio of 1.86, a current ratio of 8.53 and a quick ratio of 8.53. The business’s 50-day moving average is $27.40 and its 200-day moving average is $26.00. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 28.86 and a beta of 1.30.

American Assets Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 5.10%. The ex-dividend date of this dividend was Thursday, December 5th. American Assets Trust’s dividend payout ratio (DPR) is presently 147.25%.

American Assets Trust 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.