JPMorgan Chase & Co. Buys 72,579 Shares of American Assets Trust, Inc. (NYSE:AAT)

JPMorgan Chase & Co. lifted its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 14.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 584,529 shares of the real estate investment trust’s stock after purchasing an additional 72,579 shares during the quarter. JPMorgan Chase & Co. owned 0.96% of American Assets Trust worth $15,619,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors 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 increased its stake in American Assets Trust by 9.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 779,127 shares of the real estate investment trust’s stock worth $17,436,000 after acquiring an additional 69,985 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in American Assets Trust by 433.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 83,181 shares of the real estate investment trust’s stock worth $2,223,000 after acquiring an additional 67,589 shares during the last quarter. Ritholtz Wealth Management increased its stake in American Assets Trust by 277.1% in the 3rd quarter. Ritholtz Wealth Management now owns 80,027 shares of the real estate investment trust’s stock worth $2,138,000 after acquiring an additional 58,803 shares during the last quarter. Finally, Barclays PLC increased its stake in American Assets Trust by 110.5% in the 3rd quarter. Barclays PLC now owns 110,220 shares of the real estate investment trust’s stock worth $2,946,000 after acquiring an additional 57,850 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, COO Adam Wyll sold 30,238 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was 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 directly owns 45,595 shares in the company, valued at $1,286,690.90. This represents a 39.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 37.32% of the company’s stock.

American Assets Trust Price Performance

Shares of American Assets Trust stock opened at $23.53 on Friday. The company has a current ratio of 8.53, a quick ratio of 8.53 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $1.43 billion, a PE ratio of 25.86 and a beta of 1.31. The business’s 50-day moving average price is $27.13 and its 200-day moving average price is $26.12. American Assets Trust, Inc. has a 12 month low of $20.03 and a 12 month high of $29.15.

American Assets Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a dividend of $0.335 per share. The ex-dividend date was Thursday, December 5th. This represents a $1.34 annualized dividend and a dividend yield of 5.69%. 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.