SG Americas Securities LLC Sells 6,125 Shares of American Assets Trust, Inc. (NYSE:AAT)

SG Americas Securities LLC cut its stake in American Assets Trust, Inc. (NYSE:AAT) by 32.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,032 shares of the real estate investment trust’s stock after selling 6,125 shares during the period. SG Americas Securities LLC’s holdings in American Assets Trust were worth $342,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of 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 purchasing an additional 488 shares in the last quarter. Quarry LP raised its position in American Assets Trust by 131.3% in the 3rd 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 during the last quarter. Vestcor Inc bought a new stake in American Assets Trust in the 3rd quarter valued at approximately $103,000. Blue Trust Inc. boosted its position in American Assets Trust by 516.3% during the 3rd quarter. Blue Trust Inc. now owns 5,775 shares of the real estate investment trust’s stock worth $154,000 after acquiring 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 during the 3rd quarter worth approximately $211,000. Institutional investors own 90.43% of the company’s stock.

Insider Activity

In other news, COO Adam Wyll sold 30,238 shares of American Assets Trust stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 45,595 shares in the company, valued at approximately $1,286,690.90. The trade was a 39.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 37.32% of the company’s stock.

Analyst Ratings Changes

AAT has been the topic of a number of research reports. Mizuho boosted their price objective 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. Morgan Stanley lifted their price target 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.

American Assets Trust Stock Performance

Shares of NYSE AAT opened at $24.05 on Wednesday. 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 stock has a 50 day moving average price of $25.97 and a 200 day moving average price of $26.39. The stock has a market capitalization of $1.46 billion, a PE ratio of 26.43 and a beta of 1.30. American Assets Trust, Inc. has a 52 week low of $20.03 and a 52 week high of $29.15.

American Assets Trust (NYSE:AAT) last released its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.55 EPS for the quarter, beating the consensus estimate of $0.14 by $0.41. American Assets Trust had a return on equity of 5.08% and a net margin of 12.76%. Analysts predict that American Assets Trust, Inc. will post 2.53 earnings per share for the current fiscal year.

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.