Barclays PLC Buys 57,850 Shares of American Assets Trust, Inc. (NYSE:AAT)

Barclays PLC increased its stake in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 110.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 110,220 shares of the real estate investment trust's stock after buying an additional 57,850 shares during the period. Barclays PLC owned 0.18% of American Assets Trust worth $2,946,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its position in shares of American Assets Trust by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,474,684 shares of the real estate investment trust's stock valued at $39,404,000 after acquiring an additional 35,688 shares during the period. Jane Street Group LLC grew its position in shares of American Assets Trust by 142.8% during the 3rd quarter. Jane Street Group LLC now owns 90,078 shares of the real estate investment trust's stock worth $2,407,000 after purchasing an additional 52,977 shares in the last quarter. Blue Trust Inc. increased its holdings 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 purchasing an additional 4,838 shares during the period. Dimensional Fund Advisors LP raised its position in shares of American Assets Trust by 9.9% in the second quarter. Dimensional Fund Advisors LP now owns 779,127 shares of the real estate investment trust's stock valued at $17,436,000 after buying an additional 69,985 shares in the last quarter. Finally, LSV Asset Management increased its stake in American Assets Trust by 1.3% during the 2nd quarter. LSV Asset Management now owns 2,114,348 shares of the real estate investment trust's stock worth $47,319,000 after acquiring an additional 26,618 shares during the period. Institutional investors and hedge funds 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 dated Tuesday, December 3rd. The stock was sold at an average price of $28.22, for a total value of $853,316.36. Following the completion of the transaction, the chief operating officer now directly owns 45,595 shares of the company's stock, valued at approximately $1,286,690.90. This trade represents a 39.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 37.32% of the company's stock.

Analysts Set New Price Targets

AAT has been the subject of several recent analyst reports. Mizuho upped 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 target price 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.

American Assets Trust Price Performance

Shares of AAT traded up $0.18 during trading hours on Wednesday, reaching $26.25. The stock had a trading volume of 75,901 shares, compared to its average volume of 280,458. American Assets Trust, Inc. has a 12 month low of $20.03 and a 12 month high of $29.15. 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 market capitalization of $1.60 billion, a PE ratio of 28.85 and a beta of 1.30. The company's 50-day moving average is $27.55 and its two-hundred day moving average is $25.83.

American Assets Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a $0.335 dividend. The ex-dividend date was Thursday, December 5th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 5.10%. American Assets Trust's dividend payout ratio (DPR) is currently 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.