Fmr LLC Grows Position in American Assets Trust, Inc. (NYSE:AAT)

FMR LLC grew its stake in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 26.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,590 shares of the real estate investment trust's stock after buying an additional 41,284 shares during the period. FMR LLC owned 0.32% of American Assets Trust worth $5,253,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Summit Global Investments raised its holdings in American Assets Trust by 2.6% during the second quarter. Summit Global Investments now owns 39,225 shares of the real estate investment trust's stock valued at $878,000 after acquiring an additional 1,008 shares during the period. Panagora Asset Management Inc. raised its stake in American Assets Trust by 11.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 255,040 shares of the real estate investment trust's stock valued at $5,708,000 after purchasing an additional 26,211 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in American Assets Trust in the 2nd quarter worth approximately $802,000. Signaturefd LLC boosted its stake in American Assets Trust by 130.3% in the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 1,059 shares during the period. Finally, Ritholtz Wealth Management purchased a new stake in American Assets Trust during the 2nd quarter valued at approximately $475,000. 90.43% of the stock is currently owned by institutional investors.

Insider Activity at American Assets Trust

In other news, COO Adam Wyll sold 30,238 shares of the firm's stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 45,595 shares of the company's stock, valued at $1,286,690.90. This trade represents a 39.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 37.32% of the stock is owned by insiders.

Analysts Set New Price Targets

AAT has been the topic of several research analyst reports. Morgan Stanley boosted their target price on shares of American Assets Trust from $23.00 to $24.00 and gave the stock an "equal weight" rating in a 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 note on Tuesday.

American Assets Trust Price Performance

NYSE AAT traded up $0.17 during trading on Friday, hitting $27.82. 184,076 shares of the stock traded hands, compared to its average volume of 274,117. The company has a market capitalization of $1.69 billion, a P/E ratio of 30.38 and a beta of 1.30. American Assets Trust, Inc. has a 12-month low of $20.03 and a 12-month high of $29.15. The firm has a 50-day simple moving average of $27.59 and a 200-day simple moving average of $25.48. The company has a quick ratio of 8.53, a current ratio of 8.53 and a debt-to-equity ratio of 1.86.

American Assets Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend is Thursday, December 5th. American Assets Trust's dividend payout ratio 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.