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

JPMorgan Chase & Co. grew its holdings in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 14.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 approximately 0.96% of American Assets Trust worth $15,619,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Texas Permanent School Fund Corp increased its holdings in American Assets Trust by 12.0% during the second quarter. Texas Permanent School Fund Corp now owns 47,773 shares of the real estate investment trust's stock worth $1,069,000 after buying an additional 5,137 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of 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 purchasing an additional 69,985 shares during the period. Hsbc Holdings PLC raised its holdings in shares of American Assets Trust by 11.9% in the 2nd quarter. Hsbc Holdings PLC now owns 61,202 shares of the real estate investment trust's stock worth $1,357,000 after purchasing an additional 6,523 shares during the period. Intech Investment Management LLC purchased a new position in American Assets Trust in the second quarter valued at approximately $253,000. Finally, Public Sector Pension Investment Board grew its holdings in American Assets Trust by 6.3% during the second quarter. Public Sector Pension Investment Board now owns 107,151 shares of the real estate investment trust's stock valued at $2,398,000 after purchasing an additional 6,337 shares during the period. 90.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, COO Adam Wyll sold 30,238 shares of the business's stock in a transaction on Tuesday, December 3rd. The shares were 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 $1,286,690.90. The trade was 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 currently owned by insiders.

American Assets Trust Stock Performance

American Assets Trust stock traded down $0.82 during mid-day trading on Friday, reaching $23.53. The company's stock had a trading volume of 399,711 shares, compared to its average volume of 327,952. The company has a market capitalization of $1.43 billion, a P/E ratio of 25.86 and a beta of 1.31. The firm's fifty day moving average price is $27.07 and its two-hundred day moving average price is $26.16. 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.

American Assets Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.335 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.34 dividend on an annualized basis and a yield of 5.69%. American Assets Trust's dividend payout ratio (DPR) is 147.25%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Mizuho boosted their target price on American Assets Trust from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Morgan Stanley upped their price objective on shares of American Assets Trust from $23.00 to $24.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th.

About American Assets Trust

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.