Ritholtz Wealth Management Purchases 17,254 Shares of American Assets Trust, Inc. (NYSE:AAT)

Ritholtz Wealth Management grew its holdings in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 21.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,281 shares of the real estate investment trust's stock after acquiring an additional 17,254 shares during the quarter. Ritholtz Wealth Management owned about 0.16% of American Assets Trust worth $2,555,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of AAT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of American Assets Trust by 292.7% during 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 valued at $11,004,000 after buying an additional 306,946 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of American Assets Trust by 14.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 584,529 shares of the real estate investment trust's stock valued at $15,619,000 after buying an additional 72,579 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of American Assets Trust by 9.9% during the 2nd 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. Assenagon Asset Management S.A. raised its holdings in shares of American Assets Trust by 433.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 83,181 shares of the real estate investment trust's stock valued at $2,223,000 after buying an additional 67,589 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of American Assets Trust by 110.5% during the 3rd quarter. Barclays PLC now owns 110,220 shares of the real estate investment trust's stock valued at $2,946,000 after buying an additional 57,850 shares in the last quarter. Institutional investors own 90.43% of the company's stock.

American Assets Trust Trading Up 0.4 %

American Assets Trust stock traded up $0.10 during trading hours on Friday, reaching $24.81. The company had a trading volume of 269,013 shares, compared to its average volume of 293,690. The company has a debt-to-equity ratio of 1.86, a current ratio of 8.53 and a quick ratio of 8.53. The company has a 50-day moving average price of $26.76 and a 200 day moving average price of $26.26. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 27.26 and a beta of 1.31. 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 firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid 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 5.40%. American Assets Trust's dividend payout ratio (DPR) is presently 147.25%.

Insider Activity

In other news, COO Adam Wyll sold 30,238 shares of the business'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 transaction of $853,316.36. Following the transaction, the chief operating officer now directly owns 45,595 shares of the company's stock, valued at approximately $1,286,690.90. The trade was a 39.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 37.32% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on AAT. Morgan Stanley raised their price objective on American Assets Trust from $23.00 to $24.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Mizuho lifted their price target 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.

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.