State of New Jersey Common Pension Fund D Sells 57,000 Shares of American Assets Trust, Inc. (NYSE:AAT)

State of New Jersey Common Pension Fund D decreased its holdings in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 26.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 159,735 shares of the real estate investment trust's stock after selling 57,000 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.26% of American Assets Trust worth $4,268,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its position in shares of American Assets Trust by 200.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 35,179 shares of the real estate investment trust's stock worth $763,000 after buying an additional 23,452 shares during the last quarter. Janus Henderson Group PLC grew its position in American Assets Trust by 633.0% during the first quarter. Janus Henderson Group PLC now owns 166,411 shares of the real estate investment trust's stock valued at $3,644,000 after acquiring an additional 143,707 shares during the period. Boston Partners acquired a new stake in shares of American Assets Trust during the first quarter worth approximately $807,000. Blue Trust Inc. grew its position 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 acquiring an additional 4,838 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings 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 worth $17,436,000 after buying an additional 69,985 shares during the period. Institutional investors own 90.43% of the company's stock.

American Assets Trust Price Performance

AAT stock traded down $0.07 during mid-day trading on Wednesday, reaching $27.35. 164,387 shares of the company's stock were exchanged, compared to its average volume of 277,716. American Assets Trust, Inc. has a 12-month low of $18.44 and a 12-month high of $28.96. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 30.05 and a beta of 1.29. The stock's 50 day moving average is $27.00 and its 200 day moving average is $24.62. The company has a debt-to-equity ratio of 1.86, a current ratio of 8.53 and a quick ratio of 8.53.

American Assets Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend is Thursday, December 5th. American Assets Trust's dividend payout ratio is currently 147.25%.

Analyst Upgrades and Downgrades

Several brokerages have commented on AAT. Mizuho raised their price target on shares of American Assets Trust from $22.00 to $26.00 and gave the company a "neutral" rating in a report on Monday, August 19th. Morgan Stanley increased their target price on shares of 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 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.