UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stake in American Assets Trust, Inc. (NYSE:AAT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 292.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 411,809 shares of the real estate investment trust's stock after acquiring an additional 306,946 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.68% of American Assets Trust worth $11,004,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in AAT. Charles Schwab Investment Management Inc. increased its holdings in 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 buying an additional 35,688 shares in the last quarter. Blue Trust Inc. increased its stake in American Assets Trust by 516.3% in the 3rd quarter. Blue Trust Inc. now owns 5,775 shares of the real estate investment trust's stock valued at $154,000 after purchasing an additional 4,838 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in American Assets Trust by 9.9% during 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 purchasing an additional 69,985 shares during the last quarter. LSV Asset Management boosted its position in American Assets Trust by 1.3% during the second quarter. LSV Asset Management now owns 2,114,348 shares of the real estate investment trust's stock worth $47,319,000 after purchasing an additional 26,618 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its position in American Assets Trust by 277.1% during the third quarter. Ritholtz Wealth Management now owns 80,027 shares of the real estate investment trust's stock worth $2,138,000 after purchasing an additional 58,803 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at American Assets Trust

In other American Assets Trust news, COO Adam Wyll sold 30,238 shares of American Assets Trust stock in a transaction that occurred on Tuesday, December 3rd. The shares were 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 approximately $1,286,690.90. The trade was a 39.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 37.32% of the stock is currently owned by corporate insiders.

American Assets Trust Price Performance

American Assets Trust stock traded down $0.09 during mid-day trading on Friday, hitting $27.74. 207,904 shares of the company were exchanged, compared to its average volume of 206,922. American Assets Trust, Inc. has a 12-month low of $20.03 and a 12-month high of $29.15. The company has a market capitalization of $1.69 billion, a P/E ratio of 30.48 and a beta of 1.30. The business's 50 day simple moving average is $27.47 and its two-hundred day simple moving average is $25.33. 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 Announces Dividend

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 given a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend is Thursday, December 5th. American Assets Trust's dividend payout ratio is presently 147.25%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AAT shares. Mizuho lifted their price target on American Assets Trust from $22.00 to $26.00 and gave the stock a "neutral" rating in a research note on Monday, August 19th. Morgan Stanley lifted 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 research report on Wednesday, October 30th.

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.