Wellington Management Group LLP cut its position in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 70.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,377 shares of the real estate investment trust's stock after selling 200,768 shares during the period. Wellington Management Group LLP owned 0.14% of American Assets Trust worth $2,228,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Signaturefd LLC boosted its stake in shares of American Assets Trust by 130.3% during the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust's stock worth $42,000 after acquiring an additional 1,059 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in American Assets Trust by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,891 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 488 shares during the last quarter. Quarry LP boosted its position in American Assets Trust by 131.3% during the third quarter. Quarry LP now owns 2,163 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 1,228 shares during the period. Blue Trust Inc. grew its holdings in 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 valued at $154,000 after purchasing an additional 4,838 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan bought a new position in shares of American Assets Trust in the third quarter valued at approximately $211,000. Institutional investors own 90.43% of the company's stock.
Insider Buying and Selling
In other American Assets Trust 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 value of $853,316.36. Following the sale, the chief operating officer now owns 45,595 shares of the company's stock, valued at $1,286,690.90. The trade was a 39.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 37.32% of the stock is owned by company insiders.
American Assets Trust Stock Performance
Shares of AAT traded down $0.49 during mid-day trading on Thursday, hitting $25.42. The company's stock had a trading volume of 372,191 shares, compared to its average volume of 276,082. American Assets Trust, Inc. has a one year low of $20.03 and a one year high of $29.15. The stock's 50-day moving average is $27.66 and its two-hundred day moving average is $25.68. The firm has a market capitalization of $1.55 billion, a PE ratio of 27.93 and a beta of 1.30. 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 announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 5.27%. The ex-dividend date of this dividend is Thursday, December 5th. American Assets Trust's payout ratio is presently 147.25%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on AAT shares. Morgan Stanley raised 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 note on Wednesday, October 30th. Mizuho lifted their price objective 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.
View Our Latest Stock Analysis on AAT
About American Assets Trust
(
Free Report)
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.
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