Assenagon Asset Management S.A. Reduces Stock Holdings in American Assets Trust, Inc. (NYSE:AAT)

Assenagon Asset Management S.A. reduced its position in shares of American Assets Trust, Inc. (NYSE:AAT) by 3.3% in the fourth quarter, HoldingsChannel reports. The firm owned 80,451 shares of the real estate investment trust’s stock after selling 2,730 shares during the quarter. Assenagon Asset Management S.A.’s holdings in American Assets Trust were worth $2,113,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of American Assets Trust by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,891 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 488 shares during the last quarter. Quarry LP raised its position in American Assets Trust by 131.3% in the third quarter. Quarry LP now owns 2,163 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 1,228 shares during the period. Vestcor Inc bought a new position in American Assets Trust in the third quarter worth approximately $103,000. Blue Trust Inc. boosted its stake in shares of American Assets Trust by 516.3% during the 3rd 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, NJ State Employees Deferred Compensation Plan bought a new stake in shares of American Assets Trust during the 3rd quarter valued at $211,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Insider Activity at American Assets Trust

In other American Assets Trust news, COO Adam Wyll sold 30,238 shares of the company’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 value 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. This represents a 39.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 37.32% of the stock is owned by corporate insiders.

American Assets Trust Price Performance

NYSE AAT opened at $24.41 on Thursday. The company has a current ratio of 8.53, a quick ratio of 8.53 and a debt-to-equity ratio of 1.86. American Assets Trust, Inc. has a 12 month low of $20.03 and a 12 month high of $29.15. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 26.82 and a beta of 1.31. The company’s 50 day moving average is $26.59 and its two-hundred day moving average is $26.31.

American Assets Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a dividend of $0.335 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.34 annualized dividend and a dividend yield of 5.49%. American Assets Trust’s payout ratio is 147.25%.

Wall Street Analysts Forecast Growth

AAT has been the topic of a number of recent research reports. Mizuho raised their target price on American Assets Trust from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Morgan Stanley upped their price target on 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 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.