SG Americas Securities LLC boosted its position in American Assets Trust, Inc. (NYSE:AAT) by 154.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,786 shares of the real estate investment trust’s stock after buying an additional 5,935 shares during the period. SG Americas Securities LLC’s holdings in American Assets Trust were worth $389,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. American Assets Inc. increased its stake in American Assets Trust by 5.8% in the third quarter. American Assets Inc. now owns 6,225,262 shares of the real estate investment trust’s stock valued at $247,579,000 after purchasing an additional 342,421 shares in the last quarter. Vanguard Group Inc. increased its stake in American Assets Trust by 1.6% in the second quarter. Vanguard Group Inc. now owns 6,125,529 shares of the real estate investment trust’s stock valued at $241,285,000 after purchasing an additional 94,077 shares in the last quarter. BlackRock Inc. increased its stake in American Assets Trust by 3.6% in the second quarter. BlackRock Inc. now owns 5,914,797 shares of the real estate investment trust’s stock valued at $232,982,000 after purchasing an additional 203,106 shares in the last quarter. Boston Partners increased its stake in American Assets Trust by 0.3% in the third quarter. Boston Partners now owns 2,261,530 shares of the real estate investment trust’s stock valued at $89,941,000 after purchasing an additional 7,364 shares in the last quarter. Finally, State Street Corp increased its stake in American Assets Trust by 2.6% in the second quarter. State Street Corp now owns 1,549,111 shares of the real estate investment trust’s stock valued at $61,019,000 after purchasing an additional 38,719 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

In other American Assets Trust news, CEO Ernest S. Rady bought 85,155 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was bought at an average cost of $38.84 per share, with a total value of $3,307,420.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ernest S. Rady purchased 2,334 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were purchased at an average price of $39.23 per share, for a total transaction of $91,562.82. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 267,939 shares of company stock valued at $10,441,454. 34.15% of the stock is currently owned by insiders.

Several equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of American Assets Trust from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Thursday, August 24th. Mizuho reissued a “hold” rating and set a $40.00 target price on shares of American Assets Trust in a research report on Friday, November 10th. Bank of America downgraded shares of American Assets Trust from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a research report on Thursday, November 2nd. Finally, BidaskClub raised shares of American Assets Trust from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $44.00.

Shares of American Assets Trust, Inc. (NYSE:AAT) opened at $38.76 on Friday. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 1.56. The company has a market cap of $1,848.35, a PE ratio of 20.32, a PEG ratio of 3.43 and a beta of 0.51. American Assets Trust, Inc. has a 52-week low of $36.79 and a 52-week high of $44.83.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, December 6th. This is an increase from American Assets Trust’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 2.79%. American Assets Trust’s payout ratio is presently 163.64%.

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American Assets Trust Company Profile

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires and develops retail, office, multifamily and mixed-use properties in Southern California, Northern California, Oregon, Washington, Texas and Hawaii markets.

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Institutional Ownership by Quarter for American Assets Trust (NYSE:AAT)

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