Bessemer Group Inc. bought a new stake in shares of American Assets Trust, Inc (NYSE:AAT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,400 shares of the real estate investment trust’s stock, valued at approximately $537,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Los Angeles Capital Management & Equity Research Inc. raised its position in American Assets Trust by 54.3% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 33,455 shares of the real estate investment trust’s stock worth $1,248,000 after purchasing an additional 11,780 shares during the last quarter. WINTON GROUP Ltd raised its position in American Assets Trust by 32.8% in the 3rd quarter. WINTON GROUP Ltd now owns 268,167 shares of the real estate investment trust’s stock worth $10,000,000 after purchasing an additional 66,221 shares during the last quarter. Meeder Asset Management Inc. raised its position in American Assets Trust by 1,535.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 41,038 shares of the real estate investment trust’s stock worth $1,530,000 after purchasing an additional 38,528 shares during the last quarter. Monarch Partners Asset Management LLC bought a new position in American Assets Trust in the 3rd quarter worth approximately $2,558,000. Finally, Victory Capital Management Inc. raised its position in American Assets Trust by 2.0% in the 3rd quarter. Victory Capital Management Inc. now owns 1,798,381 shares of the real estate investment trust’s stock worth $67,062,000 after purchasing an additional 35,460 shares during the last quarter. Institutional investors own 93.69% of the company’s stock.

AAT stock opened at $39.55 on Thursday. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.10 and a quick ratio of 2.10. American Assets Trust, Inc has a fifty-two week low of $30.62 and a fifty-two week high of $40.47. The company has a market capitalization of $1.87 billion, a P/E ratio of 19.01, a P/E/G ratio of 3.56 and a beta of 0.19.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.28). American Assets Trust had a return on equity of 2.43% and a net margin of 6.09%. The company had revenue of $82.51 million during the quarter, compared to the consensus estimate of $79.33 million. As a group, sell-side analysts forecast that American Assets Trust, Inc will post 2.1 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Thursday, December 13th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Wednesday, December 12th. This is a positive change from American Assets Trust’s previous quarterly dividend of $0.27. American Assets Trust’s payout ratio is currently 56.25%.

In other American Assets Trust news, CEO Ernest S. Rady bought 19,627 shares of the stock in a transaction on Monday, November 19th. The stock was purchased at an average price of $39.42 per share, with a total value of $773,696.34. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ernest S. Rady bought 8,606 shares of the stock in a transaction on Monday, November 12th. The shares were acquired at an average cost of $39.42 per share, with a total value of $339,248.52. The disclosure for this purchase can be found here. Insiders have acquired a total of 75,202 shares of company stock valued at $2,944,078 in the last ninety days. Company insiders own 34.15% of the company’s stock.

AAT has been the subject of several research analyst reports. Zacks Investment Research cut shares of American Assets Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. ValuEngine upgraded shares of American Assets Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, Mizuho restated a “buy” rating and issued a $43.00 price objective on shares of American Assets Trust in a research report on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. American Assets Trust presently has an average rating of “Hold” and an average target price of $41.40.

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American Assets Trust Profile

American Assets Trust, Inc (the “company”) is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier retail, office 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, Oregon, Washington, Texas and Hawaii.

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

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