Bailard Inc. reduced its position in American Assets Trust, Inc (NYSE:AAT) by 32.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,700 shares of the real estate investment trust’s stock after selling 9,300 shares during the quarter. Bailard Inc.’s holdings in American Assets Trust were worth $735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its position in shares of American Assets Trust by 4.4% in the first quarter. Principal Financial Group Inc. now owns 324,034 shares of the real estate investment trust’s stock worth $10,826,000 after acquiring an additional 13,785 shares during the last quarter. Aperio Group LLC boosted its position in shares of American Assets Trust by 32.6% in the second quarter. Aperio Group LLC now owns 24,356 shares of the real estate investment trust’s stock worth $933,000 after acquiring an additional 5,993 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of American Assets Trust in the second quarter worth approximately $830,000. First Trust Advisors LP boosted its position in shares of American Assets Trust by 289.4% in the second quarter. First Trust Advisors LP now owns 32,071 shares of the real estate investment trust’s stock worth $1,228,000 after acquiring an additional 23,835 shares during the last quarter. Finally, Virginia Retirement Systems ET AL boosted its position in shares of American Assets Trust by 346.7% in the second quarter. Virginia Retirement Systems ET AL now owns 53,600 shares of the real estate investment trust’s stock worth $2,052,000 after acquiring an additional 41,600 shares during the last quarter. 95.32% of the stock is owned by institutional investors and hedge funds.

In other American Assets Trust news, CEO Ernest S. Rady purchased 13,002 shares of American Assets Trust stock in a transaction on Friday, November 9th. The shares were purchased at an average cost of $39.08 per share, with a total value of $508,118.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Duane Nelles purchased 25,000 shares of American Assets Trust stock in a transaction on Tuesday, December 4th. The shares were acquired at an average cost of $41.74 per share, for a total transaction of $1,043,500.00. Following the completion of the transaction, the director now owns 1,330 shares of the company’s stock, valued at $55,514.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 123,350 shares of company stock worth $4,905,245. 34.15% of the stock is currently owned by corporate insiders.

Shares of AAT stock opened at $42.20 on Friday. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 3.72 and a beta of 0.24. The company has a debt-to-equity ratio of 1.57, a quick ratio of 2.10 and a current ratio of 2.10. American Assets Trust, Inc has a fifty-two week low of $30.62 and a fifty-two week high of $42.85.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.28). The business had revenue of $82.51 million for the quarter, compared to analyst estimates of $79.33 million. American Assets Trust had a net margin of 6.09% and a return on equity of 2.43%. As a group, equities research analysts anticipate that American Assets Trust, Inc will post 2.1 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Thursday, December 13th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.65%. This is a boost from American Assets Trust’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, December 12th. American Assets Trust’s payout ratio is 56.25%.

AAT has been the topic of several research analyst reports. Mizuho reissued a “buy” rating and issued a $43.00 target price on shares of American Assets Trust in a research report on Wednesday, November 7th. Zacks Investment Research cut shares of American Assets Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. Finally, ValuEngine raised shares of American Assets Trust from a “hold” rating to a “buy” rating in a research report on Saturday, December 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $41.20.

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American Assets Trust Company 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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