Wells Fargo & Company MN decreased its stake in shares of American Assets Trust Inc. (NYSE:AAT) by 4.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 265,147 shares of the real estate investment trust’s stock after selling 13,705 shares during the period. Wells Fargo & Company MN owned approximately 0.58% of American Assets Trust worth $11,502,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. CI Investments Inc. increased its stake in American Assets Trust by 27.3% in the second quarter. CI Investments Inc. now owns 2,800 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 600 shares in the last quarter. Amalgamated Bank bought a new stake in American Assets Trust during the second quarter valued at approximately $209,000. PineBridge Investments L.P. increased its stake in American Assets Trust by 3.8% in the second quarter. PineBridge Investments L.P. now owns 5,010 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 183 shares in the last quarter. ProShare Advisors LLC increased its stake in American Assets Trust by 3.9% in the second quarter. ProShare Advisors LLC now owns 5,668 shares of the real estate investment trust’s stock valued at $241,000 after buying an additional 215 shares in the last quarter. Finally, BB&T Securities LLC increased its stake in American Assets Trust by 6.1% in the second quarter. BB&T Securities LLC now owns 6,046 shares of the real estate investment trust’s stock valued at $256,000 after buying an additional 345 shares in the last quarter. 99.33% of the stock is owned by hedge funds and other institutional investors.

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

American Assets Trust Inc. (NYSE:AAT) traded down 1.77% during midday trading on Wednesday, hitting $39.95. The company had a trading volume of 69,734 shares. American Assets Trust Inc. has a 12-month low of $34.07 and a 12-month high of $46.38. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 56.99 and a beta of 0.57. The company’s 50 day moving average is $39.96 and its 200 day moving average is $42.20.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Thursday, December 8th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Tuesday, December 6th. This is a boost from American Assets Trust’s previous quarterly dividend of $0.25. American Assets Trust’s payout ratio is 140.85%.

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Several research firms have issued reports on AAT. Zacks Investment Research upgraded American Assets Trust from a “sell” rating to a “hold” rating in a research report on Thursday, November 10th. Mizuho upgraded American Assets Trust from a “neutral” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Monday, November 7th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $48.80.

In other American Assets Trust news, Director Duane Nelles purchased 24,000 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were bought at an average price of $39.46 per share, with a total value of $947,040.00. Following the completion of the acquisition, the director now owns 1,225 shares in the company, valued at approximately $48,338.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ernest S. Rady purchased 65,000 shares of the business’s stock in a transaction dated Monday, September 12th. The shares were acquired at an average cost of $43.06 per share, for a total transaction of $2,798,900.00. The disclosure for this purchase can be found here. Insiders own 34.09% of the company’s stock.

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 high-barrier-to-entry markets in Southern California, Northern California, Oregon, Washington, Texas and Hawaii.

5 Day Chart for NYSE:AAT

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