Amalgamated Bank cut its position in American Assets Trust, Inc. (NYSE:AAT – Get Rating) by 4.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,266 shares of the real estate investment trust's stock after selling 1,174 shares during the quarter. Amalgamated Bank's holdings in American Assets Trust were worth $882,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of AAT. State Street Corp grew its stake in American Assets Trust by 12.1% during the 1st quarter. State Street Corp now owns 3,154,555 shares of the real estate investment trust's stock worth $119,526,000 after purchasing an additional 339,960 shares in the last quarter. Nuveen Asset Management LLC grew its stake in American Assets Trust by 126.9% during the 4th quarter. Nuveen Asset Management LLC now owns 463,071 shares of the real estate investment trust's stock worth $17,379,000 after purchasing an additional 259,030 shares in the last quarter. Westwood Holdings Group Inc. acquired a new position in American Assets Trust during the 4th quarter worth $7,466,000. Invesco Ltd. grew its stake in American Assets Trust by 115.0% during the 1st quarter. Invesco Ltd. now owns 365,299 shares of the real estate investment trust's stock worth $13,841,000 after purchasing an additional 195,424 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in American Assets Trust by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 8,328,425 shares of the real estate investment trust's stock worth $315,564,000 after purchasing an additional 146,474 shares in the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.
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American Assets Trust Stock Down 1.5 %
American Assets Trust stock opened at $25.18 on Friday. American Assets Trust, Inc. has a fifty-two week low of $24.00 and a fifty-two week high of $40.83. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.34 and a current ratio of 2.34. The company has a market capitalization of $1.52 billion, a P/E ratio of 37.58, a PEG ratio of 1.34 and a beta of 1.11. The stock has a 50-day simple moving average of $28.36 and a 200-day simple moving average of $31.65.
American Assets Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, September 8th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend was Wednesday, September 7th. American Assets Trust's payout ratio is currently 191.04%.
Analysts Set New Price Targets
Several research analysts recently commented on AAT shares. KeyCorp reissued a "sector weight" rating on shares of American Assets Trust in a research note on Thursday, July 14th. TheStreet downgraded American Assets Trust from a "b-" rating to a "c+" rating in a report on Thursday, June 16th. Finally, Morgan Stanley lifted their price target on American Assets Trust from $25.50 to $28.00 and gave the stock an "equal weight" rating in a report on Monday, August 29th. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $32.50.
Insider Activity
In other news, CEO Ernest S. Rady bought 87,324 shares of American Assets Trust stock in a transaction dated Thursday, September 15th. The stock was acquired at an average cost of $26.99 per share, with a total value of $2,356,874.76. Following the acquisition, the chief executive officer now owns 6,942,855 shares of the company's stock, valued at $187,387,656.45. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Ernest S. Rady acquired 87,324 shares of American Assets Trust stock in a transaction on Thursday, September 15th. The stock was purchased at an average cost of $26.99 per share, with a total value of $2,356,874.76. Following the purchase, the chief executive officer now directly owns 6,942,855 shares in the company, valued at $187,387,656.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernest S. Rady acquired 2,700 shares of American Assets Trust stock in a transaction on Wednesday, August 24th. The shares were bought at an average cost of $28.39 per share, with a total value of $76,653.00. Following the completion of the purchase, the chief executive officer now owns 6,772,855 shares in the company, valued at $192,281,353.45. The disclosure for this purchase can be found here. In the last three months, insiders bought 259,395 shares of company stock valued at $7,386,977. Insiders own 34.38% of the company's stock.
American Assets Trust Profile
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American Assets Trust, Inc 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 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, Oregon, Washington, Texas and Hawaii.
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