American Assets Inc. Boosts Position in American Assets Trust, Inc (AAT)

American Assets Inc. boosted its holdings in shares of American Assets Trust, Inc (NYSE:AAT) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,467,587 shares of the real estate investment trust’s stock after purchasing an additional 242,325 shares during the period. American Assets Trust comprises approximately 69.9% of American Assets Inc.’s holdings, making the stock its largest holding. American Assets Inc. owned about 13.72% of American Assets Trust worth $247,321,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Pinebridge Investments L.P. boosted its position in shares of American Assets Trust by 2.5% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,462 shares of the real estate investment trust’s stock worth $216,000 after purchasing an additional 132 shares in the last quarter. Amalgamated Bank lifted its position in American Assets Trust by 5.6% in the 2nd quarter. Amalgamated Bank now owns 5,561 shares of the real estate investment trust’s stock valued at $219,000 after acquiring an additional 296 shares in the last quarter. Advisor Group Inc. lifted its position in American Assets Trust by 19.7% in the 2nd quarter. Advisor Group Inc. now owns 2,663 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 439 shares in the last quarter. Profund Advisors LLC lifted its position in American Assets Trust by 9.7% in the 2nd quarter. Profund Advisors LLC now owns 7,804 shares of the real estate investment trust’s stock valued at $307,000 after acquiring an additional 693 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in American Assets Trust by 1.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 55,667 shares of the real estate investment trust’s stock valued at $2,193,000 after acquiring an additional 851 shares in the last quarter. Institutional investors own 98.20% of the company’s stock.

Shares of American Assets Trust, Inc (AAT) traded up $0.09 during trading hours on Tuesday, hitting $32.71. 13,748 shares of the company were exchanged, compared to its average volume of 179,486. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 1.56. American Assets Trust, Inc has a 1 year low of $31.46 and a 1 year high of $44.83. The company has a market cap of $1,548.62, a P/E ratio of 49.42, a price-to-earnings-growth ratio of 2.79 and a beta of 0.40.

In other American Assets Trust news, CEO Ernest S. Rady acquired 5,825 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were bought at an average cost of $39.46 per share, with a total value of $229,854.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ernest S. Rady acquired 2,334 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were acquired at an average cost of $39.23 per share, for a total transaction of $91,562.82. The disclosure for this purchase can be found here. In the last three months, insiders acquired 156,554 shares of company stock valued at $6,121,031. 34.15% of the stock is owned by insiders.

Several equities analysts have recently weighed in on AAT shares. Zacks Investment Research cut American Assets Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Mizuho reissued a “hold” rating and set a $40.00 price target on shares of American Assets Trust in a report on Friday, November 10th. Finally, Bank of America cut American Assets Trust from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.00.

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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.

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

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