Algert Global LLC Has $3.80 Million Stock Position in American Assets Trust, Inc. (NYSE:AAT)

Algert Global LLC lessened its stake in American Assets Trust, Inc. (NYSE:AAT) by 5.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 142,221 shares of the real estate investment trust’s stock after selling 8,710 shares during the quarter. Algert Global LLC’s holdings in American Assets Trust were worth $3,800,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Signaturefd LLC raised its holdings in shares of American Assets Trust by 130.3% during the second quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 1,059 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in American Assets Trust by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,891 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 488 shares in the last quarter. Blue Trust Inc. raised its stake in shares of American Assets Trust by 516.3% in the 3rd quarter. Blue Trust Inc. now owns 5,775 shares of the real estate investment trust’s stock valued at $154,000 after purchasing an additional 4,838 shares during the period. NJ State Employees Deferred Compensation Plan bought a new stake in shares of American Assets Trust in the third quarter valued at about $211,000. Finally, ProShare Advisors LLC boosted its position in shares of American Assets Trust by 7.4% during the first quarter. ProShare Advisors LLC now owns 9,841 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 681 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analyst Ratings Changes

AAT has been the topic of a number of recent research reports. Mizuho lifted their target price on American Assets Trust from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Morgan Stanley raised their price target on shares of American Assets Trust from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th.

American Assets Trust Trading Up 0.7 %

Shares of NYSE:AAT opened at $28.29 on Tuesday. The company’s 50-day moving average price is $27.21 and its two-hundred day moving average price is $24.93. American Assets Trust, Inc. has a one year low of $18.44 and a one year high of $28.96. The company has a debt-to-equity ratio of 1.86, a current ratio of 8.53 and a quick ratio of 8.53. The stock has a market capitalization of $1.72 billion, a PE ratio of 31.09 and a beta of 1.29.

American Assets Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a dividend of $0.335 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.34 annualized dividend and a yield of 4.74%. American Assets Trust’s payout ratio is presently 147.25%.

American Assets Trust Company Profile

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California. The company has over 55 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, Washington, Oregon, Texas and Hawaii.