American Assets Trust, Inc. (NYSE:AAT) Shares Acquired by Barclays PLC

Barclays PLC boosted its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 110.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,220 shares of the real estate investment trust’s stock after purchasing an additional 57,850 shares during the quarter. Barclays PLC owned approximately 0.18% of American Assets Trust worth $2,946,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC increased its stake in shares of American Assets Trust by 130.3% in the second quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 1,059 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in American Assets Trust by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,891 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 488 shares during the period. Quarry LP raised its stake in American Assets Trust by 131.3% during the 3rd quarter. Quarry LP now owns 2,163 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 1,228 shares in the last quarter. Blue Trust Inc. boosted its position in American Assets Trust by 516.3% during the 3rd quarter. Blue Trust Inc. now owns 5,775 shares of the real estate investment trust’s stock worth $154,000 after acquiring an additional 4,838 shares during the period. Finally, NJ State Employees Deferred Compensation Plan bought a new position in shares of American Assets Trust in the third quarter worth $211,000. 90.43% of the stock is currently owned by institutional investors.

American Assets Trust Price Performance

Shares of NYSE AAT opened at $26.25 on Wednesday. American Assets Trust, Inc. has a twelve month low of $20.03 and a twelve month high of $29.15. The company has a current ratio of 8.53, a quick ratio of 8.53 and a debt-to-equity ratio of 1.86. The firm has a 50-day moving average of $27.58 and a two-hundred day moving average of $25.83. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 28.85 and a beta of 1.30.

American Assets Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 5.10%. The ex-dividend date of this dividend was Thursday, December 5th. American Assets Trust’s dividend payout ratio is presently 147.25%.

Analyst Ratings Changes

AAT has been the topic of a number of recent analyst reports. Mizuho lifted their price objective on shares of American Assets Trust from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Morgan Stanley upped 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.

Insider Buying and Selling

In other news, COO Adam Wyll sold 30,238 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $28.22, for a total transaction of $853,316.36. Following the completion of the sale, the chief operating officer now directly owns 45,595 shares of the company’s stock, valued at $1,286,690.90. This represents a 39.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 37.32% of the stock is currently owned by insiders.

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.