American Assets Trust, Inc. (AAT) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its position in American Assets Trust, Inc. (NYSE:AAT) by 15.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,646 shares of the real estate investment trust’s stock after selling 1,439 shares during the quarter. Envestnet Asset Management Inc.’s holdings in American Assets Trust were worth $304,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its stake in shares of 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 purchasing an additional 439 shares during the period. Riverhead Capital Management LLC lifted its stake in shares of American Assets Trust by 83.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,298 shares of the real estate investment trust’s stock valued at $130,000 after purchasing an additional 1,498 shares during the period. Perigon Wealth Management LLC lifted its stake in shares of American Assets Trust by 55.0% in the 2nd quarter. Perigon Wealth Management LLC now owns 3,875 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 1,375 shares during the period. Schroder Investment Management Group purchased a new position in shares of American Assets Trust in the 3rd quarter valued at approximately $204,000. Finally, Pinebridge Investments L.P. lifted its stake 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 valued at $216,000 after purchasing an additional 132 shares during the period. Institutional investors own 98.22% of the company’s stock.

A number of research analysts have recently commented on AAT shares. Bank of America cut American Assets Trust from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a research note on Thursday, November 2nd. Mizuho restated a “hold” rating and issued a $40.00 target price on shares of American Assets Trust in a research note on Friday, November 10th. Finally, Zacks Investment Research cut American Assets Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $44.00.

In related news, CEO Ernest S. Rady acquired 26,230 shares of the stock in a transaction on Monday, November 6th. The stock was acquired at an average price of $38.62 per share, for a total transaction of $1,013,002.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernest S. Rady acquired 2,334 shares of the stock in a transaction on Wednesday, December 13th. The shares were bought at an average price of $39.23 per share, with a total value of $91,562.82. The disclosure for this purchase can be found here. Insiders have acquired 267,939 shares of company stock valued at $10,441,454 in the last quarter. 34.15% of the stock is owned by company insiders.

American Assets Trust, Inc. (NYSE:AAT) opened at $37.74 on Monday. The stock has a market capitalization of $1,780.00, a price-to-earnings ratio of 56.33, a price-to-earnings-growth ratio of 3.32 and a beta of 0.51. American Assets Trust, Inc. has a one year low of $36.79 and a one year high of $44.83. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.76 and a current ratio of 2.76.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th were paid a dividend of $0.27 per share. This is a boost from American Assets Trust’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, December 6th. This represents a $1.08 dividend on an annualized basis and a yield of 2.86%. American Assets Trust’s payout ratio is presently 161.19%.

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About American Assets Trust

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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