Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of American Assets Trust, Inc. (NYSE:AAT – Get Rating) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,155 shares of the real estate investment trust’s stock after purchasing an additional 3,400 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.11% of American Assets Trust worth $1,650,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the business. Texas Permanent School Fund grew its position in shares of American Assets Trust by 1.9% during the second quarter. Texas Permanent School Fund now owns 38,057 shares of the real estate investment trust’s stock worth $1,130,000 after purchasing an additional 726 shares in the last quarter. First Trust Advisors LP increased its stake in American Assets Trust by 3.5% in the 1st quarter. First Trust Advisors LP now owns 27,970 shares of the real estate investment trust’s stock worth $1,060,000 after acquiring an additional 936 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of American Assets Trust by 207.6% during the 2nd quarter. Lazard Asset Management LLC now owns 1,452 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 980 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of American Assets Trust by 1.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 87,693 shares of the real estate investment trust’s stock valued at $3,424,000 after acquiring an additional 982 shares during the last quarter. Finally, Inspire Investing LLC raised its stake in American Assets Trust by 13.6% during the second quarter. Inspire Investing LLC now owns 8,558 shares of the real estate investment trust’s stock valued at $254,000 after purchasing an additional 1,022 shares in the last quarter. Hedge funds and other institutional investors own 92.33% of the company’s stock.
Insider Buying and Selling
In other American Assets Trust news, CEO Ernest S. Rady bought 20,000 shares of the company’s stock in a transaction on Wednesday, November 2nd. The stock was acquired at an average price of $27.75 per share, for a total transaction of $555,000.00. Following the completion of the transaction, the chief executive officer now directly owns 6,977,855 shares of the company’s stock, valued at $193,635,476.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have bought 60,000 shares of company stock valued at $1,668,000 in the last ninety days. 34.38% of the stock is owned by company insiders.
American Assets Trust Stock Up 2.4 %
American Assets Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, December 22nd. Investors of record on Thursday, December 8th were issued a dividend of $0.32 per share. The ex-dividend date was Wednesday, December 7th. This represents a $1.28 annualized dividend and a yield of 4.73%. American Assets Trust’s payout ratio is 180.28%.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on shares of American Assets Trust in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $32.50.
American Assets Trust Profile
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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