Ritholtz Wealth Management Has $2.56 Million Stake in American Assets Trust, Inc. (NYSE:AAT)

Ritholtz Wealth Management increased its position in shares of American Assets Trust, Inc. (NYSE:AAT) by 21.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 97,281 shares of the real estate investment trust’s stock after buying an additional 17,254 shares during the quarter. Ritholtz Wealth Management’s holdings in American Assets Trust were worth $2,555,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Integrated Wealth Concepts LLC increased its holdings in American Assets Trust by 2.3% during the third quarter. Integrated Wealth Concepts LLC now owns 17,076 shares of the real estate investment trust’s stock worth $456,000 after buying an additional 388 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of American Assets Trust by 3.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 15,504 shares of the real estate investment trust’s stock valued at $414,000 after acquiring an additional 446 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of 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 during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of American Assets Trust by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,052 shares of the real estate investment trust’s stock valued at $605,000 after purchasing an additional 571 shares during the period. Finally, Intech Investment Management LLC lifted its stake in American Assets Trust by 5.1% in the 3rd quarter. Intech Investment Management LLC now owns 11,893 shares of the real estate investment trust’s stock valued at $318,000 after purchasing an additional 582 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

American Assets Trust Stock Performance

Shares of AAT stock opened at $24.81 on Friday. American Assets Trust, Inc. has a 52 week low of $20.03 and a 52 week high of $29.15. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 27.26 and a beta of 1.31. The company has a 50-day simple moving average of $26.76 and a 200 day simple moving average of $26.23. The company has a debt-to-equity ratio of 1.86, a quick ratio of 8.53 and a current ratio of 8.53.

American Assets Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 5.40%. The ex-dividend date of this dividend was Thursday, December 5th. American Assets Trust’s payout ratio is 147.25%.

Analyst Ratings Changes

AAT has been the topic of several research analyst reports. Mizuho upped their price objective on 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 increased their price target on American Assets Trust from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th.

Insider Transactions at American Assets Trust

In other news, COO Adam Wyll sold 30,238 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $28.22, for a total value of $853,316.36. Following the completion of the sale, the chief operating officer now owns 45,595 shares of the company’s stock, valued at approximately $1,286,690.90. The trade was a 39.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 37.32% of the stock is owned by corporate insiders.

American Assets Trust 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.