American Assets Trust, Inc. (NYSE:AAT) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 13.8% during the 3rd quarter, Holdings Channel reports. The firm owned 20,165 shares of the real estate investment trust’s stock after selling 3,235 shares during the period. Nisa Investment Advisors LLC’s holdings in American Assets Trust were worth $539,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale raised its position in American Assets Trust by 37.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 35,179 shares of the real estate investment trust’s stock valued at $940,000 after purchasing an additional 9,620 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in American Assets Trust by 34.8% in the third 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 purchasing an additional 488 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of American Assets Trust by 433.5% in the third quarter. Assenagon Asset Management S.A. now owns 83,181 shares of the real estate investment trust’s stock valued at $2,223,000 after buying an additional 67,589 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of American Assets Trust by 516.3% during the third quarter. Blue Trust Inc. now owns 5,775 shares of the real estate investment trust’s stock worth $154,000 after buying an additional 4,838 shares during the period. Finally, Inspire Advisors LLC purchased a new position in shares of American Assets Trust during the third quarter worth about $229,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on AAT. Mizuho upped their price objective on American Assets Trust from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Morgan Stanley upped their price target on 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 Stock Up 0.7 %

Shares of NYSE:AAT opened at $27.32 on Wednesday. American Assets Trust, Inc. has a fifty-two week low of $18.00 and a fifty-two week high of $28.44. The company has a quick ratio of 3.03, a current ratio of 8.53 and a debt-to-equity ratio of 1.86. The firm’s 50-day simple moving average is $26.90 and its 200-day simple moving average is $24.33. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 30.02 and a beta of 1.29.

American Assets Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 4.90%. The ex-dividend date is Thursday, December 5th. American Assets Trust’s payout ratio is 147.25%.

About American Assets Trust

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.