Sei Investments Co. Grows Holdings in American Assets Trust, Inc. (AAT)

Sei Investments Co. raised its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 51.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 443,439 shares of the real estate investment trust’s stock after purchasing an additional 150,483 shares during the period. Sei Investments Co. owned 0.94% of American Assets Trust worth $21,504,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Pinebridge Investments L.P. boosted its holdings in shares of American Assets Trust by 2.5% during 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 last quarter. Amalgamated Bank lifted its holdings in shares of American Assets Trust by 5.6% in the 2nd quarter. Amalgamated Bank now owns 5,561 shares of the real estate investment trust’s stock valued at $219,000 after acquiring an additional 296 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of American Assets Trust by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 16,900 shares of the real estate investment trust’s stock valued at $666,000 after acquiring an additional 300 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of American Assets Trust by 1.4% in the 2nd quarter. Arizona State Retirement System now owns 21,602 shares of the real estate investment trust’s stock valued at $851,000 after acquiring an additional 300 shares during the last quarter. Finally, BB&T Securities LLC lifted its holdings in shares of American Assets Trust by 5.6% in the 2nd quarter. BB&T Securities LLC now owns 6,751 shares of the real estate investment trust’s stock valued at $265,000 after acquiring an additional 358 shares during the last quarter. 97.69% of the stock is owned by institutional investors and hedge funds.

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Shares of American Assets Trust, Inc. (AAT) opened at $39.53 on Tuesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.76 and a quick ratio of 2.76. American Assets Trust, Inc. has a 1 year low of $36.79 and a 1 year high of $44.83. The firm has a market cap of $1,853.54, a PE ratio of 20.38, a P/E/G ratio of 3.44 and a beta of 0.52.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be given a $0.27 dividend. This is a positive change from American Assets Trust’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Wednesday, December 6th. American Assets Trust’s dividend payout ratio is 157.58%.

A number of research analysts recently commented on the stock. Mizuho reaffirmed a “hold” rating and issued a $40.00 price target on shares of American Assets Trust in a report on Friday. Bank of America Corporation downgraded shares of American Assets Trust from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a report on Thursday, November 2nd. Zacks Investment Research downgraded shares of American Assets Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. BidaskClub raised shares of American Assets Trust from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Finally, TheStreet lowered shares of American Assets Trust from a “b-” rating to a “c+” rating in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. American Assets Trust has a consensus rating of “Hold” and an average price target of $44.00.

In related news, CEO Ernest S. Rady bought 26,230 shares of American Assets Trust stock in a transaction dated Monday, November 6th. The shares were acquired at an average cost of $38.62 per share, with a total value of $1,013,002.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ernest S. Rady bought 85,155 shares of American Assets Trust stock in a transaction dated Wednesday, November 8th. The shares were bought at an average cost of $38.84 per share, for a total transaction of $3,307,420.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 419,039 shares of company stock worth $16,760,429. Corporate insiders own 34.15% of the company’s stock.

American Assets Trust Profile

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.

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Institutional Ownership by Quarter for American Assets Trust (NYSE:AAT)

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