Integrated Wealth Concepts LLC Raises Stake in American Assets Trust, Inc. (NYSE:AAT)

Integrated Wealth Concepts LLC increased its stake in shares of American Assets Trust, Inc. (NYSE:AAT) by 2.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,076 shares of the real estate investment trust’s stock after buying an additional 388 shares during the period. Integrated Wealth Concepts LLC’s holdings in American Assets Trust were worth $456,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its position in shares of American Assets Trust by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,474,684 shares of the real estate investment trust’s stock valued at $39,404,000 after acquiring an additional 35,688 shares during the period. Blue Trust Inc. lifted its stake in American Assets Trust by 516.3% in the third quarter. Blue Trust Inc. now owns 5,775 shares of the real estate investment trust’s stock valued at $154,000 after purchasing an additional 4,838 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in American Assets Trust by 9.9% during the second quarter. Dimensional Fund Advisors LP now owns 779,127 shares of the real estate investment trust’s stock valued at $17,436,000 after purchasing an additional 69,985 shares during the period. LSV Asset Management increased its position in American Assets Trust by 1.3% in the second quarter. LSV Asset Management now owns 2,114,348 shares of the real estate investment trust’s stock worth $47,319,000 after buying an additional 26,618 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its position in shares of American Assets Trust by 277.1% during the 3rd quarter. Ritholtz Wealth Management now owns 80,027 shares of the real estate investment trust’s stock valued at $2,138,000 after buying an additional 58,803 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Insiders Place Their Bets

In other news, COO Adam Wyll sold 30,238 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $28.22, for a total value of $853,316.36. Following the transaction, the chief operating officer now owns 45,595 shares of the company’s stock, valued at approximately $1,286,690.90. This represents a 39.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 37.32% of the company’s stock.

American Assets Trust Trading Down 0.3 %

Shares of AAT opened at $27.72 on Thursday. American Assets Trust, Inc. has a twelve month low of $20.03 and a twelve month high of $29.15. The stock has a market cap of $1.69 billion, a PE ratio of 30.46 and a beta of 1.30. The company has a quick ratio of 8.53, a current ratio of 8.53 and a debt-to-equity ratio of 1.86. The business’s 50-day moving average price is $27.56 and its 200-day moving average price is $25.46.

American Assets Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date is Thursday, December 5th. American Assets Trust’s dividend payout ratio (DPR) is presently 147.25%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Mizuho upped their price objective on shares of American Assets Trust from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday. Morgan Stanley increased their target price on American Assets Trust from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th.

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.