Texas Permanent School Fund lessened its holdings in American Assets Trust, Inc (NYSE:AAT) by 7.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,026 shares of the real estate investment trust’s stock after selling 2,242 shares during the quarter. Texas Permanent School Fund’s holdings in American Assets Trust were worth $1,072,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of AAT. New York State Common Retirement Fund boosted its holdings in American Assets Trust by 16.4% in the second quarter. New York State Common Retirement Fund now owns 42,600 shares of the real estate investment trust’s stock worth $1,678,000 after acquiring an additional 5,999 shares in the last quarter. Advisor Group Inc. boosted its holdings in American Assets Trust by 19.7% in the second quarter. Advisor Group Inc. now owns 2,663 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 439 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in American Assets Trust by 1.0% in the second quarter. Parametric Portfolio Associates LLC now owns 83,466 shares of the real estate investment trust’s stock worth $3,288,000 after acquiring an additional 856 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in American Assets Trust by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 506,006 shares of the real estate investment trust’s stock worth $19,932,000 after acquiring an additional 19,335 shares in the last quarter. Finally, Voya Investment Management LLC boosted its holdings in American Assets Trust by 8.0% in the second quarter. Voya Investment Management LLC now owns 19,481 shares of the real estate investment trust’s stock worth $767,000 after acquiring an additional 1,442 shares in the last quarter. 98.20% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Ernest S. Rady acquired 8,672 shares of American Assets Trust stock in a transaction dated Friday, November 24th. The stock was purchased at an average cost of $39.43 per share, for a total transaction of $341,936.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ernest S. Rady acquired 40,167 shares of American Assets Trust stock in a transaction dated Tuesday, November 21st. The stock was purchased at an average price of $39.34 per share, with a total value of $1,580,169.78. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 156,554 shares of company stock valued at $6,121,031. Company insiders own 34.15% of the company’s stock.

Several equities research analysts have weighed in on AAT shares. Zacks Investment Research downgraded American Assets Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Bank of America downgraded 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. Finally, Mizuho reissued a “hold” rating and issued a $40.00 price target on shares of American Assets Trust in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $44.00.

American Assets Trust, Inc (AAT) opened at $32.98 on Wednesday. American Assets Trust, Inc has a 12 month low of $31.46 and a 12 month high of $44.83. The stock has a market capitalization of $1,537.31, a PE ratio of 49.97, a PEG ratio of 2.77 and a beta of 0.40. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.56.

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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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