American Assets Trust, Inc. (NYSE:AAT) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its holdings in American Assets Trust, Inc. (NYSE:AATGet Rating) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 852,080 shares of the real estate investment trust’s stock after selling 6,913 shares during the quarter. The Manufacturers Life Insurance Company owned about 1.41% of American Assets Trust worth $21,915,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. HighTower Trust Company N.A. acquired a new position in American Assets Trust in the 3rd quarter valued at about $205,000. Coldstream Capital Management Inc. acquired a new position in shares of American Assets Trust in the second quarter valued at approximately $266,000. FMR LLC raised its stake in shares of American Assets Trust by 8.4% during the second quarter. FMR LLC now owns 2,763,383 shares of the real estate investment trust’s stock worth $82,072,000 after purchasing an additional 214,301 shares during the last quarter. Chilton Capital Management LLC lifted its holdings in shares of American Assets Trust by 12.2% during the second quarter. Chilton Capital Management LLC now owns 370,369 shares of the real estate investment trust’s stock worth $11,000,000 after purchasing an additional 40,164 shares during the period. Finally, EMC Capital Management grew its position in American Assets Trust by 49.3% in the 2nd quarter. EMC Capital Management now owns 4,712 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 1,556 shares during the last quarter. 92.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of American Assets Trust in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating, According to MarketBeat, American Assets Trust presently has a consensus rating of “Hold” and an average target price of $32.50.

Insiders Place Their Bets

In related news, CEO Ernest S. Rady purchased 20,000 shares of the stock in a transaction dated Wednesday, November 2nd. The shares were acquired at an average cost of $27.75 per share, with a total value of $555,000.00. Following the purchase, the chief executive officer now directly owns 6,977,855 shares in the company, valued at approximately $193,635,476.25. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders acquired 60,000 shares of company stock worth $1,668,000. 34.38% of the stock is owned by corporate insiders.

American Assets Trust Stock Down 0.4 %

American Assets Trust stock opened at $27.07 on Wednesday. The stock’s 50 day moving average price is $27.29 and its 200 day moving average price is $27.68. American Assets Trust, Inc. has a 1-year low of $24.00 and a 1-year high of $39.10. The company has a market cap of $1.64 billion, a PE ratio of 38.13, a price-to-earnings-growth ratio of 1.48 and a beta of 1.09. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.22 and a quick ratio of 2.22.

American Assets Trust Company Profile

(Get Rating)

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 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, Oregon, Washington, Texas and Hawaii.

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

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