Mirae Asset Global Investments Co. Ltd. Buys 488 Shares of American Assets Trust, Inc. (NYSE:AAT)

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 34.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,891 shares of the real estate investment trust’s stock after buying an additional 488 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in American Assets Trust were worth $50,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AAT. Daiwa Securities Group Inc. raised its stake in shares of American Assets Trust by 41.0% during the first quarter. Daiwa Securities Group Inc. now owns 21,818 shares of the real estate investment trust’s stock worth $478,000 after buying an additional 6,347 shares during the last quarter. Texas Permanent School Fund Corp raised its stake in shares of American Assets Trust by 1.6% during the first quarter. Texas Permanent School Fund Corp now owns 42,636 shares of the real estate investment trust’s stock worth $934,000 after buying an additional 689 shares during the last quarter. LSV Asset Management raised its stake in shares of American Assets Trust by 0.3% during the first quarter. LSV Asset Management now owns 2,087,730 shares of the real estate investment trust’s stock worth $45,742,000 after buying an additional 6,061 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of American Assets Trust by 1,140.3% during the first quarter. SG Americas Securities LLC now owns 175,550 shares of the real estate investment trust’s stock worth $3,846,000 after buying an additional 161,396 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its stake in shares of American Assets Trust by 4.4% during the first quarter. Illinois Municipal Retirement Fund now owns 29,091 shares of the real estate investment trust’s stock worth $637,000 after buying an additional 1,229 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

AAT has been the subject of several recent analyst reports. Mizuho upped their target price on shares of 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 target price on shares of American Assets Trust from $23.00 to $24.00 and gave the company 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 52 week low of $18.00 and a 52 week high of $28.44. The company has a debt-to-equity ratio of 1.86, a quick ratio of 3.03 and a current ratio of 8.53. The company has a market capitalization of $1.66 billion, a PE ratio of 30.02 and a beta of 1.29. The company has a 50 day moving average price of $26.90 and a two-hundred day moving average price of $24.33.

American Assets Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend is Thursday, December 5th. American Assets Trust’s dividend payout ratio (DPR) is presently 147.25%.

American Assets Trust Company 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.