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

The Manufacturers Life Insurance Company decreased its stake in shares of American Assets Trust, Inc. (NYSE:AAT – Get Rating) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 852,080 shares of the real estate investment trust’s stock after selling 6,913 shares during the period. The Manufacturers Life Insurance Company’s holdings in American Assets Trust were worth $21,915,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. State Street Corp raised its stake in American Assets Trust by 12.1% during the first quarter. State Street Corp now owns 3,154,555 shares of the real estate investment trust’s stock valued at $119,526,000 after buying an additional 339,960 shares in the last quarter. FMR LLC lifted its stake in 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. Invesco Ltd. increased its stake in American Assets Trust by 115.0% during the first quarter. Invesco Ltd. now owns 365,299 shares of the real estate investment trust’s stock valued at $13,841,000 after purchasing an additional 195,424 shares during the last quarter. American Assets Inc. raised its holdings in shares of American Assets Trust by 2.5% during the second quarter. American Assets Inc. now owns 7,287,275 shares of the real estate investment trust’s stock worth $216,432,000 after purchasing an additional 180,273 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of American Assets Trust by 1,329.6% in the 2nd quarter. Renaissance Technologies LLC now owns 193,000 shares of the real estate investment trust’s stock worth $5,732,000 after buying an additional 179,500 shares during the last quarter. Institutional investors own 92.33% of the company’s stock.

Wall Street Analyst Weigh In

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

American Assets Trust Price Performance

Shares of NYSE AAT opened at $27.07 on Wednesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.22 and a quick ratio of 2.22. The firm has a market capitalization of $1.64 billion, a PE ratio of 38.13, a P/E/G ratio of 1.48 and a beta of 1.09. American Assets Trust, Inc. has a 1-year low of $24.00 and a 1-year high of $39.10. The business’s fifty day moving average price is $27.29 and its two-hundred day moving average price is $27.68.

Insiders Place Their Bets

In other American Assets Trust news, CEO Ernest S. Rady purchased 20,000 shares of the business’s stock in a transaction dated Friday, November 4th. The shares were bought at an average price of $28.35 per share, with a total value of $567,000.00. Following the completion of the acquisition, the chief executive officer now owns 6,987,855 shares in the company, valued at approximately $198,105,689.25. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders bought 60,000 shares of company stock worth $1,668,000. Insiders own 34.38% of the company’s stock.

American Assets Trust Profile

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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.