American Assets Trust, Inc. (NYSE:AAT) Shares Acquired by Quarry LP

Quarry LP boosted its position in American Assets Trust, Inc. (NYSE:AAT) by 131.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,163 shares of the real estate investment trust’s stock after acquiring an additional 1,228 shares during the quarter. Quarry LP’s holdings in American Assets Trust were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in shares of American Assets Trust by 130.3% in the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 1,059 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in American Assets Trust by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,891 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 488 shares in the last quarter. Blue Trust Inc. raised its holdings 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 buying an additional 4,838 shares during the period. NJ State Employees Deferred Compensation Plan acquired a new position in American Assets Trust during the third quarter valued at approximately $211,000. Finally, Verition Fund Management LLC purchased a new stake in American Assets Trust during the third quarter worth approximately $217,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Insider Buying and Selling

In other American Assets Trust news, COO Adam Wyll sold 30,238 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $28.22, for a total transaction of $853,316.36. Following the completion of the sale, the chief operating officer now owns 45,595 shares in the company, valued at $1,286,690.90. This trade represents a 39.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 37.32% of the stock is currently owned by insiders.

American Assets Trust Stock Up 0.9 %

Shares of NYSE:AAT opened at $28.00 on Tuesday. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 30.77 and a beta of 1.30. The company has a 50 day moving average of $27.50 and a two-hundred day moving average of $25.40. American Assets Trust, Inc. has a 52-week low of $20.03 and a 52-week high of $29.15. The company has a quick ratio of 8.53, a current ratio of 8.53 and a debt-to-equity ratio of 1.86.

American Assets Trust Announces Dividend

The company also recently declared 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 4.79%. The ex-dividend date of this dividend is Thursday, December 5th. American Assets Trust’s payout ratio is 147.25%.

Analyst Ratings Changes

A number of equities analysts have recently commented on AAT shares. Morgan Stanley raised 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. Mizuho boosted their price objective on American Assets Trust from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th.

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.