8,122 Shares in American Assets Trust, Inc. (NYSE:AAT) Bought by Verition Fund Management LLC

Verition Fund Management LLC bought a new stake in American Assets Trust, Inc. (NYSE:AAT) in the third quarter, HoldingsChannel reports. The fund bought 8,122 shares of the real estate investment trust’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Signaturefd LLC grew 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 valued at $42,000 after acquiring an additional 1,059 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in American Assets Trust by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,891 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 488 shares during the last quarter. Blue Trust Inc. grew its stake 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 purchasing an additional 4,838 shares in the last quarter. NJ State Employees Deferred Compensation Plan bought a new position in American Assets Trust in the third quarter valued at approximately $211,000. Finally, QRG Capital Management Inc. acquired a new position in shares of American Assets Trust during the 3rd quarter worth approximately $228,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at American Assets Trust

In other American Assets Trust news, COO Adam Wyll sold 30,238 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $28.22, for a total value of $853,316.36. Following the transaction, the chief operating officer now directly owns 45,595 shares of the company’s stock, valued at $1,286,690.90. This represents a 39.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 37.32% of the company’s stock.

American Assets Trust Price Performance

NYSE:AAT opened at $27.82 on Monday. American Assets Trust, Inc. has a 12-month low of $20.03 and a 12-month high of $29.15. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 30.57 and a beta of 1.30. The stock’s 50 day moving average price is $27.62 and its two-hundred day moving average price is $25.59. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date is Thursday, December 5th. American Assets Trust’s dividend payout ratio (DPR) is presently 147.25%.

Wall Street Analyst Weigh In

Several research firms have recently commented on AAT. Morgan Stanley increased their price objective on American Assets Trust from $23.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Mizuho increased their price target on shares of American Assets Trust from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th.

About American Assets Trust

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.