American Assets Trust, Inc. (NYSE:AAT) COO Adam Wyll Sells 30,238 Shares

American Assets Trust, Inc. (NYSE:AAT) COO Adam Wyll sold 30,238 shares of American Assets Trust stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $28.22, for a total value of $853,316.36. Following the sale, 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 filing with the SEC, which is available at this hyperlink.

American Assets Trust Stock Down 1.1 %

Shares of NYSE AAT opened at $27.83 on Friday. American Assets Trust, Inc. has a 52 week low of $20.03 and a 52 week high of $29.15. The stock’s fifty day moving average is $27.45 and its 200 day moving average is $25.27. The company has a debt-to-equity ratio of 1.86, a quick ratio of 8.53 and a current ratio of 8.53. The stock has a market capitalization of $1.69 billion, a P/E ratio of 30.58 and a beta of 1.30.

American Assets Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend is Thursday, December 5th. American Assets Trust’s dividend payout ratio is currently 147.25%.

Institutional Trading of American Assets Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC increased its stake in American Assets Trust by 2.3% in the third quarter. Integrated Wealth Concepts LLC now owns 17,076 shares of the real estate investment trust’s stock valued at $456,000 after acquiring an additional 388 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of American Assets Trust by 3.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 15,504 shares of the real estate investment trust’s stock valued at $414,000 after purchasing an additional 446 shares in the last quarter. Custom Index Systems LLC increased its stake in shares of American Assets Trust by 4.5% in the 2nd quarter. Custom Index Systems LLC now owns 10,697 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 463 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of 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 buying an additional 488 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of American Assets Trust by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,052 shares of the real estate investment trust’s stock worth $605,000 after buying an additional 571 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on AAT shares. Morgan Stanley increased their target price on shares of American Assets Trust from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Mizuho increased their price target on American Assets Trust from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th.

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.