Mutual of America Capital Management LLC Buys 399 Shares of American Assets Trust, Inc. (NYSE:AAT)

Mutual of America Capital Management LLC lifted its stake in shares of American Assets Trust, Inc. (NYSE:AATGet Rating) by 5.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,587 shares of the real estate investment trust’s stock after purchasing an additional 399 shares during the quarter. Mutual of America Capital Management LLC’s holdings in American Assets Trust were worth $287,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AAT. Russell Investments Group Ltd. bought a new position in shares of American Assets Trust during the 4th quarter worth about $226,000. Van ECK Associates Corp lifted its position in American Assets Trust by 66.9% in the 4th quarter. Van ECK Associates Corp now owns 3,887 shares of the real estate investment trust’s stock valued at $146,000 after acquiring an additional 1,558 shares in the last quarter. Brown Advisory Inc. bought a new position in American Assets Trust in the 4th quarter valued at about $315,000. Allspring Global Investments Holdings LLC bought a new position in American Assets Trust in the 4th quarter valued at about $1,038,000. Finally, Yousif Capital Management LLC bought a new position in American Assets Trust in the 4th quarter valued at about $1,796,000. Institutional investors own 94.83% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Ernest S. Rady purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, May 5th. The stock was bought at an average price of $35.21 per share, for a total transaction of $352,100.00. Following the purchase, the chief executive officer now directly owns 2,026,619 shares in the company, valued at approximately $71,357,254.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Ernest S. Rady purchased 1,197 shares of the firm’s stock in a transaction dated Monday, May 23rd. The stock was bought at an average price of $32.15 per share, for a total transaction of $38,483.55. Following the purchase, the chief executive officer now directly owns 2,107,816 shares in the company, valued at approximately $67,766,284.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernest S. Rady purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, May 5th. The shares were bought at an average price of $35.21 per share, with a total value of $352,100.00. Following the purchase, the chief executive officer now owns 2,026,619 shares in the company, valued at $71,357,254.99. The disclosure for this purchase can be found here. Insiders have bought a total of 101,197 shares of company stock valued at $3,282,784 in the last 90 days. 34.38% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AAT has been the topic of several recent research reports. TheStreet cut shares of American Assets Trust from a “b-” rating to a “c+” rating in a research report on Thursday, June 16th. KeyCorp reaffirmed a “sector weight” rating on shares of American Assets Trust in a research report on Thursday, July 14th. Mizuho dropped their price target on shares of American Assets Trust from $37.00 to $30.00 and set a “maintains” rating on the stock in a research report on Wednesday, July 27th. Finally, Morgan Stanley dropped their price target on shares of American Assets Trust from $34.50 to $25.50 and set an “equal weight” rating on the stock in a research report on Friday, July 15th. Three investment analysts have rated the stock with a hold rating, According to MarketBeat, American Assets Trust currently has a consensus rating of “Hold” and an average target price of $27.75.

American Assets Trust Price Performance

American Assets Trust stock opened at $30.02 on Tuesday. American Assets Trust, Inc. has a 52 week low of $28.38 and a 52 week high of $40.83. The company’s 50 day moving average price is $30.60 and its two-hundred day moving average price is $34.03. The company has a quick ratio of 2.43, a current ratio of 2.34 and a debt-to-equity ratio of 1.38. The stock has a market cap of $1.82 billion, a P/E ratio of 44.81, a P/E/G ratio of 1.69 and a beta of 1.10.

American Assets Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Thursday, September 8th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $1.28 annualized dividend and a dividend yield of 4.26%. American Assets Trust’s dividend payout ratio is currently 191.04%.

American Assets Trust Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for American Assets Trust (NYSE:AAT)

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