Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Buys 1,800 Shares of American Assets Trust, Inc. (NYSE:AAT)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in American Assets Trust, Inc. (NYSE:AAT – Get Rating) by 7.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,052 shares of the real estate investment trust’s stock after purchasing an additional 1,800 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in American Assets Trust were worth $644,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new stake in American Assets Trust in the 2nd quarter worth approximately $42,000. Lazard Asset Management LLC increased its position in American Assets Trust by 207.6% in the second quarter. Lazard Asset Management LLC now owns 1,452 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 980 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new stake in American Assets Trust during the third quarter valued at $43,000. US Bancorp DE lifted its position in American Assets Trust by 117.4% during the second quarter. US Bancorp DE now owns 2,024 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 1,093 shares during the last quarter. Finally, KBC Group NV purchased a new position in shares of American Assets Trust in the 2nd quarter worth $130,000. 92.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity at American Assets Trust

In other news, CEO Ernest S. Rady acquired 20,000 shares of the firm’s stock in a transaction on Monday, October 31st. The stock was acquired at an average price of $27.30 per share, with a total value of $546,000.00. Following the completion of the purchase, the chief executive officer now directly owns 2,247,022 shares in the company, valued at $61,343,700.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have bought 60,000 shares of company stock worth $1,668,000. Insiders own 34.38% of the company’s stock.

American Assets Trust Stock Down 0.2 %

Shares of AAT opened at $27.22 on Friday. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 1.38. The business has a fifty day moving average of $27.33 and a 200 day moving average of $27.73. The company has a market cap of $1.65 billion, a PE ratio of 38.34, a P/E/G ratio of 1.51 and a beta of 1.09. American Assets Trust, Inc. has a 52-week low of $24.00 and a 52-week high of $39.10.

American Assets Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 22nd. Investors of record on Thursday, December 8th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, December 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.70%. American Assets Trust’s dividend payout ratio is presently 180.28%.

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.