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

American Assets Trust, Inc. (NYSE:AAT) COO Adam Wyll sold 30,238 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $28.22, for a total transaction of $853,316.36. Following the completion of the transaction, the chief operating officer now directly owns 45,595 shares of the company’s stock, valued at approximately $1,286,690.90. This trade represents a 39.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

American Assets Trust Stock Performance

Shares of NYSE:AAT opened at $27.74 on Friday. 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, Inc. has a 12-month low of $20.03 and a 12-month high of $29.15. The company’s 50 day moving average price is $27.47 and its two-hundred day moving average price is $25.31. The firm has a market cap of $1.69 billion, a PE ratio of 30.48 and a beta of 1.30.

American Assets Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.335 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.34 annualized dividend and a dividend yield of 4.83%. American Assets Trust’s payout ratio is 147.25%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AAT. Price T Rowe Associates Inc. MD increased its holdings in shares of American Assets Trust by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,099 shares of the real estate investment trust’s stock worth $638,000 after buying an additional 1,735 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in American Assets Trust by 200.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 35,179 shares of the real estate investment trust’s stock worth $763,000 after purchasing an additional 23,452 shares in the last quarter. Summit Global Investments raised its position in American Assets Trust by 2.6% in the second quarter. Summit Global Investments now owns 39,225 shares of the real estate investment trust’s stock valued at $878,000 after purchasing an additional 1,008 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in shares of American Assets Trust by 11.5% during the second quarter. Panagora Asset Management Inc. now owns 255,040 shares of the real estate investment trust’s stock valued at $5,708,000 after purchasing an additional 26,211 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of American Assets Trust during the second quarter worth about $802,000. Institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

AAT has been the subject of a number of recent analyst reports. Morgan Stanley increased their price target 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 lifted their price target on American Assets Trust from $22.00 to $26.00 and gave the stock a “neutral” rating in a 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.