17,409 Shares in American Assets Trust, Inc. (NYSE:AAT) Bought by ClearAlpha Technologies LP

ClearAlpha Technologies LP purchased a new stake in American Assets Trust, Inc. (NYSE:AAT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,409 shares of the real estate investment trust’s stock, valued at approximately $465,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its stake in shares of American Assets Trust by 130.3% in the second quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 1,059 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in American Assets Trust by 34.8% in 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 acquiring an additional 488 shares during the period. Blue Trust Inc. boosted its position in American Assets Trust by 516.3% in the 3rd quarter. Blue Trust Inc. now owns 5,775 shares of the real estate investment trust’s stock worth $154,000 after purchasing an additional 4,838 shares in the last quarter. NJ State Employees Deferred Compensation Plan purchased a new stake in American Assets Trust in the 3rd quarter worth approximately $211,000. Finally, Verition Fund Management LLC acquired a new stake in shares of American Assets Trust during the 3rd quarter worth approximately $217,000. 90.43% of the stock is owned by institutional investors and hedge funds.

American Assets Trust Stock Performance

Shares of NYSE:AAT opened at $28.44 on Monday. The company has a debt-to-equity ratio of 1.86, a current ratio of 8.53 and a quick ratio of 8.53. American Assets Trust, Inc. has a 1 year low of $19.63 and a 1 year high of $29.15. The firm has a market capitalization of $1.73 billion, a PE ratio of 31.25 and a beta of 1.29. The business’s 50 day moving average price is $27.35 and its 200-day moving average price is $25.15.

American Assets Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.335 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.34 annualized dividend and a yield of 4.71%. American Assets Trust’s dividend payout ratio (DPR) is presently 147.25%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Morgan Stanley boosted their target price 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 upped their price objective on shares of 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.