American Assets Trust, Inc. (AAT) Short Interest Update

American Assets Trust, Inc. (NYSE:AAT) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 1,480,716 shares, a growth of 41.0% from the October 13th total of 1,050,312 shares. Based on an average trading volume of 226,035 shares, the short-interest ratio is currently 6.6 days. Approximately 3.7% of the shares of the stock are short sold.

AAT has been the subject of several recent research reports. TheStreet downgraded American Assets Trust from a “b-” rating to a “c+” rating in a report on Wednesday, July 26th. Zacks Investment Research downgraded American Assets Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. BidaskClub upgraded American Assets Trust from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Bank of America Corporation downgraded American Assets Trust from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a report on Thursday, November 2nd. Finally, Mizuho reiterated a “hold” rating and issued a $40.00 price objective on shares of American Assets Trust in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $44.00.

American Assets Trust (NYSE AAT) opened at $39.46 on Friday. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.56. American Assets Trust has a twelve month low of $36.79 and a twelve month high of $44.83. The company has a market capitalization of $1,859.67, a P/E ratio of 20.45, a P/E/G ratio of 3.45 and a beta of 0.52.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.74%. The ex-dividend date is Wednesday, December 6th. This is a positive change from American Assets Trust’s previous quarterly dividend of $0.26. American Assets Trust’s dividend payout ratio is presently 157.58%.

In related news, CEO Ernest S. Rady purchased 9,438 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were acquired at an average price of $40.45 per share, for a total transaction of $381,767.10. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ernest S. Rady purchased 26,230 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was bought at an average price of $38.62 per share, for a total transaction of $1,013,002.60. The disclosure for this purchase can be found here. Insiders bought 324,532 shares of company stock worth $12,945,472 in the last 90 days. Company insiders own 34.15% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in AAT. Advisor Group Inc. grew its position in American Assets Trust by 19.7% in the 2nd quarter. Advisor Group Inc. now owns 2,663 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 439 shares during the last quarter. Riverhead Capital Management LLC grew its position in shares of American Assets Trust by 83.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,298 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 1,498 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of American Assets Trust by 15.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,700 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 500 shares in the last quarter. Perigon Wealth Management LLC grew its position in shares of American Assets Trust by 55.0% during the 2nd quarter. Perigon Wealth Management LLC now owns 3,875 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 1,375 shares in the last quarter. Finally, Schroder Investment Management Group bought a new position in shares of American Assets Trust during the 3rd quarter worth $204,000. Institutional investors own 97.69% of the company’s stock.

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American Assets Trust Company Profile

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires and develops retail, office, multifamily and mixed-use properties in Southern California, Northern California, Oregon, Washington, Texas and Hawaii markets.

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