GSA Capital Partners LLP lifted its stake in American Assets Trust, Inc. (NYSE:AAT) by 287.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,987 shares of the real estate investment trust’s stock after acquiring an additional 37,837 shares during the period. GSA Capital Partners LLP owned approximately 0.11% of American Assets Trust worth $2,028,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Advisor Group Inc. boosted its holdings in shares of American Assets Trust by 19.7% in the second quarter. Advisor Group Inc. now owns 2,663 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 439 shares during the period. Riverhead Capital Management LLC boosted its stake in American Assets Trust by 83.2% during the second quarter. Riverhead Capital Management LLC now owns 3,298 shares of the real estate investment trust’s stock valued at $130,000 after buying an additional 1,498 shares during the period. Daiwa Securities Group Inc. boosted its stake in American Assets Trust by 15.6% during the second quarter. Daiwa Securities Group Inc. now owns 3,700 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 500 shares during the period. Perigon Wealth Management LLC boosted its stake in American Assets Trust by 55.0% during the second quarter. Perigon Wealth Management LLC now owns 3,875 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 1,375 shares during the period. Finally, Schroder Investment Management Group bought a new stake in American Assets Trust during the third quarter valued at $204,000. 98.31% of the stock is owned by hedge funds and other institutional investors.

Shares of American Assets Trust, Inc. (AAT) opened at $39.26 on Friday. The stock has a market capitalization of $1,850.25, a price-to-earnings ratio of 20.34, a P/E/G ratio of 3.45 and a beta of 0.51. American Assets Trust, Inc. has a 52 week low of $36.79 and a 52 week high of $44.83. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.76 and a current ratio of 2.76.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be paid a dividend of $0.27 per share. This is a positive change from American Assets Trust’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $1.08 annualized dividend and a yield of 2.75%. American Assets Trust’s dividend payout ratio (DPR) is currently 163.64%.

In other news, CEO Ernest S. Rady purchased 85,155 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was purchased at an average price of $38.84 per share, with a total value of $3,307,420.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ernest S. Rady purchased 26,230 shares of the company’s stock in a transaction on Monday, November 6th. The shares were purchased at an average cost of $38.62 per share, with a total value of $1,013,002.60. The disclosure for this purchase can be found here. Insiders have purchased 267,939 shares of company stock valued at $10,441,454 in the last three months. 34.15% of the stock is owned by corporate insiders.

Several research firms recently issued reports on AAT. Zacks Investment Research lowered American Assets Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. BidaskClub raised American Assets Trust from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Mizuho reissued a “hold” rating and set a $40.00 price objective on shares of American Assets Trust in a research note on Friday, November 10th. Finally, Bank of America lowered American Assets Trust from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. American Assets Trust currently has a consensus rating of “Hold” and a consensus price target of $44.00.

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About American Assets Trust

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

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