Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Purchases 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% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 quarter.

Several other institutional investors have also recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new position in American Assets Trust during the second quarter valued at approximately $42,000. Lazard Asset Management LLC raised its position in American Assets Trust by 207.6% in the 2nd 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 period. Wipfli Financial Advisors LLC bought a new stake in American Assets Trust in the third quarter worth $43,000. US Bancorp DE boosted 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 buying an additional 1,093 shares during the period. Finally, KBC Group NV bought a new position in shares of American Assets Trust during the second quarter valued at about $130,000. 92.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

American Assets Trust Price Performance

AAT stock opened at $27.22 on Friday. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 1.51 and a beta of 1.09. The firm’s 50-day moving average price is $27.33 and its two-hundred day moving average price is $27.73. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 1.38. American Assets Trust, Inc. has a 12-month low of $24.00 and a 12-month high of $39.10.

American Assets Trust Announces Dividend

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

Insider Activity at American Assets Trust

In other news, CEO Ernest S. Rady bought 20,000 shares of American Assets Trust stock in a transaction on Wednesday, November 2nd. The shares were purchased at an average price of $27.75 per share, for a total transaction of $555,000.00. Following the acquisition, the chief executive officer now owns 6,977,855 shares of the company’s stock, valued at $193,635,476.25. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have purchased a total of 60,000 shares of company stock worth $1,668,000 over the last quarter. Corporate insiders own 34.38% of the company’s stock.

About American Assets Trust

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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.