Arizona State Retirement System Has $385,000 Position in American Assets Trust, Inc. (NYSE:AAT)

Arizona State Retirement System lifted its position in shares of American Assets Trust, Inc. (NYSE:AAT – Get Rating) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,517 shares of the real estate investment trust’s stock after buying an additional 537 shares during the period. Arizona State Retirement System’s holdings in American Assets Trust were worth $385,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AAT. Raymond James & Associates acquired a new position in American Assets Trust during the first quarter valued at approximately $375,000. Natixis Advisors L.P. acquired a new position in American Assets Trust during the first quarter valued at approximately $552,000. MetLife Investment Management LLC boosted its position in American Assets Trust by 53.7% during the first quarter. MetLife Investment Management LLC now owns 26,466 shares of the real estate investment trust’s stock valued at $1,003,000 after purchasing an additional 9,243 shares during the last quarter. Rhumbline Advisers boosted its position in American Assets Trust by 1.6% during the first quarter. Rhumbline Advisers now owns 150,162 shares of the real estate investment trust’s stock valued at $5,690,000 after purchasing an additional 2,368 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in American Assets Trust by 14.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 45,394 shares of the real estate investment trust’s stock valued at $1,720,000 after purchasing an additional 5,631 shares during the last quarter. 92.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Ernest S. Rady bought 120,000 shares of the stock in a transaction dated Monday, May 1st. The shares were bought at an average price of $17.99 per share, for a total transaction of $2,158,800.00. Following the completion of the purchase, the chief executive officer now owns 7,197,628 shares in the company, valued at $129,485,327.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Ernest S. Rady bought 120,000 shares of the stock in a transaction dated Monday, May 1st. The shares were bought at an average price of $17.99 per share, for a total transaction of $2,158,800.00. Following the completion of the purchase, the chief executive officer now owns 7,197,628 shares in the company, valued at $129,485,327.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ernest S. Rady bought 100,000 shares of the stock in a transaction dated Wednesday, May 3rd. The shares were purchased at an average price of $17.66 per share, for a total transaction of $1,766,000.00. Following the purchase, the chief executive officer now owns 7,397,628 shares of the company’s stock, valued at approximately $130,642,110.48. The disclosure for this purchase can be found here. Insiders acquired a total of 602,140 shares of company stock valued at $11,255,918 over the last three months. Insiders own 35.44% of the company’s stock.

American Assets Trust Stock Performance

AAT opened at $18.97 on Friday. American Assets Trust, Inc. has a 12-month low of $16.04 and a 12-month high of $34.28. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 3.98 and a beta of 1.11. The business has a 50 day moving average of $18.19 and a 200-day moving average of $23.88. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 1.44.

American Assets Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Thursday, June 8th will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.96%. American Assets Trust’s payout ratio is 160.98%.

Analyst Ratings Changes

AAT has been the subject of several recent research reports. StockNews.com initiated coverage on American Assets Trust in a research report on Thursday. They set a “hold” rating for the company. Mizuho reaffirmed a “neutral” rating and issued a $30.00 price objective on shares of American Assets Trust in a research report on Friday, February 10th. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $29.00.

American Assets Trust Company Profile

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American Assets Trust, Inc is a real estate investment trust. It owns, operates, acquires, and develops retail shopping centers, office properties, mixed-use properties, and multifamily properties. It operates through the following business segments: Office, Retail, Multifamily, and Mixed-Use. The Office segment includes rental of office space.