Jane Street Group LLC Purchases 52,977 Shares of American Assets Trust, Inc. (NYSE:AAT)

Jane Street Group LLC raised its position in shares of American Assets Trust, Inc. (NYSE:AAT) by 142.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 90,078 shares of the real estate investment trust’s stock after purchasing an additional 52,977 shares during the quarter. Jane Street Group LLC’s holdings in American Assets Trust were worth $2,407,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in shares of American Assets Trust by 130.3% during the second quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 1,059 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in American Assets Trust by 34.8% during the 3rd 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 purchasing an additional 488 shares during the last quarter. Quarry LP raised its position in American Assets Trust by 131.3% during the 3rd quarter. Quarry LP now owns 2,163 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 1,228 shares during the last quarter. Blue Trust Inc. lifted its holdings 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 buying an additional 4,838 shares during the period. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in shares of American Assets Trust in the 3rd quarter worth approximately $211,000. Institutional investors own 90.43% of the company’s stock.

Insider Buying and Selling

In related news, COO Adam Wyll sold 30,238 shares of American Assets Trust stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $28.22, for a total transaction of $853,316.36. Following the completion of the transaction, the chief operating officer now directly owns 45,595 shares of the company’s stock, valued at $1,286,690.90. This trade represents a 39.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 37.32% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AAT shares. Mizuho upped their target price on American Assets Trust from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Morgan Stanley upped their price objective on shares of American Assets Trust from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th.

American Assets Trust Stock Performance

American Assets Trust stock opened at $26.00 on Monday. American Assets Trust, Inc. has a fifty-two week low of $20.03 and a fifty-two week high of $29.15. The stock’s 50 day simple moving average is $27.63 and its two-hundred day simple moving average is $25.73. The company has a debt-to-equity ratio of 1.86, a quick ratio of 8.53 and a current ratio of 8.53. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 28.57 and a beta of 1.30.

American Assets Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.335 per share. The ex-dividend date was Thursday, December 5th. This represents a $1.34 annualized dividend and a dividend yield of 5.15%. American Assets Trust’s dividend payout ratio is presently 147.25%.

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.