In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), American Assets Trust Inc. (NYSE:AAT) reported that American Assets Trust, Inc. has picked up 5,884,845 of common stock as of 2017-06-20.
The acquisition brings the aggregate amount owned by American Assets Trust, Inc. to a total of 5,884,845 representing a 11.3% stake in the company.
For those not familiar with the company, 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. The Company operates in four business segments: retail, office, multifamily and mixed-use. As of December 31, 2016, the Company’s portfolio consisted of 11 retail shopping centers; seven office properties; a mixed-use property consisting of a 369-room all-suite hotel and a retail shopping center, and five multifamily properties. Additionally, as of December 31, 2016, the Company owned land at four of its properties that it classified as held for development and construction in progress. The Company’s markets include San Diego, the San Francisco Bay Area, Portland, Oregon, Bellevue, Washington and Oahu, Hawaii.
A glance at American Assets Trust Inc. (NYSE:AAT)’s key stats reveals a current market capitalization of $1.84 Billion based on $47.11 Million shares outstanding and a price at last close of $39.41 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-06-14, Rady picked up 17,998 at a purchase price of $40.76. This brings their total holding to 775,264 as of the date of the filing.
On the sell side, the most recent transaction saw Gammieri unload 2,650 shares at a sale price of $37.80. This brings their total holding to 27,086.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an American Assets Trust Inc. (NYSE:AAT) as things move forward to see if its progress aligns with these transactions.
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