A Guide To The Risks Of Investing In American Assets Trust Inc. (AAT)


American Assets Trust Inc.’s filing revealed that its Chairman & CEO RADY ERNEST S acquired Company’s shares for reported $1.88 million on May 12. In the deal valued at $18.76 per share,100,000 shares were bought. As a result of this transaction, RADY ERNEST S now holds 1,009,021 shares worth roughly $ 21.73 million.

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Then, RADY ERNEST S bought 47,540 shares, generating $895,654 in total proceeds. Upon buying the shares at $18.84, the Chairman & CEO now owns 909,021 shares.

Before that, RADY ERNEST S bought 42,140 shares. American Assets Trust Inc. shares valued at $793,918 were divested by the Chairman & CEO at a price of $18.84 per share. As a result of the transaction, RADY ERNEST S now holds 861,481 shares, worth roughly $18.56 million.

KeyBanc Capital Markets downgraded its American Assets Trust Inc. [AAT] rating to a Sector weight from a an Overweight in a research note published on Friday.

Price Performance Review of AAT

On Friday, American Assets Trust Inc. [NYSE:AAT] saw its stock jump 0.61% to $21.54. On the same session, the stock had its day’s lowest price of $21.41, but rose to a high of $21.735. Over the last five days, the stock has gained 3.61%. American Assets Trust Inc. shares have fallen nearly -18.72% since the year began. Nevertheless, the stocks have fallen -22.41% over the past one year. While a 52-week high of $29.73 was reached on 02/02/23, a 52-week low of $16.04 was recorded on 03/24/23. SMA at 50 days reached $21.12, while 200 days put it at $22.46. A total of 0.18 million shares were traded, compared to the trading of 0.28 million shares in the previous session.

Levels Of Support And Resistance For AAT Stock

The 24-hour chart illustrates a support level at 21.39, which if violated will result in even more drops to 21.24. On the upside, there is a resistance level at 21.71. A further resistance level may holdings at 21.89. The Relative Strength Index (RSI) on the 14-day chart is 53.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.72%. Stochastics %K at 67.61% indicates the stock is a holding.

How much short interest is there in American Assets Trust Inc.?

A steep rise in short interest was recorded in American Assets Trust Inc. stocks on Aug 14, 2023, dropping by 10000.0 shares to a total of 1.52 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.53 million shares. There was a decline of -0.66%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.28% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.19.

American Assets Trust Inc. [AAT] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 9,103,383 shares, or roughly 14.99% of the outstanding AAT shares. In other words, the investor’s shares have fallen by -107,857 from its previous 13-F filing of 9211240.0. Additionally, The Vanguard Group, Inc. decreased -2.31% of its stake after which the total value it holdings stand at $181,761,885, while SSgA Funds Management, Inc. reduced -0.40% of its stake to hold $72.52 million in the firm. Over the last quarter, LSV Asset Management purchased 228,566 shares of American Assets Trust Inc., while Geode Capital Management LLC bought 24,838 shares. At present, Adage Capital Management LP is holding 1,055,000 shares valued at $23.74 million. Charles Schwab Investment Managem owned 911,950 shares of the company at the time of its most recent 13F filing, worth $20.52 million.

According to FactSet, American Assets Trust Inc.’s share price will average $19.50 in the next year, based on opinions of analysts polled by the firm. This is down nearly -8.92 percent from its previous closing price of $21.41. Analysts expect American Assets Trust Inc. stock to reach the higher price of $22.00, while the lowest price estimate is $17.00. However, 2 analysts have rated AAT stock as an Underweight in their predictions for 2023.


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