Ernest S. Rady Purchases 87,324 Shares of American Assets Trust, Inc. (NYSE:AAT) Stock

American Assets Trust, Inc. (NYSE:AATGet Rating) CEO Ernest S. Rady purchased 87,324 shares of the firm’s stock in a transaction on Thursday, September 15th. The shares were purchased at an average cost of $26.99 per share, for a total transaction of $2,356,874.76. Following the completion of the purchase, the chief executive officer now directly owns 6,942,855 shares in the company, valued at $187,387,656.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

American Assets Trust Price Performance

AAT opened at $27.41 on Friday. The company’s 50 day simple moving average is $29.04 and its 200 day simple moving average is $32.31. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.34 and a current ratio of 2.34. American Assets Trust, Inc. has a 1 year low of $26.49 and a 1 year high of $40.83. The stock has a market capitalization of $1.66 billion, a PE ratio of 40.91, a P/E/G ratio of 1.51 and a beta of 1.11.

American Assets Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Thursday, September 8th will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $1.28 annualized dividend and a dividend yield of 4.67%. American Assets Trust’s dividend payout ratio is presently 191.04%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. CWM LLC raised its holdings in American Assets Trust by 210.2% in the first quarter. CWM LLC now owns 698 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 473 shares during the period. Ellevest Inc. raised its holdings in American Assets Trust by 97.6% in the first quarter. Ellevest Inc. now owns 727 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 359 shares during the period. Point72 Hong Kong Ltd purchased a new position in American Assets Trust in the second quarter valued at approximately $42,000. Lazard Asset Management LLC raised its holdings in American Assets Trust by 207.6% in the second quarter. Lazard Asset Management LLC now owns 1,452 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 980 shares during the period. Finally, US Asset Management LLC purchased a new position in American Assets Trust in the first quarter valued at approximately $69,000. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Wall Street Analyst Weigh In

AAT has been the topic of several analyst reports. TheStreet cut shares of American Assets Trust from a “b-” rating to a “c+” rating in a research note on Thursday, June 16th. Morgan Stanley raised their target price on shares of American Assets Trust from $25.50 to $28.00 and gave the stock an “equal weight” rating in a research report on Monday, August 29th. Finally, KeyCorp reissued a “sector weight” rating on shares of American Assets Trust in a research report on Thursday, July 14th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $32.50.

American Assets Trust Company Profile

(Get Rating)

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.

Further Reading

Insider Buying and Selling by Quarter for American Assets Trust (NYSE:AAT)

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