Ernest S. Rady Purchases 259,583 Shares of American Assets Trust, Inc (AAT) Stock

American Assets Trust, Inc (NYSE:AAT) CEO Ernest S. Rady bought 259,583 shares of the company’s stock in a transaction dated Wednesday, March 14th. The shares were acquired at an average price of $32.95 per share, for a total transaction of $8,553,259.85. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of American Assets Trust, Inc (AAT) traded down $0.16 during trading on Thursday, reaching $32.90. 373,469 shares of the company were exchanged, compared to its average volume of 291,433. The company has a market cap of $1,564.36, a PE ratio of 52.95, a price-to-earnings-growth ratio of 3.07 and a beta of 0.49. American Assets Trust, Inc has a 52 week low of $30.62 and a 52 week high of $44.83. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.57.

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American Assets Trust (NYSE:AAT) last announced its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). The firm had revenue of $81.75 million during the quarter. American Assets Trust had a return on equity of 3.76% and a net margin of 10.16%. research analysts anticipate that American Assets Trust, Inc will post 2.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Wednesday, March 14th. American Assets Trust’s payout ratio is 174.19%.

AAT has been the topic of a number of research reports. Zacks Investment Research cut shares of American Assets Trust from a “hold” rating to a “sell” rating in a report on Friday, March 2nd. Royal Bank of Canada set a $44.00 target price on shares of American Assets Trust and gave the company a “buy” rating in a report on Saturday, February 17th. Mizuho upgraded shares of American Assets Trust from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Thursday, February 22nd. Finally, Bank of America cut shares of American Assets Trust from a “neutral” rating to an “underperform” rating and set a $35.00 target price on the stock. in a report on Thursday, March 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $43.60.

Institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its stake in American Assets Trust by 14.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 47,228 shares of the real estate investment trust’s stock worth $1,878,000 after purchasing an additional 5,865 shares in the last quarter. AMP Capital Investors Ltd boosted its stake in American Assets Trust by 208.1% in the 3rd quarter. AMP Capital Investors Ltd now owns 53,740 shares of the real estate investment trust’s stock worth $2,138,000 after purchasing an additional 36,300 shares in the last quarter. Wells Fargo & Company MN boosted its stake in American Assets Trust by 14.3% in the 3rd quarter. Wells Fargo & Company MN now owns 350,601 shares of the real estate investment trust’s stock worth $13,944,000 after purchasing an additional 43,993 shares in the last quarter. GSA Capital Partners LLP boosted its stake in American Assets Trust by 287.7% in the 3rd quarter. GSA Capital Partners LLP now owns 50,987 shares of the real estate investment trust’s stock worth $2,028,000 after purchasing an additional 37,837 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new position in American Assets Trust in the 4th quarter worth about $604,000. Institutional investors own 99.11% of the company’s stock.

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American Assets Trust Company Profile

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.

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

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