American Assets Trust (AAT) CEO Purchases $1,659,913.80 in Stock

American Assets Trust (NYSE:AAT) CEO Ernest S. Rady acquired 47,562 shares of American Assets Trust stock in a transaction that occurred on Wednesday, May 9th. The shares were purchased at an average price of $34.90 per share, with a total value of $1,659,913.80. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of AAT opened at $34.56 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 2.17 and a quick ratio of 2.17. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 3.19 and a beta of 0.40. American Assets Trust has a 52 week low of $34.30 and a 52 week high of $34.83.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings results on Tuesday, May 1st. The real estate investment trust reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.16). The company had revenue of $80.73 million during the quarter. American Assets Trust had a return on equity of 2.52% and a net margin of 6.60%. research analysts anticipate that American Assets Trust will post 2.05 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Thursday, June 14th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, June 13th. American Assets Trust’s payout ratio is 56.25%.

A number of research firms recently commented on AAT. Bank of America cut American Assets Trust from a “neutral” rating to an “underperform” rating and set a $35.00 price objective for the company. in a research report on Thursday, March 1st. Zacks Investment Research upgraded American Assets Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Mizuho upgraded American Assets Trust from a “neutral” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Thursday, February 22nd. Royal Bank of Canada set a $44.00 price objective on American Assets Trust and gave the company a “buy” rating in a research report on Saturday, February 17th. Finally, ValuEngine cut American Assets Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. American Assets Trust presently has a consensus rating of “Hold” and an average target price of $41.00.

A number of institutional investors and hedge funds have recently modified their holdings of the business. California Public Employees Retirement System increased its position in American Assets Trust by 2.0% in the third quarter. California Public Employees Retirement System now owns 65,506 shares of the real estate investment trust’s stock worth $2,605,000 after buying an additional 1,306 shares in the last quarter. Meadow Creek Investment Management LLC increased its position in American Assets Trust by 24.8% in the fourth quarter. Meadow Creek Investment Management LLC now owns 8,738 shares of the real estate investment trust’s stock worth $334,000 after buying an additional 1,734 shares in the last quarter. Strs Ohio increased its position in American Assets Trust by 2.8% in the fourth quarter. Strs Ohio now owns 64,067 shares of the real estate investment trust’s stock worth $2,449,000 after buying an additional 1,742 shares in the last quarter. Bank of New York Mellon Corp increased its position in American Assets Trust by 0.3% in the fourth quarter. Bank of New York Mellon Corp now owns 634,828 shares of the real estate investment trust’s stock worth $24,276,000 after buying an additional 1,761 shares in the last quarter. Finally, Citigroup Inc. increased its position in American Assets Trust by 5.7% in the first quarter. Citigroup Inc. now owns 33,370 shares of the real estate investment trust’s stock worth $1,115,000 after buying an additional 1,813 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

American Assets Trust Company Profile

American Assets Trust, Inc (the ?company?) 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 retail, office 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.

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

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