American Assets Trust, Inc (AAT) CEO Acquires $434,972.16 in Stock

American Assets Trust, Inc (NYSE:AAT) CEO Ernest S. Rady purchased 11,718 shares of the business’s stock in a transaction on Wednesday, June 13th. The shares were acquired at an average price of $37.12 per share, with a total value of $434,972.16. The purchase was disclosed in a filing with the SEC, which is available at this link.

American Assets Trust opened at $37.44 on Friday, Marketbeat Ratings reports. American Assets Trust, Inc has a 1 year low of $30.62 and a 1 year high of $41.69. 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 company has a market capitalization of $1.76 billion, a PE ratio of 19.50, a PEG ratio of 3.52 and a beta of 0.43.

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



The company also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Thursday, June 14th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Wednesday, June 13th. American Assets Trust’s dividend payout ratio (DPR) is currently 56.25%.

Large investors have recently bought and sold shares of the company. AMP Capital Investors Ltd raised its stake in shares of American Assets Trust by 11.9% in the fourth quarter. AMP Capital Investors Ltd now owns 60,156 shares of the real estate investment trust’s stock valued at $2,301,000 after acquiring an additional 6,416 shares during the last quarter. Deutsche Bank AG raised its stake in shares of American Assets Trust by 288.0% in the fourth quarter. Deutsche Bank AG now owns 160,283 shares of the real estate investment trust’s stock valued at $6,127,000 after acquiring an additional 118,968 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of American Assets Trust by 6.2% in the fourth quarter. Wells Fargo & Company MN now owns 372,504 shares of the real estate investment trust’s stock valued at $14,245,000 after acquiring an additional 21,903 shares during the last quarter. Virginia Retirement Systems ET AL bought a new position in shares of American Assets Trust in the first quarter valued at approximately $401,000. Finally, Koch Industries Inc. bought a new position in shares of American Assets Trust in the fourth quarter valued at approximately $206,000. Institutional investors own 94.24% of the company’s stock.

A number of research analysts have commented on the stock. Morgan Stanley raised their price target on shares of American Assets Trust from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday. ValuEngine cut shares of American Assets Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded shares of American Assets Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, March 14th. Royal Bank of Canada set a $44.00 price target on shares of American Assets Trust and gave the stock a “buy” rating in a research note on Saturday, February 17th. Finally, Mizuho upgraded shares of American Assets Trust from a “neutral” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Thursday, February 22nd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $41.60.

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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