American Assets Trust, Inc. (NYSE: AAT – Get a rating) CEO Ernest S. Rady purchased 20,000 shares of the company in a transaction that took place on Thursday, September 8. The shares were purchased at an average cost of $27.96 per share, with a total value of $559,200.00. Following the completion of the purchase, the CEO now owns 6,872,855 shares of the company, valued at approximately $192,165,025.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, accessible via this link.
American Assets Trust trades up 0.3%
Shares of NYSE AAT were up $0.08 at midday Friday, hitting $28.05. The company’s shares had a trading volume of 136,770 shares, compared to an average volume of 255,563. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt ratio of 1, 38. The company’s 50-day moving average is $29.34 and its two-hundred-day moving average is $32.70. American Assets Trust, Inc. has a 12-month low of $26.98 and a 12-month high of $40.83. The company has a market capitalization of $1.70 billion, a P/E ratio of 41.75, a price-to-earnings growth ratio of 1.54 and a beta of 1.11.
American Assets Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 22. Shareholders of record on Thursday, September 8 will receive a dividend of $0.32. The ex-dividend date is Wednesday, September 7. This represents an annualized dividend of $1.28 and a dividend yield of 4.56%. American Assets Trust’s payout ratio is 191.04%.
Analysts set new price targets
A number of equity research analysts have published reports on AAT shares. KeyCorp restated a “sector weighting” rating on American Assets Trust stocks in a Thursday, July 14, research report. TheStreet downgraded American Assets Trust from a “b-” rating to a “c+” rating in a Thursday, June 16 research report. Finally, Morgan Stanley raised its price target on American Assets Trust from $25.50 to $28.00 and gave the company an “equal weight” rating in a Monday, August 29 research report. Four research analysts have rated the stock with a holding rating. According to data from MarketBeat.com, the company has an average “holding” rating and an average price target of $32.50.
Institutional investors weigh in on American Assets Trust
Several hedge funds and other institutional investors have recently changed their AAT holdings. CWM LLC increased its holdings of American Assets Trust shares by 210.2% in the first quarter. CWM LLC now owns 698 shares of the real estate investment trust worth $26,000 after purchasing an additional 473 shares during the period. Ellevest Inc. increased its stake in American Assets Trust shares to 97.6% in the first quarter. Ellevest Inc. now owns 727 shares of the real estate investment trust worth $28,000 after purchasing an additional 359 shares during the period. Point72 Hong Kong Ltd bought a new equity stake in American Assets Trust in the second quarter worth around $42,000. Lazard Asset Management LLC increased its holdings of American Assets Trust shares by 207.6% in the second quarter. Lazard Asset Management LLC now owns 1,452 shares of the real estate investment trust worth $43,000 after purchasing an additional 980 shares during the period. Finally, US Bancorp DE increased its holdings of American Assets Trust shares by 117.4% in the second quarter. US Bancorp DE now owns 2,024 shares of the real estate investment trust worth $60,000 after purchasing an additional 1,093 shares during the period. 94.96% of the shares are currently held by hedge funds and other institutional investors.
About American Assets Trust
American Assets Trust, Inc is a full-service, vertically integrated, self-administered real estate investment trust or REIT, headquartered in San Diego, California. The company has more than 50 years of experience acquiring, improving, developing and managing prime office, retail and residential properties across the United States in some of the world’s toughest markets. most dynamic and the most barrier to entry in the country, mainly in southern California, northern California, Oregon, Washington, Texas and Hawaii.
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