American Assets Trust, Inc. (NYSE:AAT) CEO Ernest S. Rady buys 87,324 shares

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American Assets Trust, Inc. (NYSE: AAT – Get a rating) CEO Ernest S. Rady acquired 87,324 shares in a trade dated Thursday, September 15. The shares were purchased at an average cost of $26.99 per share, with a total value of $2,356,874.76. Following the completion of the purchase, the CEO now owns 6,942,855 shares of the company, valued at approximately $187,387,656.45. The purchase was disclosed in a legal filing with the SEC, accessible via this hyperlink.

American Assets Trust shares up 1.5%

NYSE:AAT shares traded at $0.41 during Friday trading, hitting $27.41. 510,510 shares of the stock traded in hands, compared to its average volume of 257,522. The stock has a market capitalization of $1.66 billion, a P/E ratio of 40.30, a price-to-growth ratio earnings of 1.51 and a beta of 1.11. The stock has a 50-day moving average of $29.08 and a 200-day moving average of $32.40. American Assets Trust, Inc. has a 52-week low of $26.49 and a 52-week high of $40.83. The company has a debt ratio of 1.38, a quick ratio of 2.34 and a current ratio of 2.34.

American Assets Trust announces dividend

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 yield of 4.67%. American Assets Trust’s payout ratio is currently 191.04%.

A Wall Street analyst gives his opinion

A number of stock analysts have recently released reports on the stock. KeyCorp reissued a “sector weighting” rating on American Assets Trust stocks in a research note on Thursday, July 14. Morgan Stanley raised its price target on American Assets Trust shares from $25.50 to $28.00 and gave the stock an “equal weight” rating in a Monday, August 29 research note. Finally, TheStreet upgraded American Assets Trust shares from a “b-” to a “c+” rating in a Thursday, June 16 report. Four investment analysts gave the stock a holding rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.50.

Institutional entries and exits

Several institutional investors have recently increased or reduced their stake in AAT. CWM LLC increased its position in American Assets Trust by 210.2% in the first quarter. CWM LLC now owns 698 shares of the real estate investment trust worth $26,000 after acquiring an additional 473 shares during the period. Ellevest Inc. increased its position in American Assets Trust shares by 97.6% during the 1st 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 during Q2 for $42,000. Lazard Asset Management LLC increased its position in American Assets Trust shares by 207.6% during the second quarter. Lazard Asset Management LLC now owns 1,452 shares of the real estate investment trust valued at $43,000 after purchasing an additional 980 shares during the period. Finally, US Bancorp DE increased its position in American Assets Trust shares by 117.4% during 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 institutional investors.

About American Assets Trust

(Get a rating)

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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Insider buying and selling by quarter for American Assets Trust (NYSE:AAT)

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