American Assets Trust Inc. (NYSE:AAT) CEO Ernest S. Rady acquired 60,000 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The stock was acquired at an average price of $39.55 per share, for a total transaction of $2,373,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Ernest S. Rady also recently made the following trade(s):

  • On Monday, September 12th, Ernest S. Rady acquired 65,000 shares of American Assets Trust stock. The stock was acquired at an average price of $43.06 per share, for a total transaction of $2,798,900.00.

Shares of American Assets Trust Inc. (NYSE:AAT) opened at 40.03 on Monday. The firm has a 50-day moving average of $40.69 and a 200 day moving average of $42.21. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 57.10 and a beta of 0.57. American Assets Trust Inc. has a 12-month low of $34.07 and a 12-month high of $46.38.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Investors of record on Thursday, December 8th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, December 6th. This is a positive change from American Assets Trust’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 2.60%. American Assets Trust’s payout ratio is 140.85%.

Several equities analysts recently weighed in on the stock. Mizuho upgraded shares of American Assets Trust from a “neutral” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Monday, November 7th. Zacks Investment Research lowered shares of American Assets Trust from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. RBC Capital Markets reiterated an “outperform” rating and issued a $53.00 target price (up from $49.00) on shares of American Assets Trust in a report on Monday, August 1st. Finally, Royal Bank Of Canada increased their target price on shares of American Assets Trust from $49.00 to $53.00 and gave the stock an “outperform” rating in a report on Monday, August 1st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $48.80.

Large investors have recently made changes to their positions in the stock. Sanders Morris Harris Inc. raised its stake in shares of American Assets Trust by 16.9% in the second quarter. Sanders Morris Harris Inc. now owns 24,795 shares of the real estate investment trust’s stock valued at $1,053,000 after buying an additional 3,590 shares during the period. State of Alaska Department of Revenue raised its stake in shares of American Assets Trust by 36.1% in the second quarter. State of Alaska Department of Revenue now owns 26,820 shares of the real estate investment trust’s stock valued at $1,138,000 after buying an additional 7,120 shares during the period. Eagle Asset Management Inc. raised its stake in shares of American Assets Trust by 1.3% in the second quarter. Eagle Asset Management Inc. now owns 293,642 shares of the real estate investment trust’s stock valued at $12,462,000 after buying an additional 3,765 shares during the period. Capstone Asset Management Co. raised its stake in shares of American Assets Trust by 1.1% in the second quarter. Capstone Asset Management Co. now owns 12,466 shares of the real estate investment trust’s stock valued at $529,000 after buying an additional 130 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in shares of American Assets Trust by 109.2% in the second quarter. BNP Paribas Arbitrage SA now owns 12,271 shares of the real estate investment trust’s stock valued at $521,000 after buying an additional 6,405 shares during the period. 97.75% of the stock is currently owned by institutional investors.

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 high-barrier-to-entry markets in Southern California, Northern California, Oregon, Washington, Texas and Hawaii.

5 Day Chart for NYSE:AAT

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