American Assets Trust, Inc. (NYSE:AAT) CEO Ernest S. Rady purchased 39,056 shares of the stock in a transaction dated Monday, May 15th. The shares were purchased at an average cost of $39.40 per share, for a total transaction of $1,538,806.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of American Assets Trust, Inc. (NYSE:AAT) traded down 2.01% during trading on Friday, reaching $40.06. The company had a trading volume of 380,358 shares. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 56.50 and a beta of 0.55. The company’s 50 day moving average is $40.19 and its 200-day moving average is $42.06. American Assets Trust, Inc. has a 1-year low of $37.54 and a 1-year high of $46.38.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, June 15th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.60%. American Assets Trust’s dividend payout ratio is presently 146.48%.

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AAT has been the topic of several research analyst reports. Zacks Investment Research cut American Assets Trust from a “hold” rating to a “sell” rating in a report on Thursday, February 16th. Mizuho cut American Assets Trust from a “buy” rating to a “neutral” rating and set a $44.00 price target on the stock. in a report on Wednesday, February 22nd. Canaccord Genuity increased their price target on American Assets Trust from $48.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, April 12th. Finally, BidaskClub raised American Assets Trust from a “strong sell” rating to a “sell” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $48.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in American Assets Trust by 0.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,937 shares of the real estate investment trust’s stock worth $2,427,000 after buying an additional 157 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in American Assets Trust by 0.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 24,800 shares of the real estate investment trust’s stock worth $1,076,000 after buying an additional 150 shares in the last quarter. Principal Financial Group Inc. increased its position in American Assets Trust by 5.5% in the third quarter. Principal Financial Group Inc. now owns 299,719 shares of the real estate investment trust’s stock worth $13,002,000 after buying an additional 15,509 shares in the last quarter. Northern Trust Corp increased its position in American Assets Trust by 0.3% in the third quarter. Northern Trust Corp now owns 916,327 shares of the real estate investment trust’s stock worth $39,750,000 after buying an additional 2,865 shares in the last quarter. Finally, BB&T Securities LLC increased its position in American Assets Trust by 9.0% in the third quarter. BB&T Securities LLC now owns 6,589 shares of the real estate investment trust’s stock worth $285,000 after buying an additional 543 shares in the last quarter. Institutional investors own 98.80% of the company’s stock.

About American Assets Trust

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 Southern California, Northern California, Oregon, Washington, Texas and Hawaii markets.

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