American Assets Trust, Inc. (AAT) CEO Purchases $1,860,320.00 in Stock
American Assets Trust, Inc. (NYSE:AAT) CEO Ernest S. Rady acquired 46,508 shares of American Assets Trust stock in a transaction on Friday, August 11th. The stock was acquired at an average cost of $40.00 per share, for a total transaction of $1,860,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
American Assets Trust, Inc. (AAT) opened at 39.77 on Monday. The company has a market capitalization of $1.87 billion, a PE ratio of 60.44 and a beta of 0.52. The firm has a 50-day moving average of $39.88 and a 200-day moving average of $41.35. American Assets Trust, Inc. has a 52 week low of $37.54 and a 52 week high of $46.02.
American Assets Trust (NYSE:AAT) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by $0.01. The business had revenue of $77.11 million during the quarter. American Assets Trust had a return on equity of 3.94% and a net margin of 10.93%. Equities analysts expect that American Assets Trust, Inc. will post $0.77 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.62%. American Assets Trust’s payout ratio is 157.58%.
TRADEMARK VIOLATION NOTICE: “American Assets Trust, Inc. (AAT) CEO Purchases $1,860,320.00 in Stock” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://www.thecerbatgem.com/2017/08/14/american-assets-trust-inc-aat-ceo-purchases-1860320-00-in-stock.html.
A number of equities analysts have issued reports on AAT shares. BidaskClub cut shares of American Assets Trust from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. TheStreet cut shares of American Assets Trust from a “b-” rating to a “c+” rating in a research note on Wednesday, July 26th. Finally, Zacks Investment Research raised shares of American Assets Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $46.00.
Several institutional investors have recently bought and sold shares of the company. Perigon Wealth Management LLC acquired a new position in American Assets Trust during the first quarter valued at $105,000. LS Investment Advisors LLC increased its position in American Assets Trust by 75.0% in the first quarter. LS Investment Advisors LLC now owns 2,531 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 1,085 shares during the last quarter. Advisor Group Inc. increased its position in American Assets Trust by 19.7% in the second quarter. Advisor Group Inc. now owns 2,663 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 439 shares during the last quarter. Elkfork Partners LLC increased its position in American Assets Trust by 10.8% in the first quarter. Elkfork Partners LLC now owns 2,884 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 280 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in American Assets Trust by 39.1% in the first quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.
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 Southern California, Northern California, Oregon, Washington, Texas and Hawaii markets.
Receive News & Stock Ratings for American Assets Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Assets Trust Inc. and related stocks with our FREE daily email newsletter.