American Assets Trust, Inc. (AAT) CEO Buys $592,822.20 in Stock
American Assets Trust, Inc. (NYSE:AAT) CEO Ernest S. Rady acquired 14,692 shares of American Assets Trust stock in a transaction dated Monday, August 28th. The stock was acquired at an average cost of $40.35 per share, with a total value of $592,822.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of American Assets Trust, Inc. (AAT) remained flat at $40.31 on Wednesday. 148,030 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $40.04 and a 200-day moving average price of $41.17. The company has a market cap of $1.90 billion, a P/E ratio of 61.26 and a beta of 0.52. American Assets Trust, Inc. has a 52-week low of $37.54 and a 52-week high of $45.50.
American Assets Trust (NYSE:AAT) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.01. American Assets Trust had a return on equity of 3.94% and a net margin of 10.93%. The firm had revenue of $77.11 million during the quarter. On average, equities research analysts anticipate that American Assets Trust, Inc. will post $0.63 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Wednesday, September 13th. American Assets Trust’s payout ratio is currently 157.58%.
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Several institutional investors have recently bought and sold shares of AAT. Perigon Wealth Management LLC bought a new position in American Assets Trust during the first quarter worth approximately $105,000. Advisor Group Inc. raised 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 worth $105,000 after buying an additional 439 shares during the last quarter. LS Investment Advisors LLC raised 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 worth $106,000 after buying an additional 1,085 shares during the last quarter. Elkfork Partners LLC raised 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 worth $121,000 after buying an additional 280 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its position in American Assets Trust by 83.2% in the second quarter. Riverhead Capital Management LLC now owns 3,298 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 1,498 shares during the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.
AAT has been the subject of several research reports. Zacks Investment Research raised American Assets Trust from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Thursday, August 24th. TheStreet cut American Assets Trust from a “b-” rating to a “c+” rating in a research report on Wednesday, July 26th. Finally, BidaskClub raised American Assets Trust from a “strong sell” rating to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $46.33.
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.
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