American Assets Trust, Inc. (NYSE:AAT) CEO Ernest S. Rady acquired 17,170 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was purchased at an average price of $40.32 per share, with a total value of $692,294.40. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of American Assets Trust, Inc. (NYSE AAT) traded up 0.955% on Thursday, hitting $40.695. 124,923 shares of the company’s stock were exchanged. American Assets Trust, Inc. has a 12-month low of $37.54 and a 12-month high of $45.50. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 61.847 and a beta of 0.52. The company’s 50-day moving average price is $40.04 and its 200 day moving average price is $41.17.

American Assets Trust (NYSE:AAT) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.01. The firm had revenue of $77.11 million during the quarter. American Assets Trust had a net margin of 10.93% and a return on equity of 3.94%. On average, equities analysts predict that American Assets Trust, Inc. will post $0.63 earnings per share for the current fiscal year.

The company also recently announced 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 annualized dividend 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 157.58%.

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A number of brokerages have weighed in on AAT. Zacks Investment Research upgraded shares of 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. BidaskClub downgraded shares of American Assets Trust from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Finally, TheStreet downgraded shares of American Assets Trust from a “b-” rating to a “c+” rating in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $46.33.

Several hedge funds have recently modified their holdings of AAT. United Capital Financial Advisers LLC increased its stake in shares of American Assets Trust by 0.4% in the first quarter. United Capital Financial Advisers LLC now owns 8,469 shares of the real estate investment trust’s stock valued at $354,000 after buying an additional 31 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of American Assets Trust by 1.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 9,180 shares of the real estate investment trust’s stock valued at $384,000 after buying an additional 90 shares during the last quarter. Pinebridge Investments L.P. increased its stake in shares of American Assets Trust by 2.5% in the second quarter. Pinebridge Investments L.P. now owns 5,462 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 132 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of American Assets Trust by 0.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,211 shares of the real estate investment trust’s stock valued at $2,352,000 after buying an additional 274 shares during the last quarter. Finally, Elkfork Partners LLC increased its stake in shares of 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. 97.83% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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