Insider Buying: American Assets Trust, Inc (AAT) CEO Purchases 3,955 Shares of Stock
American Assets Trust, Inc (NYSE:AAT) CEO Ernest S. Rady purchased 3,955 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were bought at an average price of $40.54 per share, for a total transaction of $160,335.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
American Assets Trust, Inc (NYSE:AAT) traded up 0.32% during mid-day trading on Friday, hitting $40.75. 159,101 shares of the stock traded hands. 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 PE ratio of 61.93 and a beta of 0.52. The company has a 50 day moving average of $40.23 and a 200-day moving average of $41.09.
American Assets Trust (NYSE:AAT) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $77.11 million during the quarter. American Assets Trust had a net margin of 9.84% and a return on equity of 2.64%. Equities research analysts forecast that American Assets Trust, Inc will post $0.63 earnings per share for the current 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 issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.55%. American Assets Trust’s payout ratio is 157.58%.
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A number of research analysts have issued reports on AAT shares. BidaskClub upgraded shares of American Assets Trust from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Zacks Investment Research upgraded shares of American Assets Trust from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Thursday. Finally, TheStreet lowered shares of American Assets Trust from a “b-” rating to a “c+” rating in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.33.
Several institutional investors have recently made changes to their positions in AAT. Perigon Wealth Management LLC acquired a new position in shares of American Assets Trust during the first quarter worth approximately $105,000. Advisor Group Inc. boosted its position in shares of 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 boosted its position in shares of 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 boosted its position 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 worth $121,000 after buying an additional 280 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its position in shares of 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 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.
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