Ernest S. Rady Buys 2,194 Shares of American Assets Trust, Inc. (NYSE:AAT) Stock
American Assets Trust, Inc. (NYSE:AAT) CEO Ernest S. Rady purchased 2,194 shares of the company’s stock in a transaction on Friday, November 20th. The shares were purchased at an average cost of $28.77 per share, for a total transaction of $63,121.38.
Shares of AAT opened at $28.54 on Friday. The firm has a market capitalization of $1.72 billion, a PE ratio of 45.30, a PEG ratio of 4.84 and a beta of 0.97. The company’s 50-day moving average is $24.41 and its 200-day moving average is $26.14. American Assets Trust, Inc. has a fifty-two week low of $20.15 and a fifty-two week high of $48.15. The company has a debt-to-equity ratio of 1.12, a current ratio of 3.30 and a quick ratio of 3.30.
American Assets Trust (NYSE:AAT) last issued its quarterly earnings data on Sunday, November 1st. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.08). American Assets Trust had a net margin of 10.38% and a return on equity of 2.94%. Analysts predict that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.
Several analysts have issued reports on AAT shares. Zacks Investment Research lowered shares of American Assets Trust from a “hold” rating to a “sell” rating in a research report on Sunday, November 8th. ValuEngine lowered shares of American Assets Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 4th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $39.50.
Several hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. grew its holdings in American Assets Trust by 32.9% during the 1st quarter. Marshall Wace North America L.P. now owns 1,211 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 300 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in American Assets Trust by 23.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,361 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 455 shares in the last quarter. ProShare Advisors LLC purchased a new position in American Assets Trust during the 2nd quarter valued at about $213,000. NJ State Employees Deferred Compensation Plan purchased a new position in American Assets Trust during the 2nd quarter valued at about $220,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in American Assets Trust during the 3rd quarter valued at about $207,000. Institutional investors and hedge funds own 84.67% 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, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Oregon, Washington, Texas and Hawaii.
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