American Assets Trust, Inc. (NYSE:AAT) CEO Ernest S. Rady bought 21,553 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was purchased at an average price of $40.83 per share, for a total transaction of $880,008.99. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

American Assets Trust, Inc. (NYSE:AAT) traded down 0.07% during midday trading on Friday, reaching $40.72. The company’s stock had a trading volume of 166,977 shares. The stock’s 50 day moving average is $40.34 and its 200 day moving average is $41.00. The stock has a market cap of $1.92 billion, a P/E ratio of 61.88 and a beta of 0.51. American Assets Trust, Inc. has a 12-month low of $37.54 and a 12-month high of $44.83.

American Assets Trust (NYSE:AAT) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 EPS for the quarter, missing the consensus estimate of $0.50 by $0.01. The firm had revenue of $77.11 million for the quarter. American Assets Trust had a return on equity of 3.94% and a net margin of 10.93%. Analysts anticipate that American Assets Trust, Inc. will post $0.63 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Wednesday, September 13th. American Assets Trust’s dividend payout ratio (DPR) is 157.58%.

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AAT has been the topic of a number of recent research reports. Zacks Investment Research upgraded American Assets Trust from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Thursday, August 31st. TheStreet lowered American Assets Trust from a “b-” rating to a “c+” rating in a research report on Wednesday, July 26th. Finally, BidaskClub upgraded American Assets Trust from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $46.33.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Perigon Wealth Management LLC acquired a new position in American Assets Trust during the first quarter worth approximately $105,000. LS Investment Advisors LLC increased its position in American Assets Trust by 75.0% during 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 period. Advisor Group Inc. increased its position in American Assets Trust by 19.7% during 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 period. Elkfork Partners LLC increased its position in American Assets Trust by 10.8% during 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 period. Finally, Daiwa Securities Group Inc. increased its position in American Assets Trust by 39.1% during the first quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 900 shares during the period. 97.83% of the stock is currently owned by institutional investors.

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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