American Assets Trust, Inc. (NYSE:AAT) CEO Ernest S. Rady acquired 46,834 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was purchased at an average cost of $40.79 per share, with a total value of $1,910,358.86. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

American Assets Trust, Inc. (NYSE AAT) traded down 0.07% during trading on Friday, reaching $40.72. The company had a trading volume of 166,977 shares. American Assets Trust, Inc. has a 52 week low of $37.54 and a 52 week high of $44.83. The firm has a market capitalization of $1.92 billion, a P/E ratio of 61.88 and a beta of 0.51. The stock has a 50 day moving average price of $40.34 and a 200 day moving average price of $41.00.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by $0.01. The company 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 predict that American Assets Trust, Inc. will post $0.63 earnings per share for the current year.

The business 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 is currently 157.58%.

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Several brokerages recently commented on AAT. 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 report on Thursday, August 24th. BidaskClub lowered American Assets Trust from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Finally, TheStreet downgraded American Assets Trust from a “b-” rating to a “c+” rating in a research report on Wednesday, July 26th. One equities 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 company’s stock. American Assets Trust currently has a consensus rating of “Hold” and an average target price of $46.33.

A number of institutional investors and hedge funds have recently made changes to their positions in AAT. Louisiana State Employees Retirement System grew its position in American Assets Trust by 3.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 16,600 shares of the real estate investment trust’s stock worth $695,000 after purchasing an additional 500 shares during the period. Russell Investments Group Ltd. grew its position in American Assets Trust by 30.9% during the 1st quarter. Russell Investments Group Ltd. now owns 28,491 shares of the real estate investment trust’s stock worth $1,192,000 after purchasing an additional 6,728 shares during the period. Wells Fargo & Company MN grew its position in American Assets Trust by 15.2% during the 1st quarter. Wells Fargo & Company MN now owns 283,393 shares of the real estate investment trust’s stock worth $11,858,000 after purchasing an additional 37,482 shares during the period. Great West Life Assurance Co. Can grew its position in American Assets Trust by 45.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 76,886 shares of the real estate investment trust’s stock worth $3,213,000 after purchasing an additional 24,198 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in American Assets Trust by 2.2% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 40,626 shares of the real estate investment trust’s stock worth $1,700,000 after purchasing an additional 860 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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