American Assets Trust, Inc. (NYSE:AAT) CEO Ernest S. Rady purchased 27,673 shares of the stock in a transaction on Wednesday, December 6th. The stock was acquired at an average price of $38.73 per share, with a total value of $1,071,775.29. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

American Assets Trust, Inc. (NYSE:AAT) traded down $0.79 during midday trading on Wednesday, hitting $38.75. The stock had a trading volume of 199,500 shares, compared to its average volume of 245,177. The firm has a market cap of $1,863.43, a price-to-earnings ratio of 20.49, a P/E/G ratio of 3.46 and a beta of 0.51. American Assets Trust, Inc. has a fifty-two week low of $36.79 and a fifty-two week high of $44.83. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.56.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be paid a $0.27 dividend. This is a positive change from American Assets Trust’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Wednesday, December 6th. American Assets Trust’s payout ratio is currently 157.58%.

Several equities analysts have recently weighed in on the company. BidaskClub raised American Assets Trust from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Zacks Investment Research lowered American Assets Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Mizuho reaffirmed a “hold” rating and issued a $40.00 price objective on shares of American Assets Trust in a research note on Friday, November 10th. Finally, Bank of America lowered American Assets Trust from a “buy” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $44.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in American Assets Trust by 6.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 486,671 shares of the real estate investment trust’s stock worth $20,362,000 after acquiring an additional 30,115 shares in the last quarter. Russell Investments Group Ltd. lifted its position in American Assets Trust by 45.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 41,363 shares of the real estate investment trust’s stock worth $1,629,000 after acquiring an additional 12,872 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in American Assets Trust by 6.8% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,800 shares of the real estate investment trust’s stock worth $386,000 after acquiring an additional 620 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in American Assets Trust by 4.6% during the 2nd quarter. Great West Life Assurance Co. Can now owns 80,444 shares of the real estate investment trust’s stock worth $3,165,000 after acquiring an additional 3,558 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in American Assets Trust by 15.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,700 shares of the real estate investment trust’s stock worth $146,000 after acquiring an additional 500 shares in the last quarter. 96.80% of the stock is currently owned by institutional investors and hedge funds.

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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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