American Assets Trust, Inc. (NYSE:AAT) CEO Ernest S. Rady purchased 8,063 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were purchased at an average price of $38.80 per share, for a total transaction of $312,844.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of American Assets Trust, Inc. (NYSE:AAT) traded up $0.36 during mid-day trading on Tuesday, hitting $38.85. The company’s stock had a trading volume of 240,500 shares, compared to its average volume of 244,043. American Assets Trust, Inc. has a one year low of $36.79 and a one year high of $44.83. The stock has a market cap of $1,813.95, a P/E ratio of 19.94, a P/E/G ratio of 3.37 and a beta of 0.51. 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 business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be paid a $0.27 dividend. This is an increase from American Assets Trust’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Wednesday, December 6th. American Assets Trust’s dividend payout ratio (DPR) is 163.64%.

A number of research analysts recently issued reports on the company. Mizuho restated a “hold” rating and set a $40.00 price target on shares of American Assets Trust in a research note on Friday, November 10th. Zacks Investment Research downgraded American Assets Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Bank of America downgraded American Assets Trust from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a research note on Thursday, November 2nd. Finally, BidaskClub upgraded American Assets Trust from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $44.00.

Several hedge funds have recently made changes to their positions in AAT. Russell Investments Group Ltd. grew its stake in shares of American Assets Trust by 45.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 41,363 shares of the real estate investment trust’s stock valued at $1,629,000 after purchasing an additional 12,872 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of American Assets Trust by 6.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,800 shares of the real estate investment trust’s stock valued at $386,000 after purchasing an additional 620 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of American Assets Trust by 4.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 80,444 shares of the real estate investment trust’s stock valued at $3,165,000 after buying an additional 3,558 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of American Assets Trust by 15.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 3,700 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 500 shares during the period. Finally, Texas Permanent School Fund lifted its holdings in shares of American Assets Trust by 2.3% in the 2nd quarter. Texas Permanent School Fund now owns 30,270 shares of the real estate investment trust’s stock valued at $1,192,000 after buying an additional 687 shares during the period. Institutional investors own 98.31% of the company’s stock.

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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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