American Assets Trust, Inc (AAT) CEO Purchases $1,323,014.65 in Stock

American Assets Trust, Inc (NYSE:AAT) CEO Ernest S. Rady bought 33,967 shares of the firm’s stock in a transaction on Thursday, November 15th. The stock was purchased at an average price of $38.95 per share, with a total value of $1,323,014.65. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of American Assets Trust stock traded down $0.53 on Thursday, hitting $38.76. The company had a trading volume of 227,099 shares, compared to its average volume of 258,995. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.10 and a quick ratio of 2.10. The stock has a market capitalization of $1.85 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 3.51 and a beta of 0.19. American Assets Trust, Inc has a 52 week low of $30.62 and a 52 week high of $39.99.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.28). The company had revenue of $82.51 million during the quarter, compared to the consensus estimate of $79.33 million. American Assets Trust had a net margin of 6.09% and a return on equity of 2.43%. On average, analysts forecast that American Assets Trust, Inc will post 2.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Thursday, December 13th will be issued a $0.28 dividend. The ex-dividend date is Wednesday, December 12th. This is a boost from American Assets Trust’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 2.89%. American Assets Trust’s dividend payout ratio (DPR) is 56.25%.

Several research analysts have commented on the stock. ValuEngine upgraded shares of American Assets Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Mizuho restated a “buy” rating and issued a $43.00 target price on shares of American Assets Trust in a research report on Wednesday, November 7th. Finally, Zacks Investment Research cut shares of American Assets Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $41.00.

Several institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in shares of American Assets Trust by 52.1% in the third quarter. AQR Capital Management LLC now owns 32,350 shares of the real estate investment trust’s stock valued at $1,206,000 after acquiring an additional 11,084 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of American Assets Trust by 35.2% in the third quarter. Macquarie Group Ltd. now owns 17,300 shares of the real estate investment trust’s stock valued at $645,000 after acquiring an additional 4,500 shares in the last quarter. MetLife Investment Advisors LLC boosted its holdings in shares of American Assets Trust by 40.2% in the third quarter. MetLife Investment Advisors LLC now owns 26,901 shares of the real estate investment trust’s stock valued at $1,003,000 after acquiring an additional 7,714 shares in the last quarter. Man Group plc boosted its holdings in shares of American Assets Trust by 43.2% in the third quarter. Man Group plc now owns 818,670 shares of the real estate investment trust’s stock valued at $30,528,000 after acquiring an additional 246,856 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of American Assets Trust by 26.3% in the third quarter. The Manufacturers Life Insurance Company now owns 311,099 shares of the real estate investment trust’s stock valued at $11,601,000 after acquiring an additional 64,813 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

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About American Assets Trust

American Assets Trust, Inc (the “company”) 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 retail, office 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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Insider Buying and Selling by Quarter for American Assets Trust (NYSE:AAT)

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