American Assets Trust, Inc. (NYSE:AAT) CEO Acquires $329,100.00 in Stock

American Assets Trust, Inc. (NYSE:AATGet Rating) CEO Ernest S. Rady bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The shares were purchased at an average price of $32.91 per share, with a total value of $329,100.00. Following the acquisition, the chief executive officer now directly owns 2,046,619 shares in the company, valued at approximately $67,354,231.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NYSE:AAT opened at $31.92 on Thursday. The company has a quick ratio of 3.56, a current ratio of 2.43 and a debt-to-equity ratio of 1.37. American Assets Trust, Inc. has a 52-week low of $31.76 and a 52-week high of $40.83. The company has a 50 day moving average of $36.33 and a two-hundred day moving average of $36.70. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 49.88, a price-to-earnings-growth ratio of 2.19 and a beta of 1.13.

American Assets Trust (NYSE:AATGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). American Assets Trust had a net margin of 9.57% and a return on equity of 3.10%. During the same quarter last year, the company posted $0.38 earnings per share. On average, equities analysts anticipate that American Assets Trust, Inc. will post 2.16 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 23rd. Stockholders of record on Thursday, June 9th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Wednesday, June 8th. American Assets Trust’s payout ratio is currently 200.00%.

Hedge funds have recently added to or reduced their stakes in the company. CWM LLC grew its position in shares of American Assets Trust by 210.2% during the first quarter. CWM LLC now owns 698 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 473 shares in the last quarter. Ellevest Inc. grew its position in shares of American Assets Trust by 97.6% during the first quarter. Ellevest Inc. now owns 727 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 359 shares in the last quarter. Marshall Wace North America L.P. grew its position in shares of American Assets Trust by 32.9% during the first quarter. Marshall Wace North America L.P. now owns 1,211 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 300 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of American Assets Trust by 68.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,726 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 700 shares in the last quarter. Finally, US Asset Management LLC bought a new position in American Assets Trust during the first quarter worth $69,000. 94.83% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on AAT. StockNews.com began coverage on American Assets Trust in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research upgraded American Assets Trust from a “sell” rating to a “hold” rating in a report on Wednesday, March 23rd. Morgan Stanley decreased their target price on American Assets Trust from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Monday, March 21st. Mizuho decreased their target price on American Assets Trust from $40.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, February 15th. Finally, TheStreet upgraded American Assets Trust from a “c” rating to a “b-” rating in a report on Monday, March 21st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.25.

About American Assets Trust (Get Rating)

American Assets Trust, Inc 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 office, retail, 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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