Ernest S. Rady Acquires 10,000 Shares of American Assets Trust, Inc. (NYSE:AAT) Stock

American Assets Trust, Inc. (NYSE:AATGet Rating) CEO Ernest S. Rady purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The shares were bought at an average price of $29.40 per share, for a total transaction of $294,000.00. Following the completion of the transaction, the chief executive officer now owns 6,610,784 shares of the company’s stock, valued at $194,357,049.60. The acquisition was disclosed in a filing with the SEC, which is available at this link.

American Assets Trust Price Performance

AAT opened at $28.94 on Friday. The stock has a fifty day simple moving average of $30.37 and a two-hundred day simple moving average of $33.90. The company has a current ratio of 2.34, a quick ratio of 2.43 and a debt-to-equity ratio of 1.38. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 43.19, a price-to-earnings-growth ratio of 1.63 and a beta of 1.10. American Assets Trust, Inc. has a 12-month low of $28.38 and a 12-month high of $40.83.

American Assets Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Thursday, September 8th will be issued a $0.32 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $1.28 dividend on an annualized basis and a yield of 4.42%. American Assets Trust’s dividend payout ratio (DPR) is 191.04%.

Hedge Funds Weigh In On American Assets Trust

A number of institutional investors have recently added to or reduced their stakes in AAT. Russell Investments Group Ltd. bought a new position in shares of American Assets Trust during the fourth quarter valued at $226,000. Van ECK Associates Corp increased its holdings in shares of American Assets Trust by 66.9% during the fourth quarter. Van ECK Associates Corp now owns 3,887 shares of the real estate investment trust’s stock valued at $146,000 after acquiring an additional 1,558 shares in the last quarter. Brown Advisory Inc. bought a new position in shares of American Assets Trust during the fourth quarter valued at $315,000. Allspring Global Investments Holdings LLC bought a new position in shares of American Assets Trust during the fourth quarter valued at $1,038,000. Finally, Yousif Capital Management LLC bought a new position in shares of American Assets Trust during the fourth quarter valued at $1,796,000. Institutional investors own 94.83% of the company’s stock.

Analyst Upgrades and Downgrades

AAT has been the subject of several research reports. TheStreet lowered American Assets Trust from a “b-” rating to a “c+” rating in a research note on Thursday, June 16th. KeyCorp reissued a “sector weight” rating on shares of American Assets Trust in a research note on Thursday, July 14th. Finally, Morgan Stanley dropped their price objective on American Assets Trust from $34.50 to $25.50 and set an “equal weight” rating for the company in a research note on Friday, July 15th. Four analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $31.25.

About American Assets Trust

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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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