American Assets Trust, Inc. (NYSE:AAT – Get 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
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
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.
- Get a free copy of the StockNews.com research report on American Assets Trust (AAT)
- 3 Hotel Stocks to Consider Checking into After Earnings
- How Does Freeport McMoran Inc Compare to Its Sector Competitors?
- Can FuelCell Energy Surge Higher This Year?
- Is It Time to Take a Ride on Cedar Fair Stock?
- These Are The Top Insider Buying Stocks For July
Receive News & Ratings for American Assets Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Assets Trust and related companies with MarketBeat.com's FREE daily email newsletter.