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 acquired 10,000 shares of the business’s stock in a transaction on Monday, August 1st. The shares were purchased at an average cost of $30.00 per share, for a total transaction of $300,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 6,585,784 shares in the company, valued at $197,573,520. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

American Assets Trust Trading Down 0.6 %

Shares of AAT opened at $28.94 on Friday. The business’s 50-day moving average price is $30.37 and its 200-day moving average price is $33.90. American Assets Trust, Inc. has a twelve month low of $28.38 and a twelve month high of $40.83. The stock has a market cap of $1.75 billion, a PE ratio of 43.19, a P/E/G ratio of 1.63 and a beta of 1.10. The company has a quick ratio of 2.43, a current ratio of 2.34 and a debt-to-equity ratio of 1.38.

American Assets Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Thursday, September 8th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend is Wednesday, September 7th. American Assets Trust’s dividend payout ratio is presently 191.04%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AAT. KeyCorp restated a “sector weight” rating on shares of American Assets Trust in a research note on Thursday, July 14th. Morgan Stanley lowered their price objective on American Assets Trust from $34.50 to $25.50 and set an “equal weight” rating on the stock in a research note on Friday, July 15th. Finally, TheStreet cut American Assets Trust from a “b-” rating to a “c+” rating in a research note on Thursday, June 16th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $31.25.

Institutional Investors Weigh In On American Assets Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brown Advisory Inc. bought a new position in shares of American Assets Trust in the fourth quarter worth approximately $315,000. Westwood Holdings Group Inc. bought a new position in shares of American Assets Trust in the fourth quarter worth approximately $7,466,000. Alps Advisors Inc. increased its position in shares of American Assets Trust by 73.8% in the fourth quarter. Alps Advisors Inc. now owns 42,810 shares of the real estate investment trust’s stock worth $1,607,000 after purchasing an additional 18,184 shares during the last quarter. Mirabella Financial Services LLP bought a new position in shares of American Assets Trust in the fourth quarter worth approximately $468,000. Finally, Nuveen Asset Management LLC increased its position in shares of American Assets Trust by 126.9% in the fourth quarter. Nuveen Asset Management LLC now owns 463,071 shares of the real estate investment trust’s stock worth $17,379,000 after purchasing an additional 259,030 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors.

American Assets Trust Company Profile

(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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