American Assets Trust, Inc. (AAT) CEO Ernest S. Rady Purchases 17,170 Shares
American Assets Trust, Inc. (NYSE:AAT) CEO Ernest S. Rady purchased 17,170 shares of the stock in a transaction on Tuesday, August 29th. The stock was bought at an average price of $40.32 per share, for a total transaction of $692,294.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of American Assets Trust, Inc. (NYSE:AAT) remained flat at $40.31 during mid-day trading on Wednesday. The company’s stock had a trading volume of 148,030 shares. The stock has a 50 day moving average of $40.04 and a 200 day moving average of $41.17. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 61.26 and a beta of 0.52. American Assets Trust, Inc. has a 12-month low of $37.54 and a 12-month high of $45.50.
American Assets Trust (NYSE:AAT) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.01. American Assets Trust had a net margin of 10.93% and a return on equity of 3.94%. The firm had revenue of $77.11 million for the quarter. Equities research analysts forecast that American Assets Trust, Inc. will post $0.63 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.58%. American Assets Trust’s payout ratio is 157.58%.
ILLEGAL ACTIVITY NOTICE: This news story was originally published by Watch List News and is the property of of Watch List News. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://www.watchlistnews.com/american-assets-trust-inc-aat-ceo-ernest-s-rady-purchases-17170-shares/1532517.html.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Perigon Wealth Management LLC bought a new position in shares of American Assets Trust during the first quarter worth about $105,000. LS Investment Advisors LLC boosted its position in shares of American Assets Trust by 75.0% in the first quarter. LS Investment Advisors LLC now owns 2,531 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 1,085 shares during the period. Advisor Group Inc. boosted its position in shares of American Assets Trust by 19.7% in the second quarter. Advisor Group Inc. now owns 2,663 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 439 shares during the period. Elkfork Partners LLC boosted its position in shares of American Assets Trust by 10.8% in the first quarter. Elkfork Partners LLC now owns 2,884 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 280 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in shares of American Assets Trust by 39.1% in the first quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 900 shares during the period. 97.83% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently commented on the company. Zacks Investment Research upgraded American Assets Trust from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Friday, July 14th. BidaskClub upgraded American Assets Trust from a “strong sell” rating to a “sell” rating in a report on Thursday, June 15th. Finally, TheStreet cut American Assets Trust from a “b-” rating to a “c+” rating in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $46.33.
American Assets Trust Company Profile
American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires and develops retail, office, multifamily and mixed-use properties in Southern California, Northern California, Oregon, Washington, Texas and Hawaii markets.
Receive News & Ratings for American Assets Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Assets Trust Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.