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%.

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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.

Insider Buying and Selling by Quarter for American Assets Trust (NYSE:AAT)

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