Ernest S. Rady Purchases 5,000 Shares of American Assets Trust, Inc. (NYSE:AAT) Stock


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American Assets Trust, Inc. (NYSE:AAT) CEO Ernest S. Rady bought 5,000 shares of the stock in a transaction that occurred on Wednesday, March 3rd. The shares were purchased at an average price of $33.87 per share, with a total value of $169,350.00. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of NYSE:AAT traded up $0.01 on Wednesday, reaching $33.03. The company’s stock had a trading volume of 151,187 shares, compared to its average volume of 319,320. The stock’s 50-day moving average is $32.95 and its two-hundred day moving average is $28.52. American Assets Trust, Inc. has a 52-week low of $20.73 and a 52-week high of $36.60. The company has a debt-to-equity ratio of 1.12, a current ratio of 3.30 and a quick ratio of 3.30. The stock has a market capitalization of $2.00 billion, a P/E ratio of 52.43 and a beta of 1.20.

American Assets Trust (NYSE:AAT) last announced its earnings results on Monday, February 8th. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). American Assets Trust had a net margin of 10.38% and a return on equity of 2.94%. Equities analysts forecast that American Assets Trust, Inc. will post 1.93 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 25th. Investors of record on Thursday, March 11th were issued a dividend of $0.28 per share. This is a boost from American Assets Trust’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend was Wednesday, March 10th. American Assets Trust’s dividend payout ratio is currently 50.91%.

A number of hedge funds and other institutional investors have recently bought and sold shares of AAT. Marshall Wace North America L.P. raised its holdings in American Assets Trust by 32.9% during the first quarter. Marshall Wace North America L.P. now owns 1,211 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 300 shares in the last quarter. Van ECK Associates Corp increased its holdings in American Assets Trust by 33.2% in the fourth quarter. Van ECK Associates Corp now owns 2,022 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 504 shares in the last quarter. Everence Capital Management Inc. purchased a new position in American Assets Trust in the first quarter valued at about $202,000. Schonfeld Strategic Advisors LLC purchased a new position in American Assets Trust in the third quarter valued at about $207,000. Finally, Amica Retiree Medical Trust increased its holdings in American Assets Trust by 55.1% in the fourth quarter. Amica Retiree Medical Trust now owns 8,116 shares of the real estate investment trust’s stock valued at $234,000 after buying an additional 2,883 shares in the last quarter. 94.06% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on the stock. Morgan Stanley upped their price objective on shares of American Assets Trust from $27.40 to $28.50 and gave the company an “equal weight” rating in a research note on Monday, March 1st. Zacks Investment Research downgraded shares of American Assets Trust from a “hold” rating to a “strong sell” rating in a research note on Friday, February 19th.

American Assets Trust Company Profile

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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