Insider Buying: American Assets Trust, Inc. (AAT) CEO Buys $578,357.98 in Stock

American Assets Trust, Inc. (NYSE:AAT) CEO Ernest S. Rady bought 15,034 shares of the business’s stock in a transaction on Friday, December 8th. The stock was purchased at an average cost of $38.47 per share, with a total value of $578,357.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of American Assets Trust, Inc. (AAT) opened at $38.49 on Monday. The firm has a market capitalization of $1,813.95, a P/E ratio of 19.94, a PEG ratio of 3.37 and a beta of 0.51. American Assets Trust, Inc. has a 52 week low of $36.79 and a 52 week high of $44.83. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.76 and a current ratio of 2.76.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Wednesday, December 6th. This is a positive change from American Assets Trust’s previous quarterly dividend of $0.26. American Assets Trust’s dividend payout ratio is 163.64%.

A number of hedge funds have recently made changes to their positions in AAT. Dimensional Fund Advisors LP lifted its stake in American Assets Trust by 6.6% in the first quarter. Dimensional Fund Advisors LP now owns 486,671 shares of the real estate investment trust’s stock worth $20,362,000 after acquiring an additional 30,115 shares during the period. Russell Investments Group Ltd. lifted its stake in American Assets Trust by 45.2% in the second quarter. Russell Investments Group Ltd. now owns 41,363 shares of the real estate investment trust’s stock worth $1,629,000 after acquiring an additional 12,872 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in American Assets Trust by 6.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,800 shares of the real estate investment trust’s stock worth $386,000 after acquiring an additional 620 shares during the period. Great West Life Assurance Co. Can lifted its stake in American Assets Trust by 4.6% in the second quarter. Great West Life Assurance Co. Can now owns 80,444 shares of the real estate investment trust’s stock worth $3,165,000 after acquiring an additional 3,558 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in American Assets Trust by 15.6% in the second quarter. Daiwa Securities Group Inc. now owns 3,700 shares of the real estate investment trust’s stock worth $146,000 after acquiring an additional 500 shares during the period. 98.31% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on AAT shares. Bank of America lowered American Assets Trust from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a research note on Thursday, November 2nd. Mizuho reissued a “hold” rating and set a $40.00 price objective on shares of American Assets Trust in a research note on Friday, November 10th. BidaskClub raised American Assets Trust from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, Zacks Investment Research lowered American Assets Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $44.00.

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About American Assets Trust

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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