Insider Buying: American Assets Trust, Inc. (NYSE:AAT) CEO Purchases 26,626 Shares of Stock

American Assets Trust, Inc. (NYSE:AAT) CEO Ernest S. Rady acquired 26,626 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were acquired at an average cost of $39.27 per share, with a total value of $1,045,603.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

American Assets Trust, Inc. (NYSE AAT) traded up $0.50 during mid-day trading on Friday, reaching $39.26. 393,410 shares of the company’s stock traded hands, compared to its average volume of 202,007. The stock has a market cap of $1,826.67, a PE ratio of 20.08, a P/E/G ratio of 3.40 and a beta of 0.51. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.76 and a quick ratio of 2.76. American Assets Trust, Inc. has a 12-month low of $36.79 and a 12-month high of $44.83.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be paid a $0.27 dividend. This is a boost from American Assets Trust’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 2.75%. The ex-dividend date is Wednesday, December 6th. American Assets Trust’s payout ratio is presently 163.64%.

A number of hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP grew its stake in shares of American Assets Trust by 287.7% during the 3rd quarter. GSA Capital Partners LLP now owns 50,987 shares of the real estate investment trust’s stock valued at $2,028,000 after buying an additional 37,837 shares during the period. Eii Capital Management Inc. purchased a new stake in shares of American Assets Trust during the 3rd quarter valued at $878,000. California Public Employees Retirement System grew its stake in shares of American Assets Trust by 2.0% during the 3rd quarter. California Public Employees Retirement System now owns 65,506 shares of the real estate investment trust’s stock valued at $2,605,000 after buying an additional 1,306 shares during the period. AMP Capital Investors Ltd grew its stake in shares of American Assets Trust by 208.1% during the 3rd quarter. AMP Capital Investors Ltd now owns 53,740 shares of the real estate investment trust’s stock valued at $2,138,000 after buying an additional 36,300 shares during the period. Finally, Adelante Capital Management LLC grew its stake in shares of American Assets Trust by 0.7% during the 3rd quarter. Adelante Capital Management LLC now owns 380,267 shares of the real estate investment trust’s stock valued at $15,124,000 after buying an additional 2,812 shares during the period. 98.31% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on the stock. 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. Zacks Investment Research cut shares of American Assets Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Bank of America cut shares of American Assets Trust from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a research note on Thursday, November 2nd. Finally, BidaskClub raised shares of American Assets Trust from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target 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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