American Assets Trust (AAT) CEO Acquires $1,526,668.47 in Stock

American Assets Trust (NYSE:AAT) CEO Ernest S. Rady acquired 44,367 shares of the company’s stock in a transaction dated Friday, May 18th. The stock was acquired at an average cost of $34.41 per share, for a total transaction of $1,526,668.47. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

American Assets Trust traded down $0.48, reaching $34.08, during mid-day trading on Friday, according to MarketBeat. 552,400 shares of the stock were exchanged, compared to its average volume of 311,026. American Assets Trust has a 1 year low of $30.62 and a 1 year high of $41.69. The company has a market capitalization of $1.63 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 3.19 and a beta of 0.40. The company has a debt-to-equity ratio of 1.55, a quick ratio of 2.17 and a current ratio of 2.17.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings results on Tuesday, May 1st. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.16). American Assets Trust had a return on equity of 2.52% and a net margin of 6.60%. The firm had revenue of $80.73 million for the quarter. equities analysts expect that American Assets Trust will post 2.05 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Investors of record on Thursday, June 14th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Wednesday, June 13th. American Assets Trust’s dividend payout ratio (DPR) is presently 56.25%.

Several analysts have recently commented on the stock. ValuEngine downgraded shares of American Assets Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Morgan Stanley raised shares of American Assets Trust from an “equal” rating to a “weight” rating and set a $37.00 price objective on the stock in a report on Tuesday, March 27th. Zacks Investment Research raised shares of American Assets Trust from a “sell” rating to a “hold” rating in a report on Wednesday, March 14th. Bank of America downgraded shares of American Assets Trust from a “neutral” rating to an “underperform” rating and set a $35.00 price objective on the stock. in a report on Thursday, March 1st. Finally, Mizuho raised shares of American Assets Trust from a “neutral” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Thursday, February 22nd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $41.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Meadow Creek Investment Management LLC boosted its holdings in American Assets Trust by 24.8% during the fourth quarter. Meadow Creek Investment Management LLC now owns 8,738 shares of the real estate investment trust’s stock worth $334,000 after buying an additional 1,734 shares in the last quarter. Strs Ohio boosted its holdings in American Assets Trust by 2.8% during the fourth quarter. Strs Ohio now owns 64,067 shares of the real estate investment trust’s stock worth $2,449,000 after buying an additional 1,742 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in American Assets Trust by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 634,828 shares of the real estate investment trust’s stock worth $24,276,000 after buying an additional 1,761 shares in the last quarter. Citigroup Inc. boosted its holdings in American Assets Trust by 5.7% during the first quarter. Citigroup Inc. now owns 33,370 shares of the real estate investment trust’s stock worth $1,115,000 after buying an additional 1,813 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in American Assets Trust by 2.7% during the first quarter. Great West Life Assurance Co. Can now owns 77,404 shares of the real estate investment trust’s stock worth $2,588,000 after acquiring an additional 2,002 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

About American Assets Trust

American Assets Trust, Inc (the ?company?) 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 retail, office 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.

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

Receive News & Ratings for American Assets Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Assets Trust and related companies with MarketBeat.com's FREE daily email newsletter.




Leave a Reply